Fundraising Fox

Ripple Foods

Berkeley, US · Incorporated in Delaware · 11 known investors

Ripple Foods makes plant-based milk, shakes, and half & half products from yellow peas, marketed as sustainable alternatives to dairy and other plant-based milks. The company targets consumers seeking environmentally-friendly protein-rich beverages and breakfast products.

Also known as Ripple · Ripple Foods

Founders & leadership

AL
Adam LowryCo-founder
DNDr. Neil Renninger
Dr. Neil RenningerCo-founder

Investors · 11

Reported raises · per SEC filings

Form D private placements

$278.9M disclosed across 8 rounds · 2015–2024

$10.8MraisedApr 2024 · 15 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Beth Potillo-MillerExecutive Officer
  • Andy WheelerDirector
  • Neil RenningerDirector
  • Chuck TempletonDirector
  • Tim KoogleDirector
  • Becky O'GradyDirector
  • Adam LowryExecutive Officer, Director
  • Laura FlanaganExecutive Officer, Director
  • Gabriel KraDirector
Offering amount
$10.9M
Amount sold
$10.8M
First sale
Mar 2024
Incorporated
Other, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$49.2MraisedNov 2023 · 59 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Laura FlanaganExecutive Officer, Director
  • Tim KoogleDirector
  • Chuck TempletonDirector
  • Andy WheelerDirector
  • Neil RenningerDirector
  • Adam LowryExecutive Officer, Director
  • Gabriel KraDirector
  • Becky O'GradyDirector
Offering amount
$55.4M
Amount sold
$49.2M
First sale
Feb 2023
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$57.3MraisedAug 2021 · 18 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Adam LowryExecutive Officer, Director
  • Gabriel KraDirector
  • Laura FlanaganExecutive Officer, Director
  • David CooperExecutive Officer
  • Neil RenningerDirector
  • Andy WheelerDirector
  • Tim KoogleDirector
  • Becky O'GradyDirector
Offering amount
$61M
Amount sold
$57.3M
First sale
Aug 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$55.8MraisedOct 2020 · 15 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Seth GoldmanDirector
  • Gabriel KraDirector
  • Adam LowryExecutive Officer, Director
  • Neil RenningerDirector
  • Tim KoogleDirector
  • Laura FlanaganExecutive Officer, Director
  • David CooperExecutive Officer
  • Andy WheelerDirector
  • Becky O'GradyDirector
Offering amount
$55.8M
Amount sold
$55.8M
First sale
May 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$11.9MraisedFeb 2019 · 10 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Neil RenningerExecutive Officer, Director
Offering amount
$15M
Amount sold
$11.9M
First sale
Dec 2018
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$60.8MraisedJan 2018 · 15 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Gabriel KraDirector
  • Andy WheelerDirector
  • Seth GoldmanDirector
  • Tim KoogleDirector
  • Neil RenningerExecutive Officer, Director
  • Adam LowryExecutive Officer, Director
Offering amount
$65M
Amount sold
$60.8M
First sale
Dec 2017
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$19.4MraisedJul 2016 · 9 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Seth GoldmanDirector
  • Gabriel KraDirector
  • Andy WheelerDirector
  • Neil RenningerExecutive Officer, Director
  • Adam LowryExecutive Officer, Director
Offering amount
$30M
Amount sold
$19.4M
First sale
Jun 2016
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$13.6MraisedDec 2015 · 17 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Adam LowryExecutive Officer, Director
  • Neil RenningerExecutive Officer, Director
Offering amount
$13.6M
Amount sold
$13.6M
First sale
Nov 2015
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Ripple Foods is a plant-based food and beverage company that produces dairy alternatives built around pea protein. Its product line, as presented on its own website, includes Ripple Milk (8g protein per serving), Ripple Kids milk (8g protein plus DHA), plant-based protein shakes (20g protein per serving), shelf-stable half & half, and coffee-oriented products such as a shelf-stable Barista Milk marketed for use in lattes and other coffee drinks. Milks are offered in original, unsweetened original and shelf-stable formats, and shakes in chocolate and vanilla flavors.

The company positions its products nutritionally against dairy and other plant-based milks, citing USDA National Nutrient Database (Legacy, April 2018) figures to compare protein, sugar and calcium content per cup of Ripple Original milk with dairy, almond and oat milks. Marketing on the site also emphasizes suitability for children with allergies and dairy-free recipe applications such as lattes, matcha and chai.

Business model

Ripple Foods sells packaged plant-based beverages both through retail distribution and directly to consumers via an e-commerce store on its own website, where products are sold in multi-unit packs (for example 6-packs of 32 oz milk and 12-packs of 12 oz protein shakes). The site offers a subscription option with a 10% discount and free shipping on orders over $70, and includes a "Become A Retailer" channel for wholesale partners.

Revenue comes from product sales of packaged plant-based milks, kids' milks, half & half and protein shakes, priced on the company's own store between roughly $31 and $38 per multi-pack, through both one-time purchases and recurring subscriptions.

Full profile — market position, technology, go-to-market, geography

Market position

Ripple Foods competes in the dairy-alternative beverage category against dairy milk and other plant-based milks such as almond and oat, positioning itself on higher protein and calcium content per serving.

The company differentiates on protein content and nutritional profile relative to competing plant-based milks, presenting per-cup comparisons in which Ripple Original milk provides 8g of protein and 440mg of calcium versus 1g of protein for almond milk and 2g for oat milk, and lower sugar than dairy milk. It also emphasizes simple ingredient lists and dairy-free formulations for allergy-sensitive consumers.

Technology

Products are formulated around plant-derived protein used to replicate the nutritional and sensory characteristics of dairy, including shelf-stable milk, half & half and barista milk formats, and a kids' milk fortified with DHA.

Go-to-market

Dual-channel distribution: retail placement at grocery stores across the United States and Canada, supported by a store locator, alongside direct online sales with subscribe-and-save pricing, email list signup incentives (10% off first order) and social media engagement encouraging customer-generated content tagged to @RippleFoods.

Consumers seeking dairy-free beverages, including households with children (a dedicated Ripple Kids line with added DHA), people avoiding dairy for allergy reasons, protein-shake buyers, and coffee drinkers seeking non-dairy creamers and barista milk. Retailers are also addressed directly through a wholesale sign-up path.

Geography

Products are sold at retail stores across the United States and Canada, with direct-to-consumer shipping via the company's online store.

Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Calcium per cup, Ripple Original milkApr 2018440 mg
Protein per cup, Ripple Original milkApr 20188 g
Protein per serving, Ripple plant-based protein shakeJan 202520 g

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Founder mafia

2 people who came through Ripple Foods went on to found or lead other companies.

Competitors · 4

by search overlap

Companies competing with Ripple Foods for the same Google search keywords, organic and paid, via search-intersection analysis.

Legal entities · 1

corporate structure
Ripple FoodsDelaware

In the news

Research sources · 1

primary sources listed

1 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Ripple Foods do?
Ripple Foods sells pea-protein-based dairy alternatives including milks, kids' milks, half & half and protein shakes.
Who founded Ripple Foods?
Ripple Foods was founded by Adam Lowry, Dr. Neil Renninger.
Who are Ripple Foods's investors?
Ripple Foods's investors include Bloom8, Evolution VC Partners, GroundForce Capital, Material Impact, Prelude Ventures, Radicle Impact, S2G Investments, Sand Hill Angels and 3 more.
How much funding has Ripple Foods raised?
Ripple Foods has disclosed $278.9M raised across 8 rounds.
Where is Ripple Foods headquartered?
Ripple Foods is headquartered in Berkeley, US.