• Perfect Day

  Participated · Series A · Mar 2018

  Perfect Day produces plant-based ice cream by using microbial fermentation to create milk proteins such as casein and whey without any animal products. The company’s process recreates components of cow’s milk so its products are suitable for all consumers, including vegans. The article identifies Perfect Day as a U.S. company. Financially, the report states Perfect Day completed a Pre‑E financing of up to $90 million. No operating metrics (revenue, users) or additional financial details were provided in the article. The report does not detail future plans or past financing rounds. Perfect Day develops precision-fermented, animal-free milk proteins that can replace conventional dairy in a range of products. The company sells ingredients to food manufacturers and operates consumer brands through The Urgent Company (TUC), whose Brave Robot ice cream is in over 5,000 U.S. stores. Perfect Day acquired SBF, a bioprocess scale-up facility in Logan, Utah, and is expanding into "enterprise biology" services to help other companies scale biological solutions. The company emphasizes sustainability: a third-party LCA found its whey protein can cut blue water use by up to 99%, greenhouse gas emissions by up to 97%, and non-renewable energy use by up to 60% versus conventional methods. Perfect Day has been investing in new consumer brands (Modern Kitchen) and bolstering its executive team to support growth across ingredient, consumer, and enterprise biology businesses. Perfect Day develops flora-made dairy proteins produced via fermentation in microflora as an alternative to cow-derived dairy. The company reports recent production breakthroughs, having doubled its ability to produce its hallmark protein while substantially reducing costs several years ahead of expectations. Its flora-made protein completed the FDA GRAS review, a major regulatory milestone. Perfect Day plans to expand into new product categories and channels in the coming months and expects commercial partners to start building momentum. The company is also planning to build a turnkey network of localized animal-free dairy protein producers and processors to reduce supply chain bottlenecks and enable responsive scaling to demand. Perfect Day is a Berkeley, Calif.-based company that researches, develops and produces flora-based (animal-free) dairy proteins. The company demonstrated that its manufacturing process works at commercial scale in 2019 and launched a limited-edition ice cream that sold out in a single day. It has entered commercial production and plans to manufacture and commercialize its protein across multiple continents through partnerships. Perfect Day intends to expand production capacity, deepen partner opportunities, and extend its product portfolio. The company said it will announce its first commercial partnerships early in 2020. This fundraising round increases the company’s financial resources to support those commercialization plans. Perfect Day produces animal-free dairy proteins using a decades-old fermentation process that yields proteins with the same nutritional profile and food functionality as cow's milk. Its dairy proteins are sustainable, vegan, and lactose-free. Founded in 2014 and led by CEO Ryan Pandya and Perumal Gandhi, the company aims to provide a more secure, environmentally friendly, and nutritious source of protein without the use of animals. Perfect Day plans to grow its team, accelerate scale-up efforts, and commercialize products with a wide variety of partners across the food and dairy sectors. Earlier in the month it received its first patent for the use of animal-free dairy proteins in food applications.

• Nomadic

  Participated · Seed · Jun 2017

  Nomadic builds a modular, location-based virtual reality platform that maps a physical play space to a VR gaming experience. Users wear VR headsets and PC backpacks and can freely roam a modular play area; infrared markers and cameras let them sit, pick up objects, and feel tactile feedback tied to in-game elements. The company is focused on installing modular setups in existing retail locations rather than building dedicated VR warehouses. Target venues include cinemas, malls, resorts, airports, casinos, and theme parks. Nomadic said the launch of its first location-based experiences is planned for the first quarter of 2018. The startup closed a $6 million seed round led by Horizons Ventures to support rollout and deployment.

No current team members are available.