Ripple Foods

Ripple Foods

Ripple's chocolate pea milk
Company type	Private
Industry	Dairy alternatives
Founded	2014
Founders	Adam Lowry Neil Renninger
Headquarters	Emeryville, California
Areas served	Canada and the United States
Products	Pea protein beverage, half & half, Greek-style yogurt
Website	ripplefoods.com

Ripple's original plant-based milk

Ripple Foods is a California-based brand of pea-protein dairy alternative products.^[1] The company was founded in 2014 by Adam Lowry and Neil Renninger in Emeryville, California.^[2]

In 2017, Ripple Foods entered a deal with natural food distributor United Natural Foods to bring their pea protein beverage to the Canadian market.^[3]

Products

At launch, the company sold original, vanilla, and chocolate pea protein beverage products at Whole Foods Market and Target stores in the United States.^[4] The product is made using water, pea protein from powdered yellow peas, cane sugar, sunflower oil, vitamins, preservatives, sea salt, natural flavor and guar gum. The pea protein is separated from the plant's taste and color molecules.^[5] Single-serve bottles and kid's paper cartons were later introduced.

In July 2017, a pea protein half and half was released in original and vanilla.^[6]

A Greek-style yogurt launched in late 2017 and is available in five flavors.^[7]

Pea protein based ice cream and cheese products are planned for release in 2018, according to the company.^[8] Ripple's vegan ice cream received favorable score of 4/5 "Green Stars" for social and environmental impact. ^[9]

Funding

The company started with a $13.6M series A round in order to help fund research and development.^[10]

In July 2016, Ripple Foods raised a $30M series B funding round, led by GV.^[11]

In early 2018, the company raised a $65 million series C funding round.^[12]

References

1. Buhr, Sarah (25 May 2016). "Ripple is a Silicon Valley-based startup making milk from peas". TechCrunch.
2. Buhr, Sarah (25 May 2016). "Ripple is a Silicon Valley-based startup making milk from peas". TechCrunch. Oath Inc. Retrieved 12 December 2017.
3. Watson, Elaine (19 September 2017). "Ripple Foods seeks to disrupt plant-based yogurt category: 'Let's not mince words... some of these products are terrible'". Food Navigator USA. Retrieved 12 December 2017.
4. Pipkin, Whitney (19 January 2018). "A Peas Offering For The Dairy Aisle: Can This Milk Alternative Rival The Real Deal?". National Public Radio. Retrieved 6 February 2018.
5. Kauffman, Jonathan (29 January 2018). "Meat processors among funders for Bay Area alt-meat industry". San Francisco Chronicle. Retrieved 6 February 2018.
6. Peters, Adele (15 June 2017). "Inside The Lab Of The Silicon Valley Startup Making Milk From Peas". Fast Company. Retrieved 12 December 2017.
7. Kramer, Jillian (16 June 2017). "Pea Yogurt Could be Coming to a Grocery Store Near You". Food & Wine. Retrieved 12 December 2017.
8. Krader, Kate (11 September 2017). "For One Silicon Valley Startup, This Vegetable Is the Future of Milk". Bloomberg News. Retrieved 12 December 2017.
9. "Ripple vegan chocolate ice cream – ethical review". 13 October 2021.
10. Clancy, Heather (27 April 2016). "Why Method's co-founder wants you to drink your peas". GreenBiz. Retrieved 12 December 2017.
11. Martin, Scott (7 July 2016). "Ripple Foods Bags $30M Led by GV". The Wall Street Journal. Retrieved 12 December 2017.
12. Troitino, Christina (5 February 2018). "Ripple Foods Raises $65 Million In Funding In A Victory For Plant-Based Milk". Forbes. Retrieved 6 February 2018.