The Scotts Miracle-Gro Company Launches $50M Venture Capital Fund 1868 Ventures

Scotts Miracle-Gro Company

MARYSVILLE, Ohio, June 25, 2020 (GLOBE NEWSWIRE) — The Scotts Miracle-Gro Company, the world’s leading marketer of branded consumer lawn and garden products, as well as hydroponic and indoor growing products, announced today the launch of 1868 Ventures. The fund is part of the company’s commitment to find innovative ways to meet and exceed the evolving needs of gardeners and professional growers.

1868 Ventures will focus on investments in controlled environment agriculture technologies,  plant genetics, natural and organic alternatives for fertilizers and controls, and sustainable products and packaging. Investments will focus on areas where Scotts Miracle-Gro may be a logical customer or partner, or where the company’s professionals can add value through their expertise in retail distribution, product formulation and development, marketing and branding, and indoor growing products.

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Story excerpt provided by Yahoo Finance.

Written by GlobeNewswire.

Originally published June 25, 2020.

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