Funding round
Perfect Day Series E
Perfect Day, which works in precision fermentation technology research and development in Berkeley, raised $90M in a Series E round announced on 5 Jan 2024, led by Internal Investors. 1 firm took part, 1 of them already investors. It is Perfect Day's fourth venture round on record; the one before was a Series D in Sep 2021.
$90M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Perfect Day did not disclose a valuation in this round; its last disclosed one was $1.50B at the Series D (Sep 2021). It came 28 months after Perfect Day's Series D. It is 15% of the $605M Perfect Day has raised in the venture rounds on record. No later venture round is on record for Perfect Day.
Perfect Day's funding rounds
Perfect Day has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Internal Investors led the round. Internal Investors had backed Perfect Day before.
Lead investor
- Internal Investors existing investor
Joined the board: TM Narayan, Aftab Mathur (Temasek) and Patrick Zhang (Horizons Ventures).
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations and working capital.
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Buses, Shuttles & Local Transit | 31 Jan 2024 | $140M | $1.30B | GIC |
| Tech Companies | 3 Jan 2024 | $60M | $1.00B | Evolution Equity Partners |
| Udaan Groceries | 14 Dec 2023 | $340M | not disclosed | M&G |
| Travel Agencies | 7 Dec 2023 | $210M | not disclosed | Bessemer Venture Partners |
| Devoted Health Insurance - Agents, Carriers & Brokers | 29 Dec 2023 | $175M | $12.87B | The Space Between (TSB) and Highbury Group |
| Pharmaceutical Products | 9 Feb 2024 | $120M | not disclosed | Viking Global and Cormorant Asset Management |
| VAST Data Software Development Services | 6 Dec 2023 | $118M | $9.10B | Fidelity Management & Research Company |
| Blockchain.com Cryptocurrency | 26 Feb 2024 | $110M | $7.00B | Kingsway Capital |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Perfect Day raise in its Series E round?
Perfect Day raised $90M in its Series E round, announced in Jan 2024.
Who led Perfect Day's Series E round?
Internal Investors led it.
What was Perfect Day's valuation at the Series E round?
It was not disclosed; its last disclosed one was $1.50B at the Series D (Sep 2021).