Ripple Foods bags new funds and appoints new CEO
Yahoo Finance·2025-12-03 10:55

Funding and Leadership Changes - Ripple Foods has secured $17 million in its latest funding round, with new investors including Material Impact and Rich Products Ventures [1] - Becky O'Grady, a board member for five years, has been appointed as the new CEO [1][3] - Existing investors such as S2G Ventures, Prelude Ventures, Fall Line Capital, Euclidean Capital, Tao Capital Partners, and Tim Koogle also participated in this funding round [1] Historical Funding Rounds - The recent funding follows a $49.2 million round completed in December 2023 [2] - Previous funding rounds include $57.3 million in Series E (2021), $55.8 million in Series D (2020), and $65 million in Series C (2018) [2] Product Offerings and Market Position - Ripple Foods specializes in dairy alternatives made from yellow pea protein, offering products like plant-based milks and protein shakes [2] - The company claims its products are gluten-free, 100% vegan, certified non-GMO, and free from nuts, lactose, and soy [2] - Each serving of its milks and shakes provides up to 20 grams of plant-based protein, which is claimed to be more than any other leading non-dairy milk [3] Strategic Plans and Market Expansion - O'Grady emphasized the company's focus on launching innovative products, increasing consumer penetration, and expanding customer reach [4] - Ripple plans to use the new funds to launch a line of organic plant-based milks in Q1 2026 and expand into foodservice channels [4] - Retailers carrying Ripple's products include Whole Foods, Target, Kroger, and Walmart [5] Investor Sentiment - Investors express confidence in Ripple Foods, highlighting the leadership of O'Grady and the company's focus on revenue growth and profitability in the plant-based protein market [5]

Ripple Foods bags new funds and appoints new CEO - Reportify