Perfect Day: Alt-dairy maker Perfect Day raises $350M, lays groundwork for near-term IPO

Perfect Day, the Berkeley-based developer of animal-free dairy products including ice cream, cheese and yogurt via fermentation, announced a monster fundraising round of $350 million on Thursday as it gears up for a near-future IPO. Since Ryan Pandya and Perumal Gandhi founded Perfect Day in Emeryville in 2014, the company has raised $750 million and reached a $1.5 billion valuation. The new Series D, which nearly doubles the company's funding to date, was led by Singapore's Temasek Holdings...