# Cultivation Capital: portfolio, investments and team

> Cultivation Capital is a vc firm based in United States. 169 investments on record, 10 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/cultivation-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Cultivation Capital

Last cheque observed Oct 2026; 169 cheques on record.

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Deploying now New fund $2.8M, Sept 2026 VC firm

Pre-seed Seed Series A Agriculture Agricultural-tech In Vitro Diagnostics

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Deploying now

**43%** of best year **10** **cheques in 12 months**, 169 on record

Since the last cheque **10** days **00** hrs **00** min **00** sec

Median round **$4.4M** Cheque size, as they say **$100K – $5.0M** Rounds led **5 of 169** Sole investor **34 rounds** Exits **2 from the portfolio** Mostly in **United States, 93%**

Pitch Cultivation Capital

## Cultivation Capital highlights

- 01 10 cheques in the last 12 months
- 02 Mostly Seed and Venture: 63% of its rounds
- 03 Sole investor in 34 rounds, median $2.0M
- 04 2 exits from the portfolio

## What they do

> Cultivation Capital invests in young companies whose ideas have potential to transform the way we live and work. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $5.0M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Agriculture Agricultural-tech In Vitro Diagnostics
- **Based in:** St. Louis, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **169 appearances**

- **2026** 9 rounds
- **Oct** **[TruAgents](https://millionrounds.com/company/truagents)** Seed · US · Cultivation Capital **$3.4M** With 3 others
- **Sept** **[Noise](https://millionrounds.com/company/noise)** Seed · US · Cultivation Capital **$7.2M** With 3 others
- **Sept** **[Hydrosat](https://millionrounds.com/company/hydrosat)** Series B · US · Cultivation Capital **$10M** With 3 others
- **Apr** **[SimpliFed](https://millionrounds.com/company/simplifed)** Series A · US **$11M** Sole investor
- **Feb** **[Force Equals](https://millionrounds.com/company/force-equals)** Seed · US **$2.2M** With 2 others
- **Feb** **[Bluprynt](https://millionrounds.com/company/bluprynt)** Seed · US **$4.3M** With 3 others
- **Jan** **[FinOpsly](https://millionrounds.com/company/finopsly)** Seed · US **$6.4M** With 3 others
- **Jan** **[RouteSense](https://millionrounds.com/company/routesense)** Pre-seed · US **$2.0M** With 1 other
- **Jan** **[Array Labs](https://millionrounds.com/company/array-labs)** Series A · US **$20M** With 4 others
- **2025** 21 rounds
- **Dec** **[Detect Auto](https://millionrounds.com/company/detect-auto)** Seed · US **$2.9M** With 2 others
- **Oct** **[My FLiiP](https://millionrounds.com/company/my-fliip)** Debt · CA **$1.5M** With 4 others
- **Oct** **[Ascribe Bioscience](https://millionrounds.com/company/ascribe-bioscience)** Series A · US **$12M** With 3 others
- **Oct** **[Battle Financial](https://millionrounds.com/company/battle-financial)** Venture · US **$75M** Sole investor
- **Sept** **[Sweetspot](https://millionrounds.com/company/sweetspot)** Seed · US **$1.0M** With 1 other
- **Aug** **[Avol Aerospace](https://millionrounds.com/company/avol-aerospace)** Seed · US **$3.8M** With 1 other
- **Aug** **[FinLocker](https://millionrounds.com/company/finlocker)** Venture · US **$1.0M** With 3 others
- **Jul** **[Solis Agrosciences](https://millionrounds.com/company/solis-agrosciences)** Series A · US **$1.3M** Sole investor
- **Jun** **[Paytient](https://millionrounds.com/company/paytient)** Series C · US **$40M** With 7 others
- **May** **[CodeBuddy](https://millionrounds.com/company/codebuddy)** Seed · US **$873K** With 2 others
- **May** **[Reconstruct](https://millionrounds.com/company/reconstruct)** Venture · US **Undisclosed** With 3 others
- **Apr** **[Rosy Wellness](https://millionrounds.com/company/rosy-wellness)** Venture · US **Undisclosed** With 2 others
- **Apr** **[Lena Health](https://millionrounds.com/company/lena-health)** Seed · US **$2.0M** With 5 others
- **Apr** **[OpsLab](https://millionrounds.com/company/opslab)** Seed · US **$4.0M** With 2 others
- **Feb** **[Kangarootime](https://millionrounds.com/company/kangarootime)** Venture · US **$2.7M** With 3 others
- **Feb** **[Fifth Eye](https://millionrounds.com/company/fifth-eye)** Venture · US **Undisclosed** With 1 other
- **Feb** **[Fixposition](https://millionrounds.com/company/fixposition)** Venture · CH **Undisclosed** With 3 others
- **Feb** **[ReturnLogic](https://millionrounds.com/company/return-logic)** Venture · US **$366K** With 4 others
- **Jan** **[Be My Eyes](https://millionrounds.com/company/be-my-eyes)** Series A · US · AlleyWatch **$6.1M** With 8 others
- **Jan** **[Geneoscopy](https://millionrounds.com/company/geneoscopy)** Series C · US **$105M** With 1 other
- **Jan** **[Matic Insurance](https://millionrounds.com/company/matic-insurance)** Venture · US **$30M** With 2 others
- **2024** 14 rounds
- **Dec** **[Parsec Education](https://millionrounds.com/company/parsec-education)** Series A · US **$8.0M** Sole investor
- **Dec** **[Element451](https://millionrounds.com/company/element451)** Growth · US **$175M** With 1 other
- **Oct** **[DemandJump](https://millionrounds.com/company/demandjump)** Venture · US **$2.1M** With 2 others
- **Oct** **[VedaPointe](https://millionrounds.com/company/vedapointe)** Seed · US **$2.7M** Sole investor
- **Oct** **[Iconic Moments](https://millionrounds.com/company/iconic-moments)** Venture · US **Undisclosed** With 1 other
- **Sept** **[SATIM](https://millionrounds.com/company/satim)** Venture · PL **Undisclosed** With 3 others
- **Sept** **[Threater](https://millionrounds.com/company/threater)** Venture · US **Undisclosed** With 5 others
- **Jun** **[Numerated](https://millionrounds.com/company/numerated)** Venture · US **Undisclosed** With 3 others
- **May** **[FinLocker](https://millionrounds.com/company/finlocker)** Series B · US **$17M** With 1 other
- **May** **[Monitaur](https://millionrounds.com/company/monitaur)** Series A · US **$6.0M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **24 named**

AR **Andrew Robert Dearing** Member and Managing Director of Geospatial Tech Fund I GP, LLC i Form ADV

BO **Barry Owen Sandweiss** Manager of Tech Fund III GP, LLC, the issuer's general partner, and managing director i Filing they signed

BW **Bobby W. Sandage** Member of Cultivation Capital Life Sciences Fund II Manager, LLC i Form ADV

BL **Brian L Clevinger** Member and Managing Director of Yield Lab Global Opportunity GP, LLC i Form ADV

BL **Brian Lloyd Matthews** Manager of Tech Fund III GP, LLC, the issuer's general partner, and managing director i Filing they signed

CD **Carol D. Matthews** Member and Manager of Prosper Startup Accelerator Manager, LLC i Form ADV

CM **Catherine Matthes** Managing director i Filing they signed

CB **Christopher B. Danforth** Mr. Danforth is a control person of the Issuer's managing entity i Filing they signed

CK **Clifford Kent Holekamp** Manager of Tech Fund III GP, LLC, the issuer's general partner, and managing director i Filing they signed

DA **David A. Smoller** Member of Cultivation Capital Life Sciences Fund II Manager, LLC i Form ADV

DN **David Narrow** Managing director i Filing they signed

DV **Dean VandeKamp** Mr. VandeKamp is a control person of the Issuer's managing entity i Filing they signed

DM **Dennis Muilenberg** Holder of An Economic Interest in Geospatial Tech Fund I GP, LLC i Form ADV

DO **Drew Oconnor Dennison** Member of Cultivation Capital, LLC i Form ADV

EM **Elise Miller Hoffman** Member and Managing Director of Healthcare Innovation GP, LLC i Form ADV

GP **Grant Pothast** Member and Managing Director of Agtech Fund IV GP, LLC i Form ADV

HL **Heather Lynn Wood** Manager of Tech Fund III GP, LLC, the issuer's general partner, and managing director i Filing they signed

JP **James P. Tobin** Member and Managing Director of Yield Lab Manager II, LLC i Form ADV

JP **James Patrick Kavanaugh** Member of Cultivation Capital, LLC i Form ADV

JD **Jennifer D. Ehlen** Member of Prosper Startup Accelerator Manager, LLC i Form ADV

JE **Jim E. McKelvey** Manager of CC FinTech GP, LLC, the Issuer's general partner i Filing they signed

JC **Joel Crater** Managing director i Filing they signed

JD **John David True** Manager of Tech Fund III GP, LLC, the issuer's general partner, and managing director i Filing they signed

JF **Jonathan Fritz** Member and Managing Director of Healthcare Innovation GP, LLC i Form ADV

We also hold **78** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$416M** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Cultivation Capital, LLC
- **SEC number:** CRD 168734

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[Upside](https://millionrounds.com/company/upside)** Bought by [Envestnet](https://millionrounds.com/fund/envestnet) **Undisclosed** Feb 2015

**[Yurbuds](https://millionrounds.com/company/yurbuds)** Bought by Harman International Industries **Undisclosed** Jun 2014

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$2.8M**

raised in Sept 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$4.4M** the round, not its cheque Alone, median **$2.0M**

Led 5 of 169 rounds **3%**

- **Said size:** $100K – $5.0M
- **Sole investor:** 34 rounds
- **Last cheque:** Oct 2026
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Seed said *52*
- Venture *44*
- Series A said *36*
- Series B said *16*
- Series C *4*
- Pre-seed said *-*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Arch Grants](https://millionrounds.com/fund/arch-grants) 9
- [SixThirty](https://millionrounds.com/fund/sixthirty) 9
- [Stout Street Capital](https://millionrounds.com/fund/stout-street-capital) 8
- [Clifford Holekamp](https://millionrounds.com/fund/clifford-holekamp) 6
- [Techstars](https://millionrounds.com/fund/techstars) 6
- [The Yield Lab](https://millionrounds.com/fund/the-yield-lab) 6

**Pitching Cultivation Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Cultivation Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Arch Grants** Government **9** rounds together](https://millionrounds.com/fund/arch-grants)[**SixThirty** Accelerator **9** rounds together](https://millionrounds.com/fund/sixthirty)[**Stout Street Capital** VC firm **8** rounds together](https://millionrounds.com/fund/stout-street-capital)[**Clifford Holekamp** Angel **6** rounds together](https://millionrounds.com/fund/clifford-holekamp)[**Techstars** VC firm **6** rounds together](https://millionrounds.com/fund/techstars)[**The Yield Lab** VC firm **6** rounds together](https://millionrounds.com/fund/the-yield-lab)[**BioGenerator** Venture studio **5** rounds together](https://millionrounds.com/fund/biogenerator)[**M25** VC firm **5** rounds together](https://millionrounds.com/fund/m25)[**Right Side Capital Management** VC firm **5** rounds together](https://millionrounds.com/fund/right-side-capital-management)[**SaaS Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/saas)[**St. Louis Arch Angels** Angel network **5** rounds together](https://millionrounds.com/fund/st-louis-arch-angels)[**Allos Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/allos-ventures)

## Recently backed

The latest companies Cultivation Capital put money into.

[**TruAgents** $3.4M · Oct 2026](https://millionrounds.com/company/truagents)[**Noise** $7.2M · Sept 2026](https://millionrounds.com/company/noise)[**Hydrosat** $10M · Sept 2026](https://millionrounds.com/company/hydrosat)[**SimpliFed** $11M · Apr 2026](https://millionrounds.com/company/simplifed)[**Force Equals** $2.2M · Feb 2026](https://millionrounds.com/company/force-equals)[**Bluprynt** $4.3M · Feb 2026](https://millionrounds.com/company/bluprynt)

## Mentioned on podcasts

Episodes that name Cultivation Capital in their description, not their title.

- [The Silicon Valley Podcast](https://millionrounds.com/podcasts/the-silicon-valley-podcast) 30 Apr 2020 · 49 min 037 What is an Entreprenuer with Square Co-founder Jim Mckelvey Mentions [Cultivation Capital](https://millionrounds.com/fund/cultivation-capital)[Jack Dorsey](https://millionrounds.com/fund/jack-dorsey)[Jim McKelvey](https://millionrounds.com/fund/jim-mckelvey) *+1* Apple PodcastsShow page

## Quick answers about Cultivation Capital

### What does Cultivation Capital invest in?

Cultivation Capital invests most often at Seed and Venture (63% of the rounds on record), in sectors such as Agriculture, Agricultural-tech and In Vitro Diagnostics.

### How active is Cultivation Capital?

169 investments on record, 10 of them in the last 12 months, and it led 5. The most recent was in Oct 2026.

### What has Cultivation Capital invested in recently?

Its most recent investments on record: TruAgents (Seed, Oct 2026), Noise (Seed, Sept 2026) and Hydrosat (Series B, Sept 2026).

### How big are Cultivation Capital's cheques?

The median round it joins is $4.4M. It says it writes cheques of $100K to $5.0M.

### Does Cultivation Capital lead rounds?

Sometimes: it led 5 of its 169 investments on record (3%).

### Where does Cultivation Capital invest?

Most of the companies it backs are in the United States (93%).

### Is Cultivation Capital investing now?

Yes: it is actively investing, with 10 investments in the last 12 months.

### Who does Cultivation Capital invest alongside?

Most often Arch Grants (9 rounds together), SixThirty (9 rounds together) and Stout Street Capital (8 rounds together).

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