source:giphy

Perfect Day, the company synthesizing dairy proteins through microbial engineering and cellular fermentation completed a $140 million Series C bringing the company’s total funding over $200 million. The Series C round was led by Temasek with additional backing from previous investors including Horizon Ventures.

The news comes shortly after Perfect Day announced plans to develop cell based fats further leveraging the company’s microbial engineering platform beyond milk proteins.

With $140 million in the bank: Perfect Day plans to focus on manufacturing and commercializing the company’s animal-free dairy products through partnerships within the dairy industry itself. Stay tuned for announcements of the details of these commercial partnerships coming in 2020. https://cellbased.link/2cu

Investments

🌱 Venture capital firm, SOSV raised $277 million for its new SOSV IV fund. SOSV’s investment strategy is on deep tech trends including plant based and cellular agriculture and has invested in Memphis Meats, Perfect Day, Clara Foods, and Geltor. With this new influx of capital, SOSV plans to invest in approximately 150 new startups per year. https://cellbased.link/03n

⚕ Argentinian pharmaceutical company, Craveri Laboratories invested in a cellular agriculture division to pursue the research and development of cell based meat. The division is called BIFE (Bio Ingeniería en la Fabricación de Elaborados, or Bioengineering in Processed Foods Manufacturing).http://bife.net.ar/home/