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Cultivation Capital invests $500,000 in bill-tracking firm

Cultivation Capital invests $500,000 in bill-tracking firm

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Demo Day

Steven Marciniak, (second from right), founder and president of TrakBill, talks to Dirk Lupien (right) of LegalShield about his online product which monitors government legislative acts at the 2013 Capital Innovators Demo Day on Wednesday, May 8, 2013, at the Pageant in St. Louis. Drew Winship, (second from left) of Juristat explains his court records analytics service to an attendee. Photo by Christian Gooden, cgooden@post-dispatch.com

Cultivation Capital, a year-old venture capital firm in St. Louis, is investing $500,000 in TrakBill, a startup that intends to monitor state and federal legislation.

TrakBill was founded in Champaign, Ill., and moved to St. Louis after receiving an investment from Capital Innovators in January and an Arch Grant in May. It aims to sell lobbyists and advocacy groups subscriptions to its bill-tracking software.

Clifford Holekamp, a Cultivation general partner, will join TrakBill's board. Cultivation was launched in 2012 as an early-stage technology fund; it added a companion life-sciences fund last month. The technology fund's website lists investments in eight other St. Louis companies, including Food Essentials and Tunespeak.

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