US' pea-based milk maker Ripple Foods raises $60 million

Berkeley-based Ripple Foods, which makes yellow pea-based dairy products, on Tuesday said that it has raised $60 million in new funding. The Series E round was led by Rage Capital, Ajax Strategies and S2G Ventures. Founded in 2014 by Neil Renninger and Adam Lowry, the startup also produces plant-based protein shakes, half and half milk, and frozen desserts.