Ripple Foods, a prominent name in the market for high-protein, allergen-free plant-based milks, has successfully secured $17 million in new funding. This funding round attracted investment from notable entities including Material Impact and Rich Products Ventures, the corporate venture arm of Rich Products Corporation. The company also received continued backing from existing investors such as S2G Ventures, Prelude Ventures, Fall Line Capital, Euclidean Capital, Tao Capital Partners, and Tim Koogle.
Each serving of Ripple’s milks and shakes boasts up to 20 grams of plant-based protein, surpassing all other leading non-dairy milk options. Additionally, Ripple’s products offer 50% more calcium than traditional dairy milk, while containing less sugar and fewer calories. They remain free from common allergens, such as nuts, soy, and lactose, and come highly recommended by pediatricians. As a unique offering in the plant-based milk category, Ripple caters to families managing dietary sensitivities by providing a nutritional profile that surpasses that of dairy milk.
The alternative protein ingredients market was valued at $23 billion in 2024 and is expected to double by 2030, reflecting a robust shift toward innovative food products. Ripple has demonstrated a successful history of leveraging this consumer trend, achieving consistent double-digit growth in its top line.
In conjunction with the funding announcement, Ripple appointed Becky O’Grady as the new Chief Executive Officer. O’Grady, who has more than 30 years of experience in building and scaling renowned food and consumer brands, previously held key positions at General Mills, including President of Global Häagen-Dazs and Chief Marketing Officer for International. Her extensive background includes a successful tenure as President of Yoplait USA, where she played a crucial role in revitalizing the brand amid tough competition within the yogurt sector.
Having served on Ripple’s Board of Directors for the past five years, O’Grady possesses a deep comprehension of the company’s values and market opportunities. As she assumes her role as CEO, she aims to guide Ripple through its next growth phase, focusing on expanding access to clean-label, allergen-free plant-based nutrition while fostering a healthier and more sustainable food environment.
“This is a pivotal moment for Ripple,” O’Grady stated in a recent release. “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 new funding will support several strategic initiatives, including:
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New Product Launches: Ripple is set to unveil a new line of organic plant-based milks in the first quarter of 2026, tapping into the growing consumer demand for nutrient-dense plant-based protein options that are less processed.
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Consumer and Customer Expansion: The company plans to enhance growth in its high-protein kid and core milk products by improving brand differentiation and increasing retail visibility.
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New Partners and Channels: Ripple aims to expand into foodservice channels while strengthening relationships with major retailers like Target, Whole Foods, and Walmart, where the brand has already established a loyal customer base.
Investment representatives have expressed strong confidence in Ripple’s trajectory. “We 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,” said Melissa Fensterstock of Material Impact.
Ripple’s products are currently available nationwide at leading retailers, including Whole Foods, Target, Kroger, and Walmart, as well as online through their official website. As the company embarks on this new chapter, it aims to continue providing nutritious, tasty, and clean alternatives to dairy for families across the country.
