News

Animal-Free Dairy-Tech Company Raises $24.7 Million

California vegan company Perfect Day secures Series A funding and a patent for its dairy-free, yeast-based proteins developed to displace animal dairy worldwide.

Berkeley, CA-based food-technology company Perfect Day secured a $24.7 million in Series A funding this week led by Singapore state-owned firm Temasek. The company also secured a patent for its technology to create animal-free dairy proteins using vegan yeast-based technology. “This funding will enable the company to grow the team, accelerate scale-up efforts, and, ultimately, commercialize with a wide variety of partners across the food and dairy sectors,” Perfect Day co-founder Perumal Gandhi said. The company was founded in 2014 and last year announced that it would be able to use 3D-printing technology to create vegan cheese with its proprietary dairy-free protein. Chile-based competitor The Not Company—which is also working to disrupt the dairy industry with technology-based solutions—relies on artificial intelligence (a discovery machine nicknamed “Guiseppe”) to isolate plant-based proteins that mimic those of animal products, particularly dairy, and plans to launch its products in Walmart by 2019.

More News

Mena Suvari Has Vegan Epiphany at Moby's Restaurant

The newly vegan actress felt like an "a**hole" for bringing a leather handbag to Little Pine and has since veganized her closet.
Read More »

Pittsburgh Gets Its First Vegan Ice Cream Shop

Vegan cone and cake shop Sugar Spell Scoops will sell cashew-based scoops and whimsical unicorn cakes in the Sharpsburg borough in June.
Read More »

Meat Company Finds Americans Are Afraid of Hot Dogs

Meat brand Applegate finds that 47 percent of consumers are scared to discover the ingredients in hot dogs, while 24 percent of millennials never purchase them.
Read More »

Kat Von D Debuts 10th Anniversary Vegan Beauty Line

The animal activist launched a limited-edition, golden-hued vegan makeup collection inspired by her mother, husband, and other muses.
Read More »

Missouri Passes Bill Limiting Meat Labels to Dead Animals

Those in opposition to the bill—which purports it is alleviating consumer confusion around plant-based products—believe its passing is wrongly motivated by eliminating meat-industry competition.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »