Arthur Ventures

Active

Overview

Arthur Ventures is a venture capital firm that invests in early-stage and growth-stage B2B software companies across the U.S. and Canada, with a focus on regions outside Silicon Valley.³¹² The firm manages approximately $2 billion in assets under management as of 2023 and has raised funds including $470 million in 2023 and $800 million in new capital.²³ It emphasizes sectors such as SaaS, cybersecurity, healthcare IT, fintech, and legal tech, providing initial institutional capital and follow-on investments.¹²

History

Arthur Ventures was founded in 2013 by partners including Doug Burgum, who previously led Great Plains to an IPO and acquisition by Microsoft.⁴⁵ The firm raised multiple funds, including a $470 million Growth Fund IV in April 2023, and has expanded into buyouts and majority recaps since 2019.²³ It has completed over 102 investments with 18 exits, such as Flipgrid to Microsoft and EverythingBenefits to UKG.¹²⁵

Notable Products

DataCamp - Online data science training platform.
Protenus - Patient data protection software.
ThreatLocker - Zero-trust endpoint security solution.
Jane.app - Practice management software for health and wellness clinics.
CertifID - Wire fraud security solution.
Athennian - Legal entity management platform.

Reputation

Arthur Ventures is recognized by professionals as an active investor in non-coastal B2B SaaS companies, with strengths in identifying high-potential startups leading to exits like those to Microsoft and UKG.¹²⁵ Enthusiasts note its support for diverse sectors and regions, managing significant AUM and providing strategic growth assistance.²³ No major criticisms appear in available sources.

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