Alternative dairy startup Perfect Day raises $140 million

Source: Fast Company 

Perfect Day, a startup that uses fermentation to make proteins that are nutritionally identical to those in cow milk, just raised $140 million to bring its product to supply chains everywhere.

At scale, the company says the product can be as much as 40% cheaper than milk protein from cows. It also avoids tremendous environmental impact. In an early life-cycle analysis that compared a gallon of milk from a cow to a gallon of its own product, the company found that it could eliminate the vast majority of the water and land used on a dairy farm, along with more than 80% of the greenhouse gas emissions.