CVC funding 09/04/18

Coinbase announced the launch of Coinbase Ventures- an early stage fund that will invest in the digital currency ecosystem. According to Emilie Choi, Head of Corporate and Business Development at Coinbase, the fund won’t make it a strategic requirement to formalize partnerships with it’s future portfolio companies, and will focus instead on spurring development of the ecosystem. Read more here.

Instacart has just raised a further $350M in it’s latest Series E funding, following a $200M round two months ago. Instacart is backed by Whole Foods (Amazon) and American Express, and this latest round was led by Coatue Management. Read more here.

Pharma-giant Bayer Crop Science has just partnered with UC Davis to launch CoLaborator- an agtech focused accelerator.This follows in the footsteps of the pharma company’s Bayer Trendlines Ag Innovation Fund established in late 2016. Read more here.

Salesforce¬†is the latest enterprise tech company to be hedging on blockchain. Co-founder Benioff didn’t disclose any details, but announced Salesfroce would have a blockchain-ready product by Dreamforce in September this year. Read more here.

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