Ripple Foods, a prominent leader in plant-based milks that are rich in protein as well as free from common allergens, has invested USD 17 million. The investment comes from companies such as Material Impact as well as Rich Products Ventures, along with continued support from existing investors.
Ripple’s plant-based milks and shakes provide up to 20 grams of protein per serving, which is more than any other non-dairy milk. They also have 50% more calcium than dairy milk, fewer calories, less sugar, and are without nuts, soy, and lactose, making them a great choice for families with dietary sensitivities.
Ripple has also appointed Becky O'Grady as its new CEO. O'Grady brings over 30 years of experience in the food industry, including leadership roles at General Mills as well as Yoplait USA. She has been on Ripple’s board for five years and will now lead the company as it looks to expand its products and reach more customers.
Ripple plans to use this new funding to:
- Launch new products, including a line of organic plant-based milks in early 2026.
- Expand its customer base, particularly by targeting kid-friendly or core milk options, and escalating retail visibility.
- Grow through partnerships and foodservice channels, continuing to build relationships with major retailers like Target, Whole Foods, and Walmart.
Executive Statement
According to Melissa Fensterstock of Material Impact, they couldn’t imagine a more exciting time to invest in Ripple Foods. With Becky at the helm and a sharp focus on growing top-line revenue and achieving profitability, the company is poised to deliver strong results in the plant-based protein market. On a human note, Ripple’s products provide a wonderful solution for the millions of families struggling to find a nutritious, tasty, and clean alternative to dairy.