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Zero Acre Farms has raised $37 million in an oversubscribed Series A round, co-led by Lowercarbon Capital and Fifty Years. Other investors include S2G Ventures, Virgin Group, Collaborative Fund, Robert Downey Jr’s FootPrint Coalition Ventures and chef Dan Barber. The company plans to use the funding to replace destructive vegetable oils, which have a damaging impact on the environment. Zero Acre highlights that more vegetable oils are produced globally than beef, chicken, shrimp and cheese combined. Vegetable oil crops, soybean and palm oil are said to be the top three drivers of global deforestation. Vegetable oil consumption is also linked to health issues such as obesity and heart disease. With the funding, Zero Acre Farms will accelerate the production of a new category of healthy oils and fats, made using a fermentation process. "Fermentation is the original culinary art, after fire," said Jeff Nobbs, co-founder and CEO of Zero Acre Farms. "We use this ancient technique to produce oils and fats with significantly lower levels of the bad fats that have been linked to inflammation and disease while having a fraction of the environmental footprint. We’re proud to be the first company stepping up with the mission to completely remove industrial ‘vegetable’ oils from our food system."