VegNews News Market Trends Market Trends Animal-Free Dairy-Tech Company Raises $24.7 Million California vegan company Perfect Day secures Series A funding and a patent for its dairy-free, yeast-based proteins developed to displace animal dairy worldwide. 181 Shares

Berkeley, CA-based food-technology company Perfect Day secured a $24.7 million in Series A funding this week led by Singapore state-owned firm Temasek. The company also secured a patent for its technology to create animal-free dairy proteins using vegan yeast-based technology. “This funding will enable the company to grow the team, accelerate scale-up efforts, and, ultimately, commercialize with a wide variety of partners across the food and dairy sectors,” Perfect Day co-founder Perumal Gandhi said. The company was founded in 2014 and last year announced that it would be able to use 3D-printing technology to create vegan cheese with its proprietary dairy-free protein. Chile-based competitor The Not Company—which is also working to disrupt the dairy industry with technology-based solutions—relies on artificial intelligence (a discovery machine nicknamed “Guiseppe”) to isolate plant-based proteins that mimic those of animal products, particularly dairy, and plans to launch its products in Walmart by 2019. Please support independent vegan media and get the very best in news, recipes, travel, beauty, products, and more.

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