About Cultivation Capital
Cultivation Capital is a venture capital firm founded in 2012. It is primarily based out of St. Louis, United States. As of Aug 2026, Cultivation Capital is an active investor, having invested in 165 companies, with 4 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Food and Agriculture Tech and High Tech. Most recently it participated in the $***** Seed round of Shelfmark Overall, Cultivation Capital portfolio has seen 2 unicorns, 3 IPOs and 35 acquisitions including key companies like Upside, WellSky and Gainsight. A lot of funds co-invest with Cultivation Capital, with names like BioGenerator sharing a substantial percentage of its portfolio. Cultivation Capital has team of 32 people including 19 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 4 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
Cultivation Capital's List of Top Investments
Cultivation Capital has a portfolio of 165 companies, including 2 unicorns. Their most notable investments are in Emplify and Monitaur Ai.Their portfolio spans across United States, Canada, Australia and 7 more locations. They have invested in Enterprise Applications, Food and Agriculture Tech, High Tech and 26 other sectors, across stages such as Series A, Seed and 4 more. Here is the list of top investments by Cultivation Capital:
1. Upside
Provider of digital platforms facilitating cash back for consumer purchases. This service enables individuals to receive financial rebates on transactions made at participating retailers. Users link payment cards to the application to track spending and claim rewards on eligible transactions. The system processes these rebates for transfer to bank accounts or conversion into retail gift cards.
Key facts about Upside
- Founded Year: 2016
- Location: Washington, DC (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $250M
- Employee Count: 428 as on Sep 30, 2026
- Investors: Capital One Ventures, DCVC and 17 Others
- Latest Funding Round: Series D, Apr 26, 2022, $*****
- Highlight: Editors' Pick
2. CloudBeds
Provider of a platform for hospitality operations, distribution, and marketing. The platform offers property management, payment processing, and channel management. It also provides tools for guest communication, digital check-in, and revenue intelligence. The platform integrates with various partners and offers customer support resources.
Key facts about CloudBeds
- Founded Year: 2012
- Location: San Diego (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $253M
- Employee Count: 792 as on Sep 30, 2026
- Investors: Pittco, SoftBank Vision Fund and 17 Others
- Latest Funding Round: Series D, Nov 03, 2021, $*****
- Highlight: Editors' Pick
3. WellSky
Provider of a health care management platform for providers and patients. It provides performance management and information software systems for acute, non-acute, community-based care, healthcare providers, accountable care organizations, and others. It also offers scheduling software for enterprises, long-term care plans, and behavioral health management.
Key facts about WellSky
- Founded Year: 1980
- Location: Overland Park (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $1.66M
- Employee Count: 2,485 as on Sep 30, 2026
- Investors: Leonard Green and Partners, Georgian and 5 Others
- Latest Funding Round: Unattributed, Jul 20, 2020, $*****
- Highlight: Acquired
4. Gainsight
Gainsight is a customer success management solution that helps subscription-based businesses to drive their customer success initiatives, manage retention, reduce churn, and grow revenue by uncovering up-sell opportunities. Leverages big data analytics across sales data, usage logs, support tickets, surveys, and other sources of customer intelligence. Monetizes through subscription-based pricing plans.
Key facts about Gainsight
- Founded Year: 2009
- Location: San Francisco (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $187M
- Employee Count: 1,144 as on Sep 30, 2026
- Investors: Sprout Capital Partners, Founders Circle Capital and 18 Others
- Latest Funding Round: Series E, May 09, 2017, $*****
- Highlight: Acquired
5. Geneoscopy
Developer of non-invasive biomarker tests for colorectal cancer. The flagship assay analyzes stool samples for a panel of disease-associated mRNA biomarkers using a proprietary diagnostic algorithm to detect colorectal cancer. The company plans that its assay will be used to screen patients in need of a more invasive colonoscopy.
Key facts about Geneoscopy
- Founded Year: 2015
- Location: St. Louis (United States)
- Stage: Series C
- Total Funding till date: $219M
- Employee Count: 80 as on Sep 30, 2026
- Investors: Innovatus Capital Partners, PavLyfe and 18 Others
- Latest Funding Round: Series C, Jan 08, 2025, $*****
- Highlight: Editors' Pick
Cultivation Capital's Year-on-Year Investment Trends
Cultivation Capital has invested in 165 companies over the last 14 years, with an average of 7 new investments annually in the last 10 years. In 2025, it made 5 investments, while as of Aug 2026, it has made 5 investments in this year. Its most recent first time investment was in Shelfmark and most recent follow-on round was in Hydrosat.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 1 | 5 |
2025 | 5 | 0 | 5 |
2024 | 1 | 2 | 3 |
2023 | 5 | 5 | 10 |
2022 | 7 | 2 | 9 |
2021 | 9 | 12 | 21 |
2020 | 10 | 6 | 16 |
2019 | 13 | 4 | 17 |
2018 | 6 | 4 | 10 |
2017 | 5 | 4 | 9 |
Cultivation Capital's Investments by Stage
Cultivation Capital has made 48 investments in Series A stage with an average round size of $6.09M, 41 investments in Seed stage with an average round size of $2.25M and 5 investments in Series B stage with an average round size of $16.7M.Stage of entry | No. of Investments |
|---|---|
Series A | 48 |
Seed | 41 |
Series B | 5 |
Angel | 1 |
Series C | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Cultivation Capital's Investments by Sector
Cultivation Capital has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Vertical SaaS, HealthTech and FinTech. Notably, it has invested in 147 Tech companies, 139 Enterprise (B2B) companies, 99 Software companies and at least 66 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 60 |
High Tech | 19 |
Vertical SaaS | 18 |
HealthTech | 14 |
FinTech | 12 |
Others | 80 |
Note: We have considered here, only first round of investments
Cultivation Capital's Investments by Geography
Cultivation Capital has made most investments in United States (89), followed by Australia where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 89 |
Australia | 2 |
Argentina | 1 |
Canada | 1 |
Denmark | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
Cultivation Capital's recent investments
Cultivation Capital has made 5 investments in 2026 so far. Shelfmark and Forceequals are the latest among them.Here are the most recent investments by Cultivation Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 05, 2026 | United States | Seed | 1415 | ||
Feb 06, 2026 | United States | Seed | 9342 | - | |
Jan 15, 2026 | United States | Seed | 7977 | [+3] | |
Jan 15, 2026 | United States | Series B | 5855 | [+7] | |
Jan 05, 2026 | United States | Series A | 6521 | [+7] |
Unicorns in Cultivation Capital's Portfolio
Cultivation Capital has 2 unicorns in its portfolio - Upside and BitSight. The most recent unicorn in their portfolio is Upside. It became a unicorn in 2022, 4 years before Cultivation Capital first invested in it.Here is a list of unicorns in Cultivation Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
79 | Provider of digital platforms facilitating cash back for consumer purchases | 2016 | Washington, DC | Series D | c{auvnv | ||
67 | Provider of cyber risk intelligence and exposure management solutions powered by AI | 2011 | Boston | Series E | xooojv{ |
IPOs and Publicly Listed companies in Cultivation Capital's Portfolio
3 of Cultivation Capital's portfolio companies have become public. Galera got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Nov 2019 at marketcap of $301M and Mateon Therapeutics got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ).Here are Cultivation Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 08, 2019 | - | - | 5235 | |
Jun 23, 2016 | - | - | 7470 | |
- | Apr 22, 2014 | Series A | 7866 |
Acquired companies in Cultivation Capital's Portfolio
35 companies from Cultivation Capital's portfolio have been acquired. The most recent acquisition was Notch in Jul 2026 by Telpay for $*****.Here are Cultivation Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 07, 2026 | - | - | 4158 | |
Dec 20, 2025 | - | - | 8600 | |
Jun 18, 2025 | Aug 19, 2022 | Seed | 9100 | |
Jun 02, 2025 | Mar 19, 2019 | Series A | 3318 | |
Apr 09, 2025 | Apr 11, 2018 | Series A | 6416 |
Team profile of Cultivation Capital
Cultivation Capital has a team of 32 members including 19 Partners and 4 Principals located in United States. Cultivation Capital's team sits on the board of 2 companies.Here is a list of top team members in Cultivation Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | St. Louis | - | ||
Partner | St. Louis | - | ||
Partner | Greenville | - | ||
Partner | Saint Louis | - | ||
Partner | St. Louis | - | ||
Partner | St. Louis | - | - | |
Partner | St. Louis | - | ||
Partner | Saint Louis | - | ||
Partner | Chicago | - | ||
Partner | Fort Lauderdale | - |
Co-investors of Cultivation Capital
Over the past 14 years, 528 investors have co-invested in Cultivation Capital's portfolio companies. This includes funds and angels.
- Invested before Cultivation Capital: Capital Innovators, Arch Grants and 120 others have invested in rounds before Cultivation Capital. There are 9 companies where Capital Innovators has invested before Cultivation Capital and 8 companies where Arch Grants has invested before Cultivation Capital.
- Top Co-investors of Cultivation Capital: 212 investors entered a company along with Cultivation Capital. These include investors like BioGenerator (5 companies).
- Invested after Cultivation Capital: A total of 194 investors have invested in Cultivation Capital's portfolio after their investments. Top Investors include HHS (3 companies), FINTOP (3 companies) and Serra Ventures (3 companies).
Recent News related to Cultivation Capital
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Shelfmark Raises $3.5 Million in Seed Funding to Advance Physical AI PlatformThe SaaS News•Aug 06, 2026•Armory Square Ventures, Shelfmark, Argon Ventures, Grand Ventures and 2 others
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Bluprynt Announces Oversubscribed $4.25M Seed Round to Scale its Compliance OS for Onchain FinanceGlobal Fintech Series•Feb 27, 2026•https://bluprynt.com, Selah Ventures, Flourish, Valor Capital Group and 8 others
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Force Equals Inc Raises $2.2M Series Seed Round Led by Cultivation Capitalintelligence360•Feb 20, 2026•Forceequals, Cultivation Capital
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Hydrosat Secures €51 Million to Advance Thermal Satellite Tech for Water and Agricultural Risk ManagementEU-Startups•Jan 15, 2026•Hartree Partners, Hydrosat, Axiom Space, https://www.subutai.vc/ and 6 others
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RouteSense Secures ~$2M in Pre-Seed Funding for Predictive Analytics in PaymentsPR Newswire•Jan 15, 2026•Redbud VC, Mizzou, Cultivation Capital, Service Provider Capital and 2 others
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Array Labs Raises $20M to Scale Radar Manufacturing, Prepare for LaunchPR Newswire•Jan 06, 2026•Array Labs, Washington Harbour Partners, Catapult Ventures, Y Combinator and 10 others
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Ruminant Biotech Secures $9.5M Series A to Advance Methane-Reduction SolutioniGrow News•Nov 26, 2025•Company Hub -, Ruminant BioTech, AgriZero, Marex and 1 other
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Ibi Ag completes $10 million series A round led by CortevaStock Screener•Nov 11, 2025•IBI-Ag, Corteva Agriscience, The Trendlines Group, Syngenta Group and 6 others
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Lena Health Secures $2M in Seed Funding for AI-Powered Care CoordinationHIT Consultant•Apr 23, 2025•Lena, Emergent Ventures, Cultivation Capital, TMC Venture Fund
