Ripple Foods Chomps Down on $17 Million in New Funding

<p><span class&equals;"legendSpanClass"><strong>EMERYVILLE<&sol;strong> <&sol;span>&&num;8212&semi; <a href&equals;"https&colon;&sol;&sol;edge&period;prnewswire&period;com&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4561802-1&amp&semi;h&equals;2049772621&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fripplefoods&period;com&percnt;2F&amp&semi;a&equals;Ripple&plus;Foods" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Ripple Foods<&sol;a>&comma; a producer of high-protein&comma; allergen-free plant-based milks&comma; has landed &dollar;17 million in new funding&period; The round includes new investments from Material Impact&comma; and Rich Products Ventures&comma; the Corporate Ventures arm for Rich Products Corporation&comma; alongside continued support from existing investors S2G Ventures&comma; Prelude Ventures&comma; Fall Line Capital&comma; Euclidean Capital&comma; Tao Capital Partners&comma; and Tim Koogle &lpar;a former CEO of Yahoo&rpar;&period;<&sol;p>&NewLine;<p>Each serving of Ripple milks and shakes delivers up to 20 grams of plant-based protein—more than any other leading non-dairy milk—while containing 50&percnt; more calcium than dairy milk&comma; with less sugar&comma; fewer calories&comma; no common allergens like nuts&comma; soy&comma; or lactose&comma; and is pediatrician recommended&period; Ripple is the only plant-based milk free from both dairy and nuts that has a nutritional profile better than dairy milk&comma; making it a go-to for families managing dietary sensitivities&period;<&sol;p>&NewLine;<p>The market for alternative protein ingredients is valued at &dollar;23B in 2024 and projected to more than double by 2030 reflecting the strong momentum behind the broader novel ingredients sector&period; Ripple has a successful track record of capitalizing on this consumer momentum and driving consistent&comma; double-digit top line growth&period;<&sol;p>&NewLine;<p>The new funding comes as Ripple also welcomes longtime board member and seasoned industry leader Becky O&&num;8217&semi;Grady as Chief Executive Officer&period; O&&num;8217&semi;Grady brings more than 30 years of experience building and scaling iconic food and consumer brands&period; She spent over two decades at General Mills&comma; where she most recently served as President of Global Häagen-Dazs and Chief Marketing Officer for International&comma; overseeing global marketing strategy&comma; e-commerce&comma; and consumer insights&period; She previously served as President of Yoplait USA&comma; helping to lead the turnaround and growth of the brand within the highly competitive yogurt category&period;<&sol;p>&NewLine;<p>O&&num;8217&semi;Grady has served on Ripple&&num;8217&semi;s Board of Directors for the past five years&comma; bringing a deep understanding of the brand&&num;8217&semi;s values&comma; mission&comma; and market opportunity&period; As CEO&comma; she will lead Ripple&&num;8217&semi;s next chapter of growth—expanding access to clean-label&comma; allergen-free plant-based nutrition for today&&num;8217&semi;s consumers while continuing to build a healthier and more sustainable food system&period;<&sol;p>&NewLine;<p>&&num;8220&semi;This is a pivotal moment for Ripple&comma;&&num;8221&semi; said O&&num;8217&semi;Grady&period; &&num;8220&semi;Harnessing the power of our brand and the strength of our team&comma; we are poised to unlock our full potential&period; We are launching innovative new products&comma; driving consumer penetration and customer expansion&comma; and opening new growth horizons through transformative partnerships and capabilities&period;&&num;8221&semi;<&sol;p>&NewLine;<p><b>Ripple&&num;8217&semi;s new funding will fuel several strategic initiatives&colon;<&sol;b><&sol;p>&NewLine;<ul >&NewLine;<li><b>New Product Launches&colon; <&sol;b>Ripple will introduce a new line of organic plant-based milks in Q1 2026 at a time when consumers seek nutrient-dense&comma; plant-based protein options over ultra processed alternatives&period;<&sol;li>&NewLine;<li><b>Consumer and Customer Expansion&colon; <&sol;b>Ripple will accelerate growth on its high protein kid and core milk offerings by increasing brand differentiation and visibility while driving expanded retail distribution&period;<&sol;li>&NewLine;<li><b>New Partners and Channels&colon; <&sol;b>Ripple is expanding into foodservice channels while continuing to build on its strong momentum with major retail partners such as Target&comma; Whole Foods and Walmart&comma; where it has already established a loyal customer base&period;<&sol;li>&NewLine;<&sol;ul>&NewLine;<p>&&num;8220&semi;We couldn&&num;8217&semi;t imagine a more exciting time to invest in Ripple Foods&period; With Becky at the helm and a sharp focus on growing top-line revenue and achieving profitability&comma; the company is poised to deliver strong results in the plant-based protein market&period; On a human note&comma; Ripple&&num;8217&semi;s products provide a wonderful solution for the millions of families struggling to find a nutritious&comma; tasty&comma; and clean alternative to dairy&comma;&&num;8221&semi; said Melissa Fensterstock of Material Impact&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;