Arthur Ventures Raises $470 Million for New Fund

Arthur Ventures is a venture capital firm that invests in early-stage technology companies. The firm focuses on companies that specialize in software, data, and technology-enabled services that have the potential to disrupt industries and change the way we live and work. Since 2013, the firm has partnered with more than 50 companies in different cities across all regions of the United States and Canada. The firm is led by a team of experienced investors who have a deep understanding of the technology industry. They bring a unique perspective to their investments, providing not only capital but also strategic guidance and operational support to help their portfolio companies grow and succeed.

The venture capital firm has raised $470 million, the largest fund yet for the company, to be split into a $300 million venture fund and a second growth fund of $170 million. Overall, Arthur Ventures now manages $1 billion in assets.

Arthur Ventures, Minnesota, United States, was founded in 2008 by James Burgum. “We are excited to remain aggressive in this market as we expect early-stage software companies to continue to exhibit high-revenue growth rates in spite of macroeconomic headwinds, but we do expect to see a more rational valuation environment for the foreseeable future,” said Patrick Meenan, co-managing partner of Arthur Ventures. Currently, the company’s active investments include Minneapolis software companies Drip, Nomics, phData, and When I Work.

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