GOLDMAN SACHS INVESTS IN PEA MILK BEVERAGE STARTUP RIPPLE FOODS

 
Goldman Sachs invests in plant protein startup Ripple. 
 

Unless your head has been in the sand the past year you've probably noticed an explosion in the popularity of plant-based milks. Demand doesn't seem to be slowing anytime soon with the global plant milk market expected to top $16B in 2018.

Goldman Sachs Group Inc just participated in a $65 million investment in Ripple Foods, a new beverage company that makes milk from peas. The Silicon Valley start-up was founded in 2014 and launched its pea milk in Whole Foods a year later. 

Ripple's secret weapon, Ripptein, is a protein made through a unique process that extracts the pea protein without all the funky flavor often found in other plant-based proteins. The result is almost pure protein.   

Besides being allergy friendly, Ripple milks pack an impressive 8 grams of protein per cup. They also make a creamy Greek yogurt and rumor has it Ripple's founders are working on a line of ice creams. Pass the peas.

We are proud to invest in a company that has one of the fastest-growing plant-based product lines.
— Kathy Elsesser of Goldman Sachs

Photo Credit: Ripple

BusinessChris Lambrou