Funding round
Perfect Day Series A
Perfect Day, which works in precision fermentation technology research and development in Berkeley, raised $25M in a Series A round announced on 27 Feb 2018, led by Temasek. 6 firms took part. It is Perfect Day's first venture round on record.
$25M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Perfect Day did not disclose a valuation in this round. It is Perfect Day's first venture round on record, 4 years after it was founded in 2014. It is 4.1% of the $605M Perfect Day has raised in the venture rounds on record. Perfect Day raised again 22 months later: a Series C round of $140M in Dec 2019. Its next priced round, a Series D in Sep 2021, valued it at $1.50B.
Perfect Day's funding rounds
Perfect Day has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Temasek led the round with 5 other firms.
Lead investor
- Temasek backs 195 venture-backed companies new investor
Also in the round
- backs 97 venture-backed companies new investor
- backs 16 venture-backed companies new investor
- Iconiq Capital new investor
- Lion Ventures new investor
- Verus International new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series A rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Ping An Good Doctor Health Care Services | 2 Feb 2018 | $1.15B | $8.80B | SoftBank Vision Fund |
| Pharmaceutical Products | 1 Feb 2018 | $60M | not disclosed | Perceptive Advisors and Adams Street Partners |
| Medical Supply Manufacturers | 7 Feb 2018 | $31M | not disclosed | Invus and F-Prime Capital Partners |
| Tech Companies | 14 Feb 2018 | $27M | not disclosed | not named |
| Tech Companies | 2 Feb 2018 | $26M | not disclosed | NWS Holdings |
| Infarm Fruit & Vegetable - Markets & Stores | 5 Feb 2018 | $25M | not disclosed | Balderton Capital |
| Tech Companies | 5 Feb 2018 | $25M | not disclosed | Breyer Capital |
| Tech Companies | 15 Feb 2018 | $20M | not disclosed | Summit Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Perfect Day raise in its Series A round?
Perfect Day raised $25M in its Series A round, announced in Feb 2018.
Who led Perfect Day's Series A round?
Temasek led it, with Horizons Ventures, Continental Grain Company, Iconiq Capital, Lion Ventures and Verus International.
What was Perfect Day's valuation at the Series A round?
It was not disclosed.
Did Perfect Day raise again after this round?
Yes: a Series C round in Dec 2019 of $140M.