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St. Louis-based recently filed with the SEC indicating that it has raised at least $25.5 million out of a targeted $50 million for a third tech-focused venture capital fund. The paperwork indicates that 鈥淸t]he issuer is offering $50 million but has reserved the right to offer up to $100 million.鈥�

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The firm has added its first female general partner, 鈥攁 St. Louis-area corporate development veteran who has worked with , , and, most recently, 鈥攖o the fund. Other individuals listed on the filing include Cultivation Capital鈥檚 managing partner and general partners , , , and .

Even if Cultivation Capital closes just $50 million for 鈥淐ultivation Capital Tech Fund III, L.P.,鈥� it would be among the largest such funds the firm raised since its inception in 2012.

Cultivation Capital apparently began raising Tech Fund III shortly after announcing two new funds earlier this summer.

According to , the venture firm raised (out of a targeted $40 million) for and (out of a targeted $30 million) for back in May.

In addition to its sector-focused funds in life sciences and general technology, the firm raised to invest in local St. Louis startups and at (out of an authorized $100 million) for over the past year.

Recently, the firm led for and participated in digital marketing platform 鈥檚 . This month, it participated in cybersecurity startup 鈥檚 .

According to Crunchbase data, from the firm鈥檚 portfolio have managed to find an exit. A number of Cultivation Capital鈥檚 portfolio companies have been acquired this month. These M&A exits include and 鈥檚 of , both for undisclosed sums. Additionally, bought medical device maker 鈥攚hich had been a portfolio company 鈥�.

St. Louis鈥檚 tech market moves along at a decent clip. Cultivation Capital is poised to capitalize on the favorable exit multiples enjoyed by Midwestern startups and, more broadly, the Midwest鈥檚 growing startup ecosystem.

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