Company attributes
Venture Capital Firm attributes
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Arthur Ventures is a venture capital firm focused on investing in early-stage B2B software companies outside Silicon Valley. Arthur Ventures has offices in Fargo, ND, and Minneapolis, MN.
Arthur Ventures was founded in 2008 and is based in Fargo, North Dakota by James Burgum. Arthur Ventures is a venture capital firm specializing in post-angel and pre-institutional investments including growth capital, start-up, early stage, seed, and later stage investments.
The firm prefers to invest in the information technology, life sciences, healthcare, and clean technology sectors.
- Within information technology, it focuses on software, hardware, web-based services, and related technologies.
- The firm also focuses on B2B software investments with specific interests in the infrastructure, financial technology, and communications segments.
- Under life sciences, the firm focuses on biotechnology, drug discovery, medical devices, and other enabling technologies.
- Within clean technology, the focus is on biofuels development, clean-coal, energy efficiency, and wind-powered technologies.
Arthur Ventures has made 44 investments. A notable one was on Dec 18, 2018, when they invested $3M in Nomics. The firm has had 6 exits, the most notable ones including Avalara, Ambassador, and FlipGrid. Arthur Ventures has raised a total of $123.6M across 4 funds, one of them being Arthur Ventures 2017 Opportunity Fund. This fund was announced on Mar 7, 2019, and raised a total of $7M. Arthur Ventures has $2.7M in revenue annually and competes with Matchstick Ventures, Techstars, and Greylock Partners.
The firm invests in companies based in the United States with a focus on Upper Midwest. The firm focuses its early-stage investments in the Great Plains and Upper Midwest. Its initial investments in early-stage companies range from $500,000 to $3 million. It seeks to invest in later stage companies only in syndication with other investors.
Arthur Ventures focuses its investments in three target industry sectors and an investment size that is a post-angel investment and pre-institutional VC funding. The firm's preference is for investment opportunities that have established business models and prototypes.
