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Vegan Pea-Milk Brand Raises $65 Million in Funding

Two-year-old company Ripple Foods has raised a total of $110 million to expand its popular vegan pea-based milk products.

California-based vegan brand Ripple Foods announced this week that it closed a $65 million capital funding round. A number of large investment firms participated in the round, including top financial institution Goldman Sachs. "We are proud to invest in a company that has one of the fastest-growing plant-based product lines," Kathy Elsesser, Goldman Sachs global chair of consumer retail and health-care groups, told Bloomberg. Ripple—which makes plant-based dairy alternatives from its proprietary yellow pea protein Ripptein—debuted at retailers such as Whole Foods Markets and Target in 2016. Last year, Ripple—which has raised $110 million in investment capital to date—launched vegan Greek yogurt, child-friendly vegan milk, and plant-based half & half, and is currently developing vegan ice cream.

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Tyson to Launch Plant-Based Meal Bowls

The meat company is disrupting itself to stay competitive as consumer habits shift toward animal-free foods.
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Pregnant Sisters Launch Vegan Dessert Sushi Brand

Vegan Rice Krispies Treats stand-in for sushi rice, and gelatin-free candies replace fish in creations made by sisters Kasia Mierzejewska and Emilia Augustyn for their allergen-free brand Sweet Sushi Factory.
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PG Tips Creates New Tea Aimed at Vegan Consumers

The nearly 90-year-old tea brand formulated a new blend that pairs perfectly with plant-based milk.
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Australia's First Vegan Hotel Restaurant Opens in March

New eatery Alibi—featuring a menu developed by vegan restaurateur Matthew Kenney—will occupy the ground floor of Ovolo Hotel in Sydney.
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Miami's Plant-Based SEED Food & Wine Festival Debuts in LA

SEED and Eat Drink Vegan will join forces this year to bring an epic vegan festival to Los Angeles.
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This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

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