Funding round
Perfect Day Series C
Perfect Day, which works in precision fermentation technology research and development in Berkeley, raised $140M in a Series C round announced on 11 Dec 2019, led by Temasek. 2 firms took part. It is Perfect Day's second venture round on record; the one before was a Series A in Feb 2018.
$140M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Perfect Day did not disclose a valuation in this round. It came 22 months after Perfect Day's Series A. It is 23% of the $605M Perfect Day has raised in the venture rounds on record. Perfect Day raised again 21 months later: a Series D round of $350M in Sep 2021, at $1.50B post-money.
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 1 other firm.
Lead investor
- Temasek backs 195 venture-backed companies new investor
Also in the round
- backs 97 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series C rounds in Dairy Products - Farms & Stores:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Dairy Products - Farms & Stores | 21 Sep 2019 | $65M | not disclosed | Euclidean Capital |
| Dairy Products - Farms & Stores | 8 Jul 2019 | $7.6M | not disclosed | Harbinger Ventures |
| Dairy Products - Farms & Stores | 25 Aug 2020 | $8.0M | not disclosed | Alliance Consumer Growth and AF Ventures |
| Dairy Products - Farms & Stores | 23 Nov 2020 | $25M | not disclosed | Elevation Capital and IIFL AMC |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Perfect Day raise in its Series C round?
Perfect Day raised $140M in its Series C round, announced in Dec 2019.
Who led Perfect Day's Series C round?
Temasek led it, with Horizons Ventures.
What was Perfect Day's valuation at the Series C round?
It was not disclosed.
Did Perfect Day raise again after this round?
Yes: a Series D round in Sep 2021 of $350M at $1.50B post-money.