Venture capital firm Cultivation Capital has launched a new agriculture technology investment fund.
The St. Louis-based investor has established Cultivation Capital AgTech Fund IV LP, according to a recent filing with the U.S. Securities and Exchange Commission. The filing lists the fund's total offering as $20 million and states its first sale has yet to occur.
The regulatory filing says Cultivation Capital has reserved the right to increase the offering up to $25 million. The minimum investment that will be accepted for the fund from outside investors is $250,000, the filing says.
Cultivation Capital declined comment on the new fund. The filing lists several Cultivation Capital executives as managers of the fund, including co-founder and General Partner Kyle Welborn and Martha Schlicher and Grant Pothast, both general partners at the venture firm.
Founded in 2012, Cultivation Capital backs early stage companies in the software, life sciences, agriculture technology and geospatial technology sectors. It has invested in more than 150 companies since its launch. Its agtech investments have included deals with seed technology firm Benson Hill, which became a publicly traded company in 2021; agtech firm CoverCress, which in August 2022 had a majority stake acquired by Bayer AG; and Plastomics, which is developing technology to help plants increase yield and better stave off pests and diseases.
Cultivation Capital in May reported raising $14 million for a new seed investment fund.
