The oil substitute technology developer is looking to disrupt vegetable oil supply chains with backing from Virgin Group.
US-based sustainable oil producer Zero Acre Farms secured $37m yesterday in a series A round featuring conglomerate Virgin Group as it works toward replacing destructive oil supply chains.
Lowercarbon Capital and Fifty Years co-led the round, which included S2G Ventures, Collaborative Fund, Footprint Coalition Ventures, private investor Dan Barber and undisclosed other participants.
Founded in 2020, Zero Acre Farms is using a fermentation process to produce oils and fats as substitutes for vegetable oils like palm, sunflower, canola and soybean…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
