What is Perfect Day?
Founded in 2014 by Ryan Pandya and Perumal Gandhi, Perfect Day has established itself as a leader in the food technology landscape. The company utilizes a proprietary fermentation process to produce flora-made dairy proteins that mirror the taste and texture of traditional dairy while eliminating the environmental and ethical concerns associated with industrial animal agriculture. By positioning its ingredients as a versatile solution for manufacturers of ice cream, milk, cheese, and butter, Perfect Day is effectively bridging the gap between consumer demand for sustainable alternatives and the functional requirements of the global dairy supply chain. Its market position is bolstered by a robust network of manufacturing and foodservice partnerships, enabling the widespread integration of its animal-free proteins into mainstream consumer products.
How much funding has Perfect Day raised?
Perfect Day has raised a total of $799.5M across 5 funding rounds:
Series A
$24.7M
Series B
$34.8M
Series C
$300M
Series D
$350M
Series E
$90M
Series A (2018): $24.7M with participation from Horizons Ventures, Lion Ventures, ICONIQ Capital, Temasek, Verus International, and CGC
Series B (2019): $34.8M led by Temasek, Horizons Ventures, and ADM Capital
Series C (2020): $300M supported by Thematic Investing, Horizons Ventures, and Temasek
Series D (2021): $350M featuring Robert Iger, CPP Investments, and Temasek
Series E (2024): $90M backed by Horizon Ventures and Temasek
Key Investors in Perfect Day
Temasek
Founded in 1974, Temasek is a global investment company headquartered in Singapore. We are a generational investor, seeking to make a difference always with tomorrow in mind.
Horizons Ventures
The Horizon Ventures partners have been helping entrepreneurs turn startup ventures into successful companies for over 20 years. We have worked with entrepreneurs with a vision that is both compelling and pragmatic and who appreciate our active involvement as much as equity financing.
CPP Investments
Canada Pension Plan Investment Board (CCP Investments), founded in 2002 and headquartered in Ontario, Canada, is a professional investment management organization. CPPIB's line of business includes holding or owning securities of companies other than banks.
What's next for Perfect Day?
With the completion of this major strategic investment, Perfect Day is well-positioned to accelerate its operational scaling and expand its footprint within the global food and beverage industry. The company is expected to focus on optimizing its fermentation infrastructure to increase production capacity and reduce costs, thereby enhancing the commercial viability of its dairy-identical proteins. As the firm transitions from early-stage development to a mature enterprise-level entity, strategic priorities will likely include deepening its penetration into international markets and diversifying its product portfolio. By maintaining its commitment to sustainability and food safety, Perfect Day aims to solidify its role as a foundational supplier for the next generation of dairy-free food innovation.
See full Perfect Day company page
