Advertisement
Canada markets closed
  • S&P/TSX

    22,259.16
    -31.46 (-0.14%)
     
  • S&P 500

    5,187.67
    -0.03 (-0.00%)
     
  • DOW

    39,056.39
    +172.13 (+0.44%)
     
  • CAD/USD

    0.7281
    -0.0007 (-0.09%)
     
  • CRUDE OIL

    79.31
    +0.32 (+0.41%)
     
  • Bitcoin CAD

    84,434.59
    -1,579.50 (-1.84%)
     
  • CMC Crypto 200

    1,308.03
    +13.35 (+1.03%)
     
  • GOLD FUTURES

    2,317.30
    -5.00 (-0.22%)
     
  • RUSSELL 2000

    2,055.14
    -9.51 (-0.46%)
     
  • 10-Yr Bond

    4.4920
    +0.0290 (+0.65%)
     
  • NASDAQ futures

    18,168.25
    -18.25 (-0.10%)
     
  • VOLATILITY

    13.00
    -0.23 (-1.74%)
     
  • FTSE

    8,354.05
    +40.38 (+0.49%)
     
  • NIKKEI 225

    38,271.11
    +68.74 (+0.18%)
     
  • CAD/EUR

    0.6776
    0.0000 (0.00%)
     

Disney's Bob Iger invests in animal-free dairy startup Perfect Day

European premiere of "The Lion King" in London

(Reuters) - Walt Disney Co <DIS.N> Executive Chairman Bob Iger has invested in Perfect Day and will serve on its board along with the animal-free dairy products maker's co-founders, the company said on Wednesday.

The Bay Area startup, which has so far received $360 million in total funding, did not disclose the size of Iger's investment. It counts Singapore state investor Temasek Holdings and Hong Kong-based venture capital firm Horizons Ventures as lead investors.

Plant-based or meatless food products have been luring investments from big names as several major fast-food chains introduce such items in their menus to draw in consumers who are becoming more conscious about what they eat.

Former Starbucks Corp <SBUX.O> chief Howard Schultz and celebrities Oprah Winfrey and Natalie Portman have invested in plant-based milk maker Oatly, while plant-based burger maker Impossible Foods has received funds from Bill Gates and Google Ventures, among other high-profile investors.

ADVERTISEMENT

"We're focused on rapid commercialization in the U.S. and globally. But we know we can't do it alone," Perfect Day co-founder and Chief Executive Officer Ryan Pandya said on Iger's appointment.

Iger had previously held a board seat in Apple Inc <AAPL.O> and resigned last year at a time when the iPhone maker was preparing to launch its streaming service Apple TV+.

(Reporting by Praveen Paramasivam in Bengaluru; Editing by Arun Koyyur and Maju Samuel)