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Cultivation Capital

St. Louis, MOCULTIVATION-CAPITAL
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Dossier Summary

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Classification
Slugcultivation-capital
HQSt. Louis, MO
Stage FocusPrimarily Series A/B enterprise software deals in the $2-…
Intel StatusAccepting submissions
🔥 BERNIE'S HOT TAKE

Cultivation Capital is the definition of regional specialist - they know the Midwest market cold and have genuine operational chops, but their network outside ag-tech and St. Louis can be limiting. Bob Puff is legitimately helpful post-investment and will roll up his sleeves, while Cliff brings real ag-industry connections if that's your vertical. They're not writing the biggest checks, but they're also not going to ghost you when things get tough. If you're building enterprise software and can benefit from Midwest cost structure, they're solid. If you need Silicon Valley connections or consumer expertise, look elsewhere.

KEY TAKEAWAYS
  • Best for: B2B software founders who want hands-on Midwest operators
  • Watch out for: Limited network outside ag-tech and enterprise software
  • Known for: Actually helpful post-investment support and regional market knowledge
Investment Thesis

Cultivation Capital backs B2B software companies in the Midwest, focusing on ag-tech, fintech, and enterprise software. They claim to leverage St. Louis as a cost-effective hub for building scalable businesses.

Stage & Sector Focus

Primarily Series A/B enterprise software deals in the $2-10M range, with heavy emphasis on agricultural technology, financial services software, and Midwest-based B2B SaaS companies

Notable Portfolio
FarmLogsLocusPointBenson HillFlywheelDataSiteEverestIntelligent Medical ObjectsCoolfire
Key Partners
Bob Puff
Managing Director

Former entrepreneur who built and sold multiple software companies. Known for hands-on operational support and strong Midwest network. Founders appreciate his direct communication style.

Cliff Holekamp
Co-Founder & Managing Director

Former Monsanto executive with deep ag-tech expertise. Brings corporate partnership connections but can be slower on non-ag deals. Well-respected in the agribusiness ecosystem.

Andy Clubb
Managing Director

Former Accenture consultant turned VC with focus on enterprise software. Newer to the partnership but brings process discipline and larger market perspective to deal evaluation.

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