Arthur Ventures is an early growth capital firm focused on investing in B2B software companies located outside Silicon Valley, with coverage across every region in the U.S. and Canada. Founded in 2013 and based in Minneapolis, Minnesota, the firm has partnered with over 50 companies and currently manages approximately $1.1 billion in assets. Arthur Ventures emphasizes supporting entrepreneurs beyond just financial investment, offering strategic guidance and industry expertise to help scale businesses.
Arthur Ventures specializes in early growth capital investments in B2B software companies. The firm’s geographic focus is on companies outside Silicon Valley, particularly in the U.S. and Canada. The sectors they target include software & technology, healthcare, fintech, infrastructure, and communications. Investment stages range from early-stage to growth capital, with typical investments between $500,000 to $3 million.
Arthur Ventures is actively investing out of its $300 million fifth fund as of early 2025.
Leadership
The firm is privately held with a small team (2-13 employees depending on source) based in Minneapolis. It was founded in 2013. Specific leadership names are not detailed in the provided information.
Investment Strategy
Arthur Ventures focuses on early growth capital and partners closely with portfolio companies to help scale businesses through operational support, strategic guidance, and leveraging industry expertise. They prefer to lead investments and often co-invest in syndicates for later-stage rounds. Their investment size typically ranges from $500,000 to $3 million for early-stage companies, focusing on capital-efficient technology firms primarily in the Upper Midwest and Great Plains regions.
Notable Investments
Arthur Ventures' portfolio includes companies such as Nucleus Security, which specializes in enterprise risk-based vulnerability management and raised $43 million in Series B funding led by the firm in 2024. Another notable investment was in Nomics, a company the firm invested in back in 2018.
Notable Exits
Arthur Ventures has recognized successful exits with companies such as Avalara, Ambassador, and FlipGrid.
