The Continental Grain-backed vegan dairy product developer has captured $140m at a $440m valuation, with Temasek leading the round.

Perfect Day, a US-based animal-free dairy protein manufacturer backed by agribusiness Continental Grain, closed a $140m series C round yesterday that was led by Singaporean state-owned investment firm Temasek. Venture capital firm Horizons Ventures and several unnamed, existing shareholders also contributed to the round, which valued Perfect Day at $440m according to the Financial Times.…

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