Carbon-neutral company Neutral Foods raises $12m in funding round

US carbon-neutral food company, Neutral Foods, has raised $12 million in a Series A funding round led by Breakthrough Energy Ventures.

Additional investors included Japanese venture capital firm Global Brain, Kirin Holdings Company, Norinchukin Bank and Collaborative Fund.

Debuting nationally in 2021, Neutral Foods offers organic milk products that are now available in over 2,000 grocery stores across the country. The company works directly with dairy farmers to implement strategies to reduce the carbon footprint of its milk products.

Neutral Foods aims to add more grocers to its distribution list throughout the year, and expects to double the number of stores where consumers can find its whole and 2% milk.

The new funds will enable the company “to reach more people and accelerate carbon-neutral foods and technologies,” explained Carmichael Roberts, business lead, investment committee at Breakthrough Energy Ventures.

Anjani Bansal, investment group partner at Global Brain, added: “We are confident in this investment because of the team’s deep expertise in reducing GHG emissions in food production and supply chain and building a large retail business. Neutral has strong traction with major national retail chains and has demonstrated exceptional execution capability.”

Neutral Foods’ carbon-neutral dairy products are available at Whole Foods Market, Sprouts and Target, as well as regional and independent stores across the US.