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UMKC Innovation Center
By
January 20, 2016

Spotlight on Cultivation Capital

Cultivation Capital, the St. Louis-based venture capital firm that has helped support dozens of local startups, followed up a record-breaking 2014 (in terms of dollars invested and total deals) with another banner year in 2015.

But perhaps even more encouraging for the future of the firm’s pipeline, Cultivation reviewed more than 1,250 potential deals, more than double what it reviewed in 2014.

According to Brian Matthews, the firm’s co-founder and managing partner, Cultivation invested more than $11.3 million into 23 companies in 2015 — both single-year highs for the venture capital firm that has its office in the Downtown T-REX incubator at 911 Washington Ave.

Since being founded in 2012, Cultivation has pumped $32 million into 35 startups. Those startups have gone on to create nearly 1,000 jobs, about half of which are in St. Louis, and raise a total of $463 million from venture capitalists across the country.

When broken down by fund, Cultivation invested $4.77 million into nine companies through its Tech Fund I; $3 million into eight companies and one accelerator through its Life Sciences fund; and $3.6 million into four companies and two accelerators through its Tech Fund II.

Some of Cultivation’s larger deals in 2015 include LockerDome’s $10 million raise; Vasculox’s $8.1 million financing; and Host Analytics’ $25 million funding round.

Cultivation retains Polsinelli as its legal team and BDO, formerly Stone Carlie as its accounting provider. The firm uses Bank of America for its banking services.

In February 2015, Cultivation Capital got started on raising money for a planned $40 million Tech Fund II, which will invest mostly in financial services technology startups and likely bring an additional 20 startup companies into the firm’s portfolio, by raising $4.75 million.

Cultivation is also starting raise to $75 million for a new financial services fund, with about a third of that expected to be raised by the end of this summer.

(Article reposted from http://www.bizjournals.com/stlouis/blog/biznext/2016/01/cultivation-capital-increased-investments-40.html)

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