Female-Led Ripple Foods Raises $49M Amid Soaring Pea Milk Category

Ripple Foods, a female-led US pea milk maker, has secured $49.2M in its latest funding round, bringing the total investment in the company to over $274M. The company, founded in 2014 by two men and currently led by a female CEO, Laura Flanagan, has positioned itself as a leader in the alt-dairy sector by offering plant-based milk and protein shakes made from yellow peas. The latest funding round follows a previous $60M Series E raise in 2021, and will enable the company to accelerate innovation and expand into new markets.

Despite recent fluctuations in the pea milk market, Ripple Foods remains a top player in the industry, with its pea milk outpacing both conventional dairy and overall plant-based dairy sectors in terms of sales growth. The company's focus on health and sustainability, as well as its unique pea protein technology that creates a clean-tasting product, positions it well for continued growth and success in the alt-dairy sector.