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St. Louis-Based Cultivation Capital Bags Half Of Third Tech VC Fund, Filings Show

St. Louis-based recently filed with the SEC indicating that it has raised at least $25.5 million out of a targeted $50 million for a third tech-focused venture capital fund. The paperwork indicates that [t]he issuer is offering $50 million but has reserved the right to offer up to $100 million.

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The firm has added its first female general partner, a St. Louis-area corporate development veteran who has worked with , , and, most recently, to the fund. Other individuals listed on the filing include Cultivation Capitals managing partner and general partners , , , and .

Even if Cultivation Capital closes just $50 million for Cultivation Capital Tech Fund III, L.P., it would be among the largest such funds the firm raised since its inception in 2012.

Cultivation Capital apparently began raising Tech Fund III shortly after announcing two new funds earlier this summer.

According to , the venture firm raised (out of a targeted $40 million) for and (out of a targeted $30 million) for back in May.

In addition to its sector-focused funds in life sciences and general technology, the firm raised to invest in local St. Louis startups and at (out of an authorized $100 million) for over the past year.

Recently, the firm led for and participated in digital marketing platform s . This month, it participated in cybersecurity startup s .

According to 蹤獲弝け data, from the firms portfolio have managed to find an exit. A number of Cultivation Capitals portfolio companies have been acquired this month. These M&A exits include and s of , both for undisclosed sums. Additionally, bought medical device maker which had been a portfolio company .

St. Louiss tech market moves along at a decent clip. Cultivation Capital is poised to capitalize on the favorable exit multiples enjoyed by Midwestern startups and, more broadly, the Midwests growing startup ecosystem.

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