Ripple Foods has secured $17 million in new financing and appointed longtime board member Becky O’Grady as its new Chief Executive Officer, marking a significant leadership and capital infusion milestone for the Emeryville-based company. The funding round includes new participation from Material Impact and Rich Products Ventures, joined by continued support from S2G Ventures, Prelude Ventures, Fall Line Capital, Euclidean Capital, Tao Capital Partners, and Tim Koogle.
Ripple Foods has built its market position around allergen-free, high-protein, plant-based milks and shakes made from yellow peas. Each serving contains up to 20 grams of protein, which is higher than in other major nondairy milks, and provides 50 percent more calcium than dairy milk, with less sugar and fewer calories. The company’s products contain no nuts, soy, or lactose and are recommended by pediatricians, attributes that have positioned Ripple as a preferred option for families managing dietary sensitivities.
The alternative protein ingredients sector was valued at $23 billion in 2024 and is projected to more than double by 2030 as demand for novel ingredients and sustainable nutrition sources grows. Ripple Foods has consistently capitalized on this momentum, delivering double-digit sales growth and expanding its presence across major retail channels.
The appointment of O’Grady follows her five years of service on Ripple’s board. She brings more than three decades of leadership at major consumer brands, including over twenty years at General Mills, where she served as President of Global Häagen-Dazs and Chief Marketing Officer for International. She previously served as President of Yoplait USA, where she helped guide the yogurt brand’s turnaround.
Ripple Foods plans to use the new capital to advance multiple strategic initiatives. The company is preparing to launch a new line of organic plant-based milks in the first quarter of 2026, aimed at meeting consumer demand for clean-label, nutrient-dense options rather than ultra-processed alternatives. It will also accelerate growth in its core and high-protein kid-focused product lines by strengthening brand differentiation, expanding visibility, and increasing retail distribution. The company is also entering foodservice channels to complement its existing presence at major retailers, including Whole Foods, Target, Kroger, and Walmart.
KEY QUOTES:
“This is a pivotal moment for Ripple. 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.”
Becky O’Grady, Chief Executive Officer, Ripple Foods
“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. On a human note, Ripple’s products provide a wonderful solution for the millions of families struggling to find a nutritious, tasty, and clean alternative to dairy.”
Melissa Fensterstock, Material Impact
