BERKELEY, Calif., Sept. 21, 2021 /PRNewswire/ — Ripple Foods, the premier chief within the plant-based dairy various house, introduced immediately, a $60 million Collection E funding spherical led by Rage Capital, Ajax Methods, and S2G Ventures, in addition to further key traders together with OurCrowd, GV, Prelude Ventures, Euclidean, Fall Line Capital, and Tao Capital Companions.
It is no secret that the plant-based meals class is rising quickly; the trade noticed surges of as much as $7 billion in 2020 alone. In keeping with present trade experiences, SPINS and Nielsen present unprecedented development within the dairy various market with Ripple (+20%) outpacing the class (+6%) by 3x, a robust indication that Ripple’s protein-packed merchandise are most well-liked by customers. Touting the very best loyalty within the plant-based milk class, the model has seen its new innovation, Ripple Children, obtain great success because the primary new product within the class at retailers together with Whole Foods Market and Target.
“Ripple’s development is outpacing the class by 3x, and we’re well-positioned to additional speed up that development,” mentioned Laura Flanagan, CEO of Ripple Meals. “This capital increase will allow us to speed up innovation and development throughout product classes, and develop into new channels and world markets. It permits us to additional obtain our mission of creating plant-based meals which are higher for folks, and higher for the planet, on a fair bigger scale.”
Different dairy choices together with almond, cashew, and oat boast diet panels that pale compared to the protein-packed choices from Ripple. Setting the next normal past grams of protein, Ripple additionally has half the sugar of dairy milk and 50% extra calcium. Greater than only a diet label, sustainability is on the forefront of Ripple’s mission. It requires practically 6x extra water to get the identical quantity of protein from almond milk than it does from Ripple. Whereas opponents depend on manufacturing strategies that negatively influence the surroundings, Ripple continues to place the planet first with eco-conscious manufacturing and manufacturing practices.
“Our funding with Ripple helps its continued development and success within the milk aisle and its upcoming innovation in new product classes,” mentioned Chuck Templeton, Managing Director of S2G Ventures. “Ripple is a transparent chief in plant-based dairy options, and we’re excited to help this staff of confirmed trade veterans as they proceed to scale the enterprise.”
“There are only a few merchandise within the plant-based enviornment that supply customers a no-compromise proposition like Ripple: nice style, nice diet and nice for the surroundings,” mentioned Gabriel Ruimy, Rage Capital’s Managing Accomplice. “There’s a enormous demand for high-quality Ripple merchandise all over the world, and we look ahead to serving to Ripple enter new markets as they turn out to be the go-to various to dairy for customers in every single place.”
Ripple’s portfolio of merchandise consists of Plant-Based mostly Milk, Children Milk, Protein Shakes, Frozen Desserts, and extra. For extra info on Ripple Meals, please go to ripplefoods.com or be a part of the plant-based dialog with @ripplefoods on Instagram and Fb.
About Ripple Meals
Berkeley-based Ripple Meals is a pacesetter in creating modern and scrumptious dairy-free merchandise. Utilizing protein from yellow peas, Ripple Meals creates creamy and protein-filled merchandise like Plant-Based mostly Milk, Protein Shakes, Half & Half, and Frozen Desserts. Ripple delivers on each high-quality style and diet. It is what dairy-free ought to be – great-tasting and nourishing whereas leaving a small footprint on the planet. Sustainably produced and utilizing considerably much less water than dairy and different dairy options, Ripple is constructed on the reality that even the smallest actions can have far-reaching impacts. For extra info go to: www.ripplefoods.com and be a part of the plant-based dialog with @ripplefoods on Instagram and Fb.
Lisa Mullen, Energy Digital Advertising and marketing
SOURCE Ripple Meals