Ripple Foods bags new funds and appoints new CEO

US alt-dairy business Ripple Foods has secured $17m in its latest funding round and appointed a new CEO. New investors in the round include Material Impact and Rich Products Ventures, the corporate-venture arm of Rich Products Corporation. Becky O’Grady, who has been a member of Ripple’s board for the past five years, has been named CEO. Existing backers S2G Ventures, Prelude Ventures, Fall Line Capital, Euclidean Capital, Tao Capital Partners and Tim Koogle also participated. The latest round follows ...