Schreiber Foods helps fund Brightly food waste reduction credit calculations

Credit: Schreiber Foods
Brightly, a climate-tech startup transforming food waste into carbon credits to fund food rescue organisations, has closed an oversubscribed US$2.3 million seed round. The round was led by Schreiber Foods, a global food company based in the US, with additional support from G-Force, Collaborative Fund, Clear Current Capital, and Windsail Capital.
Brightly’s mission is to combat food waste, food insecurity, and climate change by quantifying and monetising methane emissions avoided when non-profit food rescue organisations (FROs) divert edible food from landfills to feed communities in need. Methane, a greenhouse gas with 80 times the warming power of carbon dioxide, is released when food waste decomposes in landfills. Through its approach, Brightly creates high-quality, food waste-based carbon credits that food producers, manufacturers, and retailers can purchase to offset their emissions.
“Food rescue organisations are the unsung heroes in the fight against climate change and hunger. Their work not only feeds those in need but also prevents harmful methane emissions,” said Andy Levitt, CEO and founder of Brightly. “With visionary partners like Schreiber Foods, we’re creating a financial infrastructure that empowers these organisations to scale their impact and nurture a more sustainable future.”
Schreiber Foods’ investment highlights its dedication to methane reduction and sustainable practices. “As a dairy company, we’re deeply committed to addressing our environmental impact. Brightly’s innovative approach to reducing food waste and avoiding emissions aligns perfectly with our sustainability goals,” said Blair Tritt, vice president, corporate ventures and partnerships at Schreiber Foods.
Brightly’s proprietary AI-powered platform calculates methane emissions avoided by food rescue activities using robust datasets, including USDA and EPA resources. These credits will generate funding for FROs, enabling them to rescue more food, feed more people and prevent even greater volumes of methane from entering the atmosphere.
The 18-month-old startup addresses two pressing global challenges: hunger and the climate crisis. Food waste is the largest single contributor to US landfills, releasing methane emissions equivalent to those produced by approximately 20 million passenger vehicles annually. (source) Meanwhile, food insecurity affects more than 47 million Americans, including 14 million children, who face uncertainty about their next meal. (source).
“Brightly is tackling two of the world’s most urgent issues – climate change and food insecurity – with an innovative and scalable solution,” added Louis Warner, partner at G-Force, the pre/seed climate tech investment programme powered by Founders Factory. “Their ability to create value for both food rescue organizations and corporate partners is truly impressive, and we’re proud to support their mission.”
For more information, visit brightly.earth or contact [email protected]