Ripple Foods recently secured $49 million in its latest funding round, marking a resurgence in investment approximately two years after a $57.28 million Series E round. Founded in 2014 by Adam Lowry and Dr. Neil Renninger, the company revolutionised dairy-free products using yellow peas as its primary protein source, introducing a range of plant-based beverages, including non-dairy milk, protein shakes, and a new unsweetened milk for children. CEO Laura Flanagan continues to lead Ripple Foods, which stands out as a substantial VC investment in a women-led business. Chuck Templeton from S2G Ventures joins as a new director after the departure of the former CFO, David Cooper. With a total funding estimated at $268 million by FABID, this recent funding boost elevates competition in the $29 billion global dairy alternatives market, amid rising competition from brands like Oatly, Califia, and NotCo in the U.S. seeking a significant share in the non-dairy space.
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