By: Isabelle Elizondo On: September 18, 2023 In: Comments: 0

NZGIF has made a $2.5 million equity investment in Ruminant BioTech (RBT), an innovative agri-tech company that has developed a sustained release methane inhibitor for livestock which is designed to achieve significant methane reductions.

This investment will help accelerate the growth of a company developing decarbonisation solutions for our largest emitting sector – agriculture.

The investment has also attracted significant private co-investment, with NZGIF investing alongside several domestic and offshore investors as part of a recent capital raise conducted with assistance from Northington Partners. Co investors include the US-based climate-focused VC fund Regeneration.VC and the NZ-based Centre for Climate Action Joint Venture investment fund.

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