Arthur Ventures
Arthur Ventures is a Minneapolis-based early-growth capital firm managing approximately $2 billion AUM across core, growth, and buyout fund vehicles, providing first institutional capital and follow-on financing to B2B software companies across North America located outside Silicon Valley.
- Company typePrivate
- Founded2012
- HeadquartersMinneapolis, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Arthur Ventures does
Arthur Ventures is a Minneapolis-based early-growth capital firm that invests in B2B software companies across North America, with an explicit thesis of backing companies located outside Silicon Valley. Founded by Patrick Meenan and Ryan Kruizenga, the firm operates a multi-vehicle platform consisting of a core early-growth fund, a growth-stage fund, and a buyout fund for majority recapitalizations. As of the most recent disclosures, Arthur Ventures manages approximately $2 billion in assets under management across 60+ active portfolio companies spanning cybersecurity, healthcare IT, vertical SaaS, fintech, and developer tools.
The firm's core products are its fund vehicles: Arthur Ventures VI ($395M core fund) provides first institutional capital to early-growth B2B software companies; Arthur Ventures Growth V ($205M growth fund) supports existing portfolio companies through mid-stage and beyond; and Buyout 1 ($200M) is the firm's inaugural vehicle pursuing majority recapitalizations in early-stage B2B software. Fund size has scaled materially over successive raises — $155M (2019), $375M (2021), $470M (2023), $800M (2025) — reflecting a 5x growth in AUM over six years. The firm is structured as Arthur Ventures Management LLC, incorporated in Minnesota, and is independently controlled by its three General Partners.
Arthur Ventures generates revenue through standard venture capital economics: recurring management fees on assets under management and performance-based carried interest from successful portfolio exits. The LP base is diversified across university endowments, non-profit foundations, medical systems, state pension funds, and individual investors, with a 100% recommitment rate reported on the 2023 fundraise. Distribution is direct — the firm deploys capital into portfolio companies through lead and co-investment positions across Series A through Series C and growth-stage rounds, while also providing LP advisory services to its institutional investors.
Arthur Ventures firmographics
Firmographics- Name
- Arthur Ventures
- Legal name
- Arthur Ventures Management LLC
- Website
- https://arthurventures.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Arthur Ventures is a Minneapolis-based early-growth capital firm managing approximately $2 billion AUM across core, growth, and buyout fund vehicles, providing first institutional capital and follow-on financing to B2B software companies across North America located outside Silicon Valley.
- Ownership category
- akta.pro rank
Arthur Ventures industry classification
Industry- Product category
- Venture Capital / Private Equity
- NAICS
- Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Early-Stage Venture Capital (Series A/B) (FSANAAAB)
- akta.pro secondary industries
- Technology & Software Growth Equity (FSANACAA), Late-Stage Venture Capital (Series C+) (FSANAAAC)
Keywords
Where Arthur Ventures is headquartered
LocationHeadquarters
- HQ city
- Minneapolis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Arthur Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Management Fees: VC firms typically charge management fees on assets under management, calculated as a percentage of committed capital or AUM.
- Carried Interest: Performance-based carried interest from successful portfolio exits, typically 20% of profits above the hurdle rate.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Arthur Ventures product offering
Product offeringCore offering
Arthur Ventures is an early-growth venture capital firm that invests in B2B software companies located outside Silicon Valley, providing first institutional capital through a core fund, growth-stage follow-on capital through a growth fund, and majority recapitalizations through a buyout fund. The firm manages approximately $2 billion in assets under management across 60+ active portfolio companies throughout North America.
Product overview
Arthur Ventures is an early-growth capital firm offering three distinct investment fund products: a core fund (Arthur Ventures VI, LP at $395M) for first institutional capital partnerships with B2B software companies, a growth fund (Arthur Ventures Growth V, LP at $205M) for mid-stage portfolio company scaling, and a buyout fund (Buyout 1, LP at $200M) for majority recapitalizations. Together these funds form the Early Growth Capital Platform managing approximately $2 billion in assets for 60+ active B2B software companies across North America.
Differentiator
Problem solved
Functional benefit
Products and services
- Arthur Ventures VI, LP
- Arthur Ventures Growth V, LP
- Buyout 1, LP
- Early Growth Capital Platform
Companies that use Arthur Ventures
Customer profileSegments1 record
Ideal customer profiles3 records
Arthur Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Arthur Ventures partnerships and signals
Strategic signalScale indicators7 records
Recent moves10 records
Expansion highlights5 records
Arthur Ventures competitors and assessment
Company assessmentDirect peers
- Foundry Group: Early-stage venture capital firm focused on B2B software, with a thematic, sector-focused approach comparable to Arthur Ventures. Foundry Group Next was Arthur Ventures' earliest institutional backer and advisor, making it the closest stylistic peer.
- Norwest Venture Partners: Multi-stage venture and growth equity firm investing from seed through growth in B2B software and technology, with a stage and sector mandate that closely overlaps Arthur Ventures' core, growth, and buyout fund structure.
- Bessemer Venture Partners: Long-standing B2B/cloud software investor with growth-stage capabilities and a similarly broad geographic footprint. Operates multiple fund vehicles comparable to Arthur Ventures' core, growth, and buyout structure.
- Insight Partners: Large-scale software-focused investor operating ScaleUp, Growth, and Opportunities funds that span the same stage range as Arthur Ventures' three fund vehicles, with a comparable B2B software mandate.
- Battery Ventures: Multi-stage B2B technology investor running dedicated early-stage, growth, and buyout/credit strategies. Directly comparable operating model to Arthur Ventures' three-fund platform.
- JMI Equity: Growth equity firm focused on B2B software and vertical SaaS, investing in majority and minority growth transactions. Closely comparable to Arthur Ventures' Growth and Buyout fund strategies.
- Mainsail Partners: Growth equity firm focused exclusively on B2B software companies, often outside the largest coastal markets. Highly comparable geographic and sector mandate to Arthur Ventures.
Broad incumbents
- General Catalyst: Large multi-stage venture firm with a deep B2B software franchise and a much broader geographic and sector footprint. Comparable as an investor type but materially larger and more diversified than Arthur Ventures.
- New Enterprise Associates (NEA): One of the largest multi-stage venture firms with a long-standing B2B software franchise across early, growth, and crossover stages. Overlaps with Arthur Ventures on the early-growth software thesis but at materially larger scale.
Emerging players
- SaaS Capital: Specialty lender to B2B SaaS companies, providing growth debt to capital-efficient software businesses comparable to Arthur Ventures' portfolio. Not a direct equity peer but operates in the same capital-efficient software funding ecosystem.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Arthur Ventures social profiles
Digital presenceArthur Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Arthur Ventures leadership team
Management profileNumber of profiles
Profiles11 records
Arthur Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Arthur Ventures M&A and investment
M&A and investmentM&A
Investments101 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Arthur Ventures
What does Arthur Ventures do?
Arthur Ventures is an early-growth venture capital firm that invests in B2B software companies located outside Silicon Valley, providing first institutional capital through a core fund, growth-stage follow-on capital through a growth fund, and majority recapitalizations through a buyout fund. The firm manages approximately $2 billion in assets under management across 60+ active portfolio companies throughout North America.
Is Arthur Ventures a public or private company?
Arthur Ventures is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Arthur Ventures founded?
Arthur Ventures was founded in 2012. It employs 1 to 10 people.
Where is Arthur Ventures based?
Arthur Ventures is headquartered in Minneapolis, United States, in the North America region.
How does Arthur Ventures make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest.
Who are Arthur Ventures's main competitors?
Direct peers on record are Foundry Group, Norwest Venture Partners, Bessemer Venture Partners, Insight Partners, Battery Ventures, JMI Equity and Mainsail Partners. Broad incumbents are General Catalyst and New Enterprise Associates (NEA). SaaS Capital is listed as an emerging player.
Does Arthur Ventures have an API?
No public API is recorded for Arthur Ventures.
What industry is Arthur Ventures in?
Arthur Ventures's product category is Venture Capital / Private Equity. Its primary akta.pro industry code is FSANAAAB, Early-Stage Venture Capital (Series A/B), with a secondary code of FSANACAA, Technology & Software Growth Equity. Its NAICS code is 523940 and its SIC code is 6282.