Cultivation Capital, LLC logo

Cultivation Capital, LLC

Multi-stage venture firmSEC venture capital fund adviserRaising· St. Louis, MissouriCULTIVATIONCAPITAL.COM

Cultivation Capital invests in young companies whose ideas have potential to transform the way we live and work.

In the firm's own words, from its website.

Reported fund assets
$416M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
5
Investment team
62
Latest vintage
2026
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (20)Team (74)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

74 additional team members, 34 additional co-investors and affiliates, 32 additional investments, funds and LPs, 75 events, 41 verified contacts (40 professional url, 1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 2 vehicles
    on Form D, 18 months

    $12.8M reported sold so far.

    A Form D is filed when a vehicle takes its first money, so these are open to LPs now.

    FactSEC Form D filingsFor LPs, fund-of-funds, placement agentsVehicles →
  2. 5 companies
    new in 12 months

    5 new companies in the last 12 months. Took 2 board seats on new Form D filings in 90 days (Fenix Space, Westwin Elements).

    A firm writing cheques this quarter is one a founder can pitch now.

    Factfunding announcements, Form D, the firm's portfolio pageInvestments →
  3. 4 companies
    portfolio raising

    4 portfolio companies have new financing on record in 6 months without this firm named on the round; the latest on 8 Sep 2026 ($5M sold on Form D).

    A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.

    FactSEC Form D filingsFor Co-investors, LPs, lendersInvestments →
  4. 1 departure
    people, 12 months

    A team member departed (seen on or before 30 Sep 2026, the day it happened is not on record).

    A partner leaving or arriving changes who decides, and who a founder or LP should call.

    InferenceVenture organization websites (about, team, portfolio, thesis, news pages)Team →

People to know

View all people
  • David Smoller
    Member Of Ccls Manager, Llc
    Why: Named with investment responsibility
    Profile
  • Bobby W. Sandage
    Member Of Cultivation Capital Life Sciences Fund Ii Manager, Llc
    Why: Named with investment responsibility
    No route on file yet
  • Christopher Danforth
    Member Of Ccls Manager, Llc
    Why: Named with investment responsibility
    No route on file yet

Relationship network

109 connected entities18 observed rounds5 repeat counterparties3 dated rounds shown here, 2024 to 2026

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Cultivation Capital, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Cultivation Capital, LLC

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

20 companies on record, 5 new in 12 months
Investments on record
20 companies, 27 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Fenix Space, Inc.board seatunknown · boardDennis Muilenburg (strongly supported)unknownunknownSep 23, 2026Inference Form D
Westwin Elements Incboard seatunknown · boardDennis Muilenburg (strongly supported)unknownunknownSep 22, 2026Inference Form D
VedaPointe, Inc.Form D equity offeringunknown · boardWilliam Schmidt (strongly supported)$4.0M
form d sold
unknownJun 30, 2026Inference Form D
Stated thesis versus observed behaviour
28 observed deals
Stated (the firm’s website)
Sectors
ai, fintech, healthcare, biotech, medtech, climate, logistics, agtech
Stages
seed, series b, early
Geography
midwest
Check size
$250,000 to $3.5M stated by the firm
Self-described
venture capital
Observed (from deals on record)
Stage at participation
seed 100%
Stage at first entry
seed 100%
Sectors
Other Technology 45%unknown 25%Other 10%Other Health Care 10%Agriculture 5%Manufacturing 5%
lead rate 50%follow-on rate 50%new companies, 12 months 5

Team

74 current, 15 departed
Decision makers
who to call first, and why; then everyone else by function
  • David Smoller · Member Of Ccls Manager, Llc
    Why this person: Named with investment responsibility; Confirmed current on the firm's own site 2026-09-30
    LinkedIn or profile link on file (firm website, their bio on the firm's website), confirmed 2026-09-30, confidence 90%
  • Bobby W. Sandage · Member Of Cultivation Capital Life Sciences Fund Ii Manager, Llc
    Why this person: Named with investment responsibility
  • Christopher Danforth · Member Of Ccls Manager, Llc
    Why this person: Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 1 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team
74 current, 15 departed
18 departed (kept with end dates)
  • Bryan Garcia · Trustee Of Bryan D. Garcia Trust · Sep 1, 2015 to Mar 29, 2019 Inference
  • Joel P Brightfield · Trustee Of Joel P. Brightfield Revocable Trust · Dec 1, 2017 to Mar 29, 2019 Inference
  • Allan M. Harari · Member And Managing Director Of Yield Lab Opportunity Gp, Llc · Mar 1, 2019 to Mar 31, 2020 Inference
Contacts
1 firm phone, 40 professional url

1 firm phone, 40 professional url on record, each with its source. Values open with the complete profile.

Funds and LPs

18 vehicles, 0 LPs disclosed
Funds and vehicles
18 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Cultivation Capital AgTech Evergreen Fund, LPFund2026 form d first saleFundraisingunknownunknown$2.8MSep 24, 2026
Cultivation Capital Life Sciences Fund IV, LPFund2025 form d first saleFundraising$6.8M
Jun 9, 2026
15$6.5M
of $40.0M
Mar 26, 2026
Cultivation Capital Seed Fund III, LPSeed fund2024 adv first reportedEarly deployment$14.3M
Jun 9, 2026
19unknownunknown
Limited partners
0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Known LPs and allocators
3 relationships across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
William T Kemper Foundation Commerce Bank of Kansas City N a TFOUNDATIONCultivation Capital Tech Fund II, LLC$384,072
fair value on the foundation's return
reported as of Oct 31, 2024Fact IRS Form 990 / 990-PF e-file returns
William T Kemper Foundation Commerce Bank of Kansas City N a TFOUNDATIONCultivation Capital Tech Fund IV, L.P.$273,166
fair value on the foundation's return
reported as of Oct 31, 2024Fact IRS Form 990 / 990-PF e-file returns
William T Kemper Foundation Commerce Bank of Kansas City N a TFOUNDATIONCultivation Capital Tech Fund III, LP$687,435
fair value on the foundation's return
reported as of Oct 31, 2024Fact IRS Form 990 / 990-PF e-file returns

Relationships across DFX

9 co-investors · on 2 other DFX graphs
Co-investors
9 counted from shared deals, for the whole firm
Across DFX and the capital chainon 2 other DFX graphs · 1 capital path Show
Across DFX
  • The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Across the graphs

Cultivation Capital, LLC is the same institution as 2 records in Allocators and RIA and Wealth.

Allocators1RIA and Wealth1

DFX found 2 relationships across 2 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Checking your plan…

Capital chain

Cultivation Capital, LLC sits on 1 traced path of capital across the graphs.

Allocator commitments to a manager

DFX traced 1 path of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

80 dated events, 90 observations from 4 sources
Timeline
80 dated events
  1. seen on or beforeSep 30, 2026
    Martha Gallagher (Of Counsel) no longer on the team page of Cultivation Capital, LLC
    Person leftPeopleInferenceMartha GallagherFirm website
  2. Jun 9, 2026
    22 of 42 people on Cultivation Capital, LLC's 2024 Schedule A are no longer printed on its 2026-06-09 filing
    Schedule a restructuredPeopleFactForm ADV
  3. Jun 9, 2026
    CC Sentiar, LLC first reported on Form ADV by Cultivation Capital, LLC (Venture Capital Fund), GAV $215,400
    Fund first reported on Form ADVFundsInferenceCC Sentiar, LLCForm ADV
  4. Jun 9, 2026
    Cultivation Capital Life Sciences Fund IV, LP first reported on Form ADV by Cultivation Capital, LLC (Venture Capital Fund), GAV $6,850,000
    Fund first reported on Form ADVFundsInferenceCultivation Capital Life Sciences Fund IV, LPForm ADV
  5. Nov 11, 2024
    Cultivation Capital Agtech Fund IV, LP first reported on Form ADV by Cultivation Capital, LLC (Venture Capital Fund), GAV $3,250,000
    Fund first reported on Form ADVFundsFactCultivation Capital Agtech Fund IV, LPForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Jun 9, 2026 · 17 private fundsShow
Headquarters
St. Louis, MOadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
CULTIVATIONCAPITAL.COM
SEC adviser type
Registered investment adviseradviserinfo.sec.gov
SEC exemption claimed
Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Jun 9, 2026
Private funds reported
17 (17 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$416Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Regulatory AUM
$416Mthe adviser's RAUM, a regulatory measure, never a fund size
Employees
18
Owners on Schedule A
Brian L Clevinger and Vicki a Clevinger Revocable Trust (Member Of Yield Lab Manager, Llc), owns 10% to 25%; Cultivation Capital, LLC (Member Of Cultivation Twain Seed Fund Ii Gp, Llc), owns 50% to 75%; H. Dean Vandekamp Rev. Trust (Member Of Ccls Manager, Llc), owns 10% to 25%
Classification history
Every classification this record has carried2 on recordShow
  1. Sep 23, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $416M
  2. Sep 12, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $309M
Evidence
90 observations from 4 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC funds reportedJun 9, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserNov 11, 2024FactForm ADV
SEC adviser typeRegistered investment adviserJun 9, 2026FactForm ADV
SEC adviser typeRegistered investment adviserJun 9, 2026FactForm ADV
SEC adviser typeExempt reporting adviserNov 11, 2024FactForm ADV
First Form ADV filing2014-02-12Jun 9, 2026FactForm ADV
First Form ADV filing2014-02-12Nov 11, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-06-09Jun 9, 2026FactForm ADV
Latest Form ADV filing2026-06-09Jun 9, 2026FactForm ADV
Latest Form ADV filing2024-11-11Nov 11, 2024FactForm ADV
SEC statusApprovedJun 9, 2026FactForm ADV
SEC status effective2026-05-12Jun 9, 2026FactForm ADV
Venture share of reported funds1Jun 9, 2026FactForm ADV
Venture share of reported funds1Nov 11, 2024FactForm ADV
Business phoneJun 9, 2026FactForm ADV
Business phoneNov 11, 2024FactForm ADV
Contact page urlSep 30, 2026Factno URL
Contact page urlSep 16, 2026Factno URL
DescriptionSep 30, 2026Factno URL
DescriptionSep 16, 2026Factno URL
DescriptionSep 12, 2026Factno URL
Employees18Jun 9, 2026FactForm ADV
HeadquartersSt. Louis, MOJun 9, 2026FactForm ADV
HeadquartersSt. Louis, MONov 11, 2024FactForm ADV
Office addressJun 9, 2026FactForm ADV
Office addressNov 11, 2024FactForm ADV
Self-described typeVenture capitalSep 30, 2026Factno URL
Self-described typeVenture capitalSep 16, 2026Factno URL
Self-described typeVenture capitalSep 12, 2026Factno URL
Legal formLimited Liability CompanyJun 9, 2026FactForm ADV
Legal formLimited Liability CompanyNov 11, 2024FactForm ADV
Portfolio pageSep 30, 2026Factno URL
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 12, 2026Factno URL
Private funds reported17Jun 9, 2026FactForm ADV
Private funds reported17Jun 9, 2026FactForm ADV
Private funds reported15Nov 11, 2024FactForm ADV
Private fund gross assets (reported)$416MJun 9, 2026FactForm ADV
Private fund gross assets (reported)$416MJun 9, 2026FactForm ADV
Private fund gross assets (reported)$309MNov 11, 2024FactForm ADV
Regulatory AUM (adviser, not fund size)$416MJun 9, 2026FactForm ADV
Schedule a diffsadiff-1Jun 9, 2026FactForm ADV
Stated check (high)$3.5MSep 30, 2026Factno URL
Stated check (high)$3.5MSep 16, 2026Factno URL
Stated check (high)$3.5MSep 12, 2026Factno URL
Stated check (low)$250,000Sep 30, 2026Factno URL
Stated check (low)$100,000Sep 16, 2026Factno URL
Stated check (low)$100,000Sep 12, 2026Factno URL
Stated geographymidwest
“geography words on the home page”
Sep 30, 2026Factno URL
Stated geographymidwest
“geography words on the home page”
Sep 16, 2026Factno URL
Stated geographymidwest
“geography words on the home page”
Sep 12, 2026Factno URL
Stated sectorsAI, fintech, healthcare, biotech, medtech, climate, logistics, agtech
“sector words on the home page”
Sep 30, 2026Factno URL
Stated sectorsFintech, healthcare, biotech, medtech, climate, logistics, agtech
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorsFintech, healthcare, biotech, medtech, climate, logistics, agtech
“sector words on the home page”
Sep 12, 2026Factno URL
Stated stagesSeed, series b, early
“stage words on the home page”
Sep 30, 2026Factno URL
Stated stagesSeed, series b, early
“stage words on the home page”
Sep 16, 2026Factno URL
Stated stagesSeed, series b, early
“stage words on the home page”
Sep 12, 2026Factno URL
Team pageSep 30, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 12, 2026Factno URL
Venture funds reported17Jun 9, 2026FactForm ADV
Venture funds reported17Jun 9, 2026FactForm ADV
Venture funds reported15Nov 11, 2024FactForm ADV
WebsiteJun 9, 2026FactForm ADV
WebsiteNov 11, 2024FactForm ADV
Site titleSep 30, 2026Factno URL
Site titleSep 16, 2026Factno URL
Site titleSep 12, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmedShow
Importance
64
high
Active deployment
79
high
Emerging
0
low
Freshness
100
high
Multi-stage venture firmSEC registered investment adviser

Both early and growth/opportunity families, reported GAV $416M

The inputs behind each score
importance
gav: 0.49 · funds: 1 · people: 1 · investments: 0.54 · co investors: 0.39
active deployment
investments 12m: 0.63 · fund raising 18m: 1 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-09-23
emerging manager
fund count: 18 · reported gav: $416M · first adv filing: 2014-02-12 · years since first filing: 12.6

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Fits

83 scored matches, best firstas of
  • score 72.3confidence 100%
    Why: sector fit; stage fit; activity; analogous
    Watch: adjacent portfolio
  • score 59.3confidence 100%
    Why: sector fit; stage fit; activity; analogous
    Watch: adjacent portfolio
  • score 55.8confidence 100%
    Why: sector fit; stage fit; activity; analogous
    Watch: adjacent portfolio

+80 more scored matches

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.

Record history

2 dated events on the change ledger, latest event first
  • Schedule a restructured
    2026-06-09source on record
  • Adviser's first ADV filing
    2014-02-12source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.