Global Brain is thrilled to invest in Neutral Foods, Inc. (Neutral), the first carbon neutral foods company in the US, through its GB-VIII Growth Fund Investment Limited Partnership (GB-VIII), KIRIN HEALTH INNOVATION FUND, and Norinchukin Innovation Fund L.P. (NCIF). Breakthrough Energy Ventures is the lead investor in this round. Neutral rigorously measures carbon footprint of products across production and entire supply chain from farm to fridge. It then works with farmers to develop and continuously improve strategies to reduce carbon footprint of their operations. Neutral is a unique company that is directly addressing growing consumer demand for mitigating climate change through their daily choices. Food supply chains and agriculture account for 37% of all greenhouse gas emissions driving climate change. Neutral is focused on food categories that account for 80% of this impact in the US. Its product basket includes organic whole milk, which is already available in stores, and products such as beef, butter, cheese, pork, poultry and eggs to be added over the next two years. The company has strong traction with major national retail chains and is rapidly increasing supply of its products in stores across the US. It is also reaching customers through online grocery delivery services. Neutral is clearly the first entrant and market leader in this category of products. It is building a powerful brand that aligns with values of growing number of consumers concerned with climate change. Its playbook of interventions and technologies for reducing GHG emissions strongly positions it to scale up operations while providing affordable choices to consumers. Neutral has an experienced core team which has demonstrated exceptional execution capability. We are confident in this investment because of the team’s expertise in reducing GHG emissions in food production and supply chain, and their capability of building a large retail business. We see strong potential for international growth and are excited by the scale that Neutral can achieve which is necessary to stop and reverse climate change.

About Neutral

Location: Delaware, US
CEO: Marcus Lovell Smith
Founded: March 2021
URL: https://www.eatneutral.com/

About GB-VIII

Name: GB-VIII Growth Fund Investment Limited Partnership
General Partner: Global Brain Corporation

About KIRIN HEALTH INNOVATION FUND

Name: KIRIN-GB Fund I L.P.
General Partner: Global Brain Corporation
Fund Size: JPY 5 billion
Fund Term: 10 years

About NCIF

Name: Norinchukin Innovation Fund L.P.
General Partner: Global Brain Corporation

About Global Brain

Location: Tokyo, Japan
Representative: Yasuhiko Yurimoto
Founded: January 1998
URL: https://globalbrains.com/

Global Brain has invested in Neutral Foods, Inc., the first carbon neutral foods company in the US with a mission to decarbonize food industry