Scotts Miracle-Gro gets into the venture capital business with a $50 million fund, because it’s 2020
https://techcrunch.com/2020/06/29/scotts-miracle-gro-gets-into-the-venture-capital-business-with-a-50-million-fund-because-its-2020/
Scotts Miracle-Gro, the lawn care and fertilizer giant that has opened up a secondary business as a pioneer in cannabis and hemp cultivation, is launching a $50 million corporate venture capital fund called1868 Ventures.
Is it strange that a fertilizer company would commit to a $50 million fund to invest in two to three startup companies per year over the next few years? It’s 2020, folks, nothing makes sense.