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Ripple Foods Raises $60 Million In Series E Funding, “Outpacing” Alt Dairy Category 3X – vegconomist

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September 22, 2021

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Alt dairy startup Ripple Foods has introduced a $60 million Sequence E funding spherical, exceeding capital increase objectives. The Berkeley-based model develops dairy-free, protein-packed merchandise whereas leaving a smaller footprint on the planet. 

Based in 2014 by Adam Lowry and Neil Renniger, Ripple Meals uses protein from sustainably produced yellow peas, claiming to make use of considerably much less water than dairy and different dairy options. Ripple’s present portfolio of merchandise contains Plant-Based mostly Milk, Children Milk, Protein Shakes, Frozen Desserts. Ripple additionally boasts half the sugar of dairy milk and 50% extra calcium.

Ripple Foods
© Ripple Meals

In response to the model, Ripple touts the best loyalty within the plant-based milk class, with its new product vary, Ripple Children, attaining success because the primary new product within the class at retailers together with Whole Foods Market and Target. In response to present business stories, the alt dairy market is experiencing unprecedented development at +6%, whereas Ripple is outpacing the class by 3 instances with +20% development. 

“Ripple’s development is outpacing the class by 3x, and we’re well-positioned to additional speed up that development,” said Laura Flanagan, CEO of Ripple Meals. “This capital increase will allow us to speed up innovation and development throughout product classes, and increase into new channels and world markets.  It permits us to additional obtain our mission of creating plant-based meals which might be higher for folks, and higher for the planet, on a good bigger scale.”

 



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