# Ripple Foods PBC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ripple-foods-pbc

- Industry: Food
- Headquarters: Berkeley, US
- Website: www.ripplefoods.com/
- Total disclosed funding: $192M
- Latest round: Series E (Aug 5, 2021)
- Investors on record: 15

## About

Founded in 2014 by co-founders Adam Lowry and Neil Renninger, and based in California, US, Ripple Foods, PBC, produces plant-based milk, half & half, protein shakes, and frozen desserts using proprietary technology to extract protein from yellow peas, making their products high in protein and low in sugar. In December 2025, Ripple Foods PBC raised USD 17 million in venture funding from Material Impact and Rich Products Ventures, S2G Ventures, Prelude Ventures, Fall Line Capital, Euclidean Capital and Tao Capital Partners.

Ripple Foods’ product lineup includes a variety of non-dairy milk options, protein shakes, and kids’ drinks, including shelf-stable and on-the-go options. Ripple milk is made from yellow peas, offering a rich source of protein, vitamins, and minerals free from common allergens such as dairy, nuts, and soy. Additionally, the firm offers 8 grams of protein per serving and 50% more calcium than traditional dairy milk.

Ripple generates revenue primarily through direct-to-consumer online sales, retail partnerships with major chains like Whole Foods, Target, Kroger, and Walmart, and expanding foodservice channels. Subscription models such as “Subscribe & Save” and shelf-stable product lines further enhance recurring revenue opportunities.

## Funding rounds

- Series E, Aug 5, 2021, $57M — GV, Prelude Ventures, Fall Line Capital, S2G Ventures, Tao Capital Partners, OurCrowd, Euclidean Capital, Ajax Strategies, Bloom8
- Series D, May 29, 2020, $30M — Inventages Venture Capital, GV, Prelude Ventures
- Series C, Dec 27, 2017, $61M — Khosla Ventures, GV, Prelude Ventures, Goldman Sachs Asset Management, Fall Line Capital, S2G Ventures, Euclidean Capital
- Series B, Jul 7, 2016, $30M — Khosla Ventures, GV, Prelude Ventures, Collaborative Fund, Radicle Impact Partners, S2G Ventures, Tao Capital Partners, Blueberry Ventures
- Series A, Dec 4, 2015, $14M — Khosla Ventures, Prelude Ventures, Radicle Impact Partners, Blueberry Ventures

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A, Series B, Series C
- Prelude Ventures — Series A, Series B, Series C, Series D, Series E
- Radicle Impact Partners (https://capitalatlas.ai/funds/radicle-impact-partners) — Series A, Series B
- Blueberry Ventures (https://capitalatlas.ai/funds/blueberry-ventures) — Series A, Series B
- GV (https://capitalatlas.ai/funds/gv) — Series B, Series C, Series D, Series E
- Collaborative Fund (https://capitalatlas.ai/funds/collaborative-fund) — Series B
- S2G Ventures (https://capitalatlas.ai/funds/s2g-ventures) — Series B, Series C, Series E
- Tao Capital Partners (https://capitalatlas.ai/funds/tao-capital-partners) — Series B, Series E
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series C
- Fall Line Capital (https://capitalatlas.ai/funds/fall-line-capital) — Series C, Series E
- Euclidean Capital — Series C, Series E
- Inventages Venture Capital (https://capitalatlas.ai/funds/inventages-venture-capital) — Series D
- OurCrowd (https://capitalatlas.ai/funds/ourcrowd) — Series E
- Ajax Strategies (https://capitalatlas.ai/funds/ajax-strategies) — Series E
- Bloom8 (https://capitalatlas.ai/funds/bloom8) — Series E