Ripple Foods has completed a significant $17 million funding round, attracting new investments from Material Impact and Rich Products Ventures while also securing ongoing support from existing investors. This financial boost will assist the company in expanding its range of high-protein, allergen-free plant-based milk products.
In conjunction with this funding milestone, Ripple has announced the appointment of Becky O’Grady as its new CEO. O’Grady brings over 20 years of experience from her tenure at General Mills, where she held various senior positions, including President of Häagen-Dazs Global and Chief Marketing Officer for International. Having served on Ripple’s board for five years, she is well-acquainted with the company and its strategic goals. O’Grady expressed her enthusiasm for the company’s future, stating, “Harnessing the power of our brand and the strength of our team, we are poised to unlock our full potential. We are launching innovative new products, driving consumer penetration and customer expansion, and opening new growth horizons through transformative partnerships and capabilities.”
The recent investment aligns with Ripple’s plans for several strategic initiatives aimed at enhancing its market presence. With the newly acquired funding, the company intends to accelerate product development and broaden its distribution networks. Notably, Ripple aims to launch a line of organic plant-based milks in the first quarter of 2026, responding to the increasing consumer demand for nutrient-dense, minimally processed alternatives. Furthermore, the company plans to enhance its retail presence and deepen its engagement within foodservice channels.
“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,” commented Melissa Fensterstock, Managing Partner at Material Impact. Ripple’s products are already available at major national retailers, including Whole Foods, Target, Kroger, and Walmart, in addition to online platforms, positioning the company for significant growth as it capitalizes on the expanding plant-based market.
