Neutral Foods is a Portland-based carbon neutral food company whose flagship line includes carbon-neutral dairy products sold to retail, food-service, and ingredient customers. The company debuted nationally in 2021 with organic milk and now places products in more than 2,000 grocery stores, including Whole Foods Market, Sprouts, and select Target locations on the U.S. West Coast, as well as regional chains such as Central Market, Earth Fare, Erewhon, Nugget Market, and Haggen. Distribution is handled nationally through United Natural Foods Inc. and KeHE. Management, led by CEO Marcus Lovell Smith, plans to leverage its climate-focused supply chain experience to introduce additional agricultural foods with net-zero greenhouse-gas footprints. To date, Neutral has raised roughly $20 million, including two prior seed rounds totaling about $8 million from Darco Capital and celebrity investors. The fresh Series A capital will support expanded retail penetration and product line extensions geared toward further emissions reductions in the food system.

Total raised

$16M

Funding rounds

2

Latest round

Series A

Latest activity

Sep 2022