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Arthur Ventures

Arthur Ventures

Arthur Ventures is a venture capital firm that invests in the information technology, life sciences, healthcare, and clean technology sectors.

Company Overview

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.

History

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.

Investments

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.

Investment approach and focus

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.

Timeline

March 7, 2019

Arthur Ventures 2017 Opportunity Fund

$7M

December 18, 2018

Nomics Inc.

Nomics Inc.

$3,000,000

VENTURE CAPITAL (SERIES A)

Arthur Ventures

October 11, 2018

Total Expert

Total Expert

$20,000,000

VENTURE CAPITAL (SERIES B)

Arthur Ventures, Emergence Capital Partners, Rally Ventures

August 17, 2018

Zipnosis

Zipnosis

$3,000,000

VENTURE CAPITAL (SERIES B)

Arthur Ventures, Safeguard Scientifics, Ascension Ventures, +2

June 20, 2018

Stensul

Stensul

$7,000,000

VENTURE CAPITAL (SERIES A)

Arthur Ventures, First Round, Javelin Venture Partners, +3

June 19, 2018

JJUMPP

JJUMPP

$3,000,000

SEED FUND

Arthur Ventures

April 27, 2018

Arthur Ventures Growth Fund II

$54M

January 22, 2018

Protenus

Protenus

$11,000,000

VENTURE CAPITAL (SERIES B)

Arthur Ventures, LionBird, Kaiser Permanente Ventures, +4

October 11, 2017

250ok

250ok

$2,600,000

VENTURE CAPITAL (SERIES A)

Arthur Ventures

September 12, 2017

Cybrary

Cybrary

$3,500,000

VENTURE CAPITAL (SERIES A)

Arthur Ventures, Ron Gula

August 8, 2017

Stream

Stream

$3,000,000

VENTURE CAPITAL

Arthur Ventures, Techstars Ventures, Social Starts, +6

July 17, 2017

Stream

Stream

$2,840,000

VENTURE CAPITAL

Arthur Ventures, Social Starts, Techstars, +4

July 14, 2017

DataCamp

DataCamp

$4,000,000

VENTURE CAPITAL

Arthur Ventures

February 14, 2017

Arthur Ventures Growth Fund III A, L.P.

$42.6M

November 1, 2016

Linux Academy

Linux Academy

$2,300,000

VENTURE CAPITAL

Arthur Ventures

September 21, 2016

Catalyze

Catalyze

$6,500,000

VENTURE CAPITAL (SERIES B)

Arthur Ventures, Chicago Ventures, Baird Capital, +1

August 9, 2016

Cybrary

Cybrary

$1,300,000

SEED FUND

Arthur Ventures, Ron Gula, Inner Loop Capital

June 8, 2016

When I Work

When I Work

$15,000,000

VENTURE CAPITAL (SERIES B)

Arthur Ventures, Drive Capital, High Alpha

April 28, 2016

ionic

ionic

$8,500,000

VENTURE CAPITAL (SERIES A)

Founder Collective, Arthur Ventures, General Catalyst Partners, +1

April 12, 2016

Total Expert

Total Expert

$3,000,000

VENTURE CAPITAL (SERIES A)

Arthur Ventures, Rally Ventures

March 15, 2016

Terminus

Terminus

$2,500,000

DEBT FINANCING

Hyde Park Venture Partners, Edison Partners, Arthur Ventures, +1

January 4, 2016

Zipnosis

Zipnosis

$17,000,000

VENTURE CAPITAL (SERIES A)

Hyde Park Venture Partners, Arthur Ventures, Safeguard Scientifics, +4

December 21, 2015

TINYpulse

TINYpulse

$6,000,000

VENTURE CAPITAL

Arthur Ventures, Baseline Ventures, Harrison Metal, +3

October 19, 2015

Terminus

Terminus

$1,800,000

SEED FUND

Hyde Park Venture Partners, Arthur Ventures, Atlanta Ventures, +3

July 13, 2015

When I Work

When I Work

$5,000,000

VENTURE CAPITAL (SERIES B)

Arthur Ventures, e.ventures, Greycroft Partners

June 17, 2015

LeadPages

LeadPages

$27,000,000

VENTURE CAPITAL (SERIES B)

Arthur Ventures, Drive Capital, Foundry Group

June 15, 2015

Ambassador

Ambassador

$2,350,000

VENTURE CAPITAL (SERIES A)

Arthur Ventures, Ludlow Ventures, Social Starts, +2

April 1, 2015

Drifty

$3,710,820

VENTURE CAPITAL

Founder Collective, Arthur Ventures, Lightbank

February 24, 2015

Flipgrid

Flipgrid

$17,000,000

VENTURE CAPITAL (SERIES A)

Arthur Ventures, Brightstone Venture Capital

October 8, 2014

Adapt-N

Adapt-N

$2,200,000

VENTURE CAPITAL (SERIES A)

Arthur Ventures, Cayuga Venture Fund, Armory Square Ventures

October 5, 2014

Infusionsoft

Infusionsoft

$55,000,000

VENTURE CAPITAL (SERIES D)

Bain Capital Ventures, Arthur Ventures, Goldman Sachs, +1

June 17, 2014

rhiza

rhiza

$3,000,000

VENTURE CAPITAL (SERIES A)

Arthur Ventures, Camp One Ventures, Draper Triangle

March 10, 2014

Drifty

Drifty

$1,000,000

SEED FUND

Arthur Ventures

February 1, 2014

Avalara

Avalara

$30,000,000

PRIVATE EQUITY

Arthur Ventures, Battery Ventures

January 8, 2014

When I Work

When I Work

$4,000,000

VENTURE CAPITAL (SERIES A)

Arthur Ventures, e.ventures, Greycroft Partners

November 7, 2013

Catalyze

Catalyze

$2,025,000

VENTURE CAPITAL (SERIES A)

Arthur Ventures, Chicago Ventures, gener8tor, +4

September 26, 2013

LeadPages

LeadPages

$5,000,000

VENTURE CAPITAL (SERIES A)

Arthur Ventures, Foundry Group

January 1, 2013

Infusionsoft

Infusionsoft

$54,000,000

VENTURE CAPITAL (SERIES C)

Arthur Ventures, Goldman Sachs

January 24, 2012

Intelligent InSites

Intelligent InSites

VENTURE CAPITAL

Arthur Ventures

2012

Arthur Ventures will focus its investments in three target industry sectors and an investment size that is post-angel investment and pre-institutional VC funding.

2008

AVI

$20M

2001

The firm's founder Doug Burgum led Great Plains Software, which was acquired by Microsoft Corporation in 2001 for $1.1 billion.

People

Name
Role
Related Golden topics

Dave O'Hara

Venture Partner



Dennis Erdle

Venture Partner



Doug Burgum

Founding Partner



James Burgum

Partner



Jeremy TenBroek

Director of Technology



Lauris Molbert

Venture Partner



Megan Lind

Executive Assistant & Investor Relations



Patrick Meenan

Partner



Ryan Kruizenga

Partner



Further reading

Title
Author
Link
Type

Arthur Ventures - Arthur Ventures invests in early stage B2B software companies located outside Silicon Valley. | Startup Ranking



Web

Arthur Ventures 2017 Opportunity Fund, Lp D Notice of Exempt Offering of Securities, items 06b, 3C, and 3C.1

SEC

Web

Arthur Ventures Archives - Serious Startups



Web

Arthur Ventures collects almost $7 mln for fund - PE Hub



Web

Arthur Ventures launches $45m software fund, opening Minneapolis office - TECHdotMN

Jeff Pesek

Web

Arthur Ventures looks to provide capital lift to local innovation - Silicon Prairie News



Web

Arthur Ventures raises $48m | Private Equity International



Web

Arthur Ventures: Summary | OpenSecrets



Web

Arthur Ventures' investment in Nomics

Patrick Meenan

Web

Coinbase Ventures, Arthur Ventures among investors in $3M Nomics Series A

Tony Zerucha

Web

Dutch startup Stream raises $3 million from Arthur Ventures to further accelerate the growth of its API feed platform | EU-Startups

Thomas Ohr

Web

EverythingBenefits Continues Explosive Growth; Receives $4.0 Million Series A Investment from Arthur Ventures

EverythingBenefits

Web

LeadPages Raises $5M Series A from Foundry Group, Arthur Ventures

Wall Street Journal

Web

Nomics Crypto API Data Service Secures $3 Million Led By Arthur Ventures, Coinbase and BitGo



Web

Why does Arthur Ventures invest only outside Silicon Valley? - Quora



Web

Documentaries, videos and podcasts

Title
Date
Link

Arthur Ventures



Bytes: Venture Capital 101 with Patrick Meenan of Arthur Ventures

Aug 31, 2017

Driving Change Ep. 12 - Tech Venture Capitalist Patrick Meenan of Arthur Ventures - LeadByChange

March 14, 2017

Companies

Company
CEO
Location
Products/Services

250ok







Agronomic Technology







Ambassador







Avalara







ClarionDoor







Cybrary







DataCamp







Datica







Drip







EverythingBenefits







Flipgrid







Intelligentinsites







Keap







Linux Academy







New Ocean







Nomics







phDATA







Preventice Solutions







Rhiza







Stensul







Stream







Talkroute







Terminus







TinyPulse







Total Expert







SHOW ALL (26)

References