Ripple

Ripple

Growth Stage

Plant-based milk

Overview

Funding data not publicly available
Platform

OurCrowd

Start Date

07/31/2022

Close Date

09/12/2022

Min. Goal
$10,000
Max. Goal
$5,560,000
Min. Investment

$10,000

Security Type

Convertible Note

SEC Filing Type

RegD 506(c)

Valuation Cap

$361,000,000

Discount

0%

Year Founded

2015

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Location

Emeryville, California

Ripple, with a valuation of $361 million, is raising funds on OurCrowd through Reg D 506(c) raise. The food company produces a plant-based milk alternative for drinking and making soft serve ice cream. The milk alternative of Ripple has similar taste and nutrition as real cow’s milk and has more protein, less sugar, and less fat than other plant-based substitutes. Ripple products are based on yellow peas and are also a good source of Omega-3. Adam Lowry and Neil Renninger founded Ripple in 2014. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5,560,000. The campaign proceeds will be used for growth and expansion.
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Ripple 09/11/2022 OurCrowd $361,000,000 - Convertible Note Funded RegD 506(c)
Ripple 08/04/2021 OurCrowd $300,000,000 - Equity - Common Funded RegD 506(c)
Ripple 08/30/2020 OurCrowd $150,000,000 - Equity - Common Funded RegD 506(c)
Ripple 10/14/2019 OurCrowd - - Equity - Common Funded RegD 506(c)
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Funding data not publicly available

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Ripple on OurCrowd 2021
Platform: OurCrowd
Security Type: Convertible Note
Valuation: $361,000,000

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