Arthur Ventures

Arthur Ventures is a Minneapolis-based venture capital firm with a distinct investment strategy centered on B2B software companies. Unlike many VC firms concentrated in coastal tech hubs, Arthur Ventures specifically targets high-growth businesses located outside of Silicon Valley, often in what they term "flyover country." This geographical focus allows them to tap into a broader pool of innovative companies that may be overlooked by traditional venture capital, providing capital and strategic support to promising software enterprises in underserved markets.

The firm primarily engages in Series A and Series B funding rounds, seeking to partner with companies that have demonstrated product-market fit and are poised for significant scaling. Their investment thesis emphasizes strong management teams, robust B2B software solutions, and a clear path to market leadership. Arthur Ventures aims to be more than just a capital provider, offering operational expertise and a network to help their portfolio companies navigate growth challenges, expand market reach, and optimize their business models.

Arthur Ventures has a proven track record of successfully raising and deploying capital across multiple funds, reflecting a growing confidence in their unique investment approach. In March 2023, the firm announced the closing of its seventh fund, Arthur Ventures VII, at a substantial $300 million. This followed their previous fund, Arthur Ventures VI, which closed at $195 million in March 2021, illustrating a consistent upward trend in their fund sizes. For initial investments, Arthur Ventures typically writes checks ranging from $5 million to $20 million, providing significant early-stage capital to fuel the growth of their chosen B2B software partners.