FMC, Scotts Miracle-Gro launch new ag-focused venture funds
On the cusp of the start of the annual “AgLaunch Bootcamp” next week comes word of two new ag-focused funds.
- FMC Ventures, a new investment arm of FMC Corporation, is targeting strategic investments in start-ups and early stage companies that are developing and applying emerging technologies in the agricultural industry.
- Scotts Miracle-Gro Company has launched a $50 million venture capital fund named 1868 Ventures that will invest in plant genetics, natural and organic alternatives for fertilizers, sustainable products and packaging and other gardening innovations.
FMC Ventures has made its first investment in Genomics Inc., a start-up that combines DNA sequencing with machine learning that not only explains how soil diseases emerge, but also identifies beneficial microorganisms that can be developed into biological products that counter harmful pathogens. Learn more about it here.
Scotts Miracle-Gro has partnered with Touchdown Ventures, a company that manages venture capital programs, to manage its fund that will make investments from $250,000 to $2.5 million. Learn more here.
