Arthur Ventures Raises $470M For Two Funds

Ventures, a Minneapolis, MN-based venture capital firm, raised $470M to continue investing in B2B software companies across North America at the Early Growth stage.

This capital raise consists of two new investment funds:

• Arthur Ventures V ($300M core fund), and
• Arthur Ventures Growth IV ($170M growth-stage fund).

Led by Patrick Meenan and Ryan Kruizenga, Arthur Ventures is an early growth capital firm that leads investments in B2B software companies located outside Silicon Valley. Since 2013, the firm has partnered with 50+ companies in different cities across all regions of the United States and Canada. Arthur manages $1.1 billion in assets under management (AUM) with this fundraise.