Cultivation Capital Invests in Seed Round of Funding for Third Party Trust

St. Louis-based venture capital firm Cultivation Capital has co-led a $4.45 million seed round of funding for ThirdPartyTrust, a Chicago company that developed a vendor risk assessment and management software.

ThirdPartyTrust uses its digital database of more than 6,000 third-party vendors to speed up and simplify a company’s due diligence process. The platform allows enterprises to analyze data on vendors and assign vendors custom requirements, including insurances, attestations and questionnaires. It also allows vendors to scale their responses to multiple enterprise assessments and message back and forth with customers.