Home / Business and Economy / Ripple Foods Secures $17M, Names New CEO
Ripple Foods Secures $17M, Names New CEO
3 Dec
Summary
- Ripple Foods obtained $17 million in recent funding.
- Becky O'Grady, a five-year board member, is the new CEO.
- Funds will support organic milk launch and foodservice expansion.
Ripple Foods has successfully closed a $17 million funding round, welcoming new investors such as Material Impact and Rich Products Ventures. This financial boost signifies strong confidence in the plant-based dairy alternative market. The company also announced the appointment of Becky O'Grady as its new Chief Executive Officer, who brings extensive experience from her previous roles, including leadership positions at General Mills.
With this new capital, Ripple Foods is set to accelerate its innovation pipeline. Key initiatives include the planned launch of an organic line of plant-based milks in the first quarter of 2026. Furthermore, the company aims to broaden its market presence by expanding into foodservice channels, catering to a wider array of consumer and business needs.
The strategic move under new leadership and with fresh investment positions Ripple Foods for significant growth. The company, known for its pea-protein-based dairy alternatives, will focus on expanding its product offerings and customer base, aiming to solidify its position in the competitive plant-based protein sector.
