Cultivation Capital, LLC
SEC-registered investment adviser.
- HQ
- MO
Cultivation Capital, LLC invests in young companies whose ideas have potential to transform the way we live and work. The firm lists a group of general partners, operating partners, principals, partners, and venture advisors. One portfolio company, TruAgents, is an AI communications platform that lets regulated enterprises talk with customers through AI-powered conversations across email, SMS, and phone.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Seed, Series A, Series B | Not enough dated deals | Seed, Series A |
| Sectors | AI applications, Data analytics, Fintech, Healthtech, Digital health, Biotech, Medical devices, Life sciences and research tools, Agtech | Not enough dated deals | Enterprise SaaS, Biotech, Healthtech, Data analytics, Fintech, AI applications, Medical devices, Media |
| Regions | US | Not enough dated deals | MO, CA |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2010 | 1 | Enterprise SaaS, Healthtech |
| 2011 | 1 | Media |
| 2012 | 9 | Media, AI applications, Enterprise SaaS |
| 2013 | 9 | Enterprise SaaS, Govtech, Media |
| 2014 | 19 | Biotech, Enterprise SaaS, Healthtech |
| 2015 | 22 | Enterprise SaaS, Biotech, Data analytics |
| 2016 | 22 | Biotech, Enterprise SaaS, Data analytics |
| 2017 | 14 | Enterprise SaaS, Fintech, Biotech |
| 2018 | 15 | Biotech, Ecommerce, Healthtech |
| 2019 | 24 | Enterprise SaaS, Healthtech, Data analytics |
| 2020 | 8 | Enterprise SaaS, Healthtech, AI applications |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2010 | 0 | 1 | 0 | 0 | 0 |
| 2011 | 0 | 1 | 0 | 0 | 0 |
| 2012 | 1 | 6 | 0 | 1 | 0 |
| 2013 | 0 | 5 | 2 | 1 | 0 |
| 2014 | 0 | 6 | 7 | 1 | 0 |
| 2015 | 0 | 4 | 6 | 2 | 0 |
| 2016 | 0 | 3 | 5 | 2 | 0 |
| 2017 | 0 | 4 | 5 | 2 | 1 |
| 2018 | 0 | 4 | 4 | 2 | 0 |
| 2019 | 1 | 6 | 10 | 1 | 0 |
| 2020 | 0 | 2 | 3 | 0 | 1 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 0 |
| 2026 | 0 | 0 | 0 | 0 | 0 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Cultivation Capital Life Sciences Fund IV, LP Cultivation Capital invests in young companies whose ideas have the potential to transform the way people live and work. It invests from Series Seed through Series B, across life sciences and health tech, software and IT, agriculture tech, Midwest seed stage, and geospatial tech. Inferred from the firm's website | 2025 | $6.5M to $40M (Form D) | Raising |
| Cultivation Capital AgTech Fund IV, L.P. Cultivation Capital invests in young companies whose ideas have the potential to transform the way people live and work. It invests from Series Seed through Series B, across life sciences and health tech, software and IT, agriculture tech, Midwest seed stage, and geospatial tech. Inferred from the firm's website | 2024 | $3.5M to $20M (Form D) | Open, writing first checks |
| Cultivation Capital Tech Fund IV, LP Cultivation Capital invests in young companies whose ideas have the potential to transform the way people live and work. It invests from Series Seed through Series B, across life sciences and health tech, software and IT, agriculture tech, Midwest seed stage, and geospatial tech. Inferred from the firm's website | 2022 | $54.75M to $100M (Form D) | Late investment period |
| Cultivation Twain Seed Fund II, L.P. | approx. 2021 | $12.8M (Form D) | Follow-ons only |
| Cultivation Capital Geospatial Tech Fund I, L.P. | 2021 | $22.65M to $50M (Form D) | Follow-ons only |
| Healthcare Innovation Fund, L.P. | 2020 | $10.38M to $25M (Form D) | Follow-ons only |
03 · People across funds
- Andrew Dearing, Managing director of the Issuer.
Cultivation Capital Geospatial Tech Fund I, L.P. (Named on Form D)
- Barry Sandweiss, General Partner
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Named on Form D); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Brian Matthews, Cofounder & General Partner
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Named on Form D); Cultivation Twain Seed Fund II, L.P. (Named on Form D); Cultivation Capital Geospatial Tech Fund I, L.P. (Named on Form D); Healthcare Innovation Fund, L.P. (Team)
- Catherine Matthes, Venture Advisor
Cultivation Capital Life Sciences Fund IV, LP (Named on Form D); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Team); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Clifford Holekamp, Managing Director of the Issuer.
Cultivation Capital Tech Fund IV, LP (Named on Form D); Cultivation Twain Seed Fund II, L.P. (Named on Form D)
- David Narrow, Venture Advisor
Cultivation Capital Life Sciences Fund IV, LP (Named on Form D); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Team); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Elise Hoffman, Managing director of the Issuer.
Healthcare Innovation Fund, L.P. (Named on Form D)
- Grant Pothast, General Partner
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Named on Form D); Cultivation Capital Tech Fund IV, LP (Team); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Heather Wood, General Partner
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Named on Form D); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Joel Crater, General Partner
Cultivation Capital Life Sciences Fund IV, LP (Named on Form D); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Team); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- John True, General Partner
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Named on Form D); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Named on Form D); Healthcare Innovation Fund, L.P. (Team)
- Kyle Welborn, Cofounder & General Partner
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Named on Form D); Cultivation Capital Tech Fund IV, LP (Team); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Marc Hirshman, Managing Director of the Issuer.
Cultivation Twain Seed Fund II, L.P. (Named on Form D)
- Mark Bakken, Managing director of the Issuer.
Healthcare Innovation Fund, L.P. (Named on Form D)
- Martha Schlicher, General Partner
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Named on Form D); Cultivation Capital Tech Fund IV, LP (Team); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Matthew Badler, Managing Director of the Issuer.
Cultivation Twain Seed Fund II, L.P. (Named on Form D)
- Paul Weber, General Partner
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Named on Form D); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Scott Addonizio, General Partner
Cultivation Capital Life Sciences Fund IV, LP (Named on Form D); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Team); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Sean Morris, General Partner
Cultivation Capital Life Sciences Fund IV, LP (Named on Form D); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Team); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Taha Jangda, Managing director of the Issuer.
Healthcare Innovation Fund, L.P. (Named on Form D)
- Timothy Stern, General Partner
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Named on Form D); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- William Schmidt, Managing director of the Issuer.
Cultivation Capital Life Sciences Fund IV, LP (Named on Form D); Healthcare Innovation Fund, L.P. (Named on Form D)
- Andy Dearing, General Partner
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Team); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Bill Schmidt, General Partner
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Team); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Bobby Sandage, Operating Partner
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Team); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Cliff Holekamp, Cofounder & General Partner
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Team); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- David Smoller, Operating Partner
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Team); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Dennis Muilenburg, Venture Advisor
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Team); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Elise Miller Hoffman, Operating Partner
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Team); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Kristina Hood, Principal
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Team); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Matt Phimphavong, Principal
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Team); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Paul Meier, Partner
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Team); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Rick Ryan, Operating Partner
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Team); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Scott Herman, Venture Advisor
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Team); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Will Cadell, Venture Advisor
Cultivation Capital Life Sciences Fund IV, LP (Team); Cultivation Capital AgTech Fund IV, L.P. (Team); Cultivation Capital Tech Fund IV, LP (Team); Cultivation Twain Seed Fund II, L.P. (Team); Cultivation Capital Geospatial Tech Fund I, L.P. (Team); Healthcare Innovation Fund, L.P. (Team)
- Caleb Eidem, General Counsel
On the team page, not linked to a fund
- Kyle Kerns, CFO and Operations Lead
On the team page, not linked to a fund
- Verlensia Bates, Accounting and Operations Coordinator
On the team page, not linked to a fund
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
- HTTPS://WWW.CULTIVATIONCAPITAL.COM
- https://cultivationcapital.com/
- https://cultivationcapital.com/team/
- https://cultivationcapital.com/news/
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026