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Alternative Assets  + VC  | 
Early-stage B2B Software Investor Arthur Ventures Raises $470M for Two New Funds

Early-stage B2B Software Investor Arthur Ventures Raises $470M for Two New Funds

Arthur Ventures, a venture capital firm that primarily invests in early-stage B2B software companies, raised $470 million for two new funds, the largest funds yet for the Minneapolis-based company.

The firm said $300 million will go into a core fund – Arthur Ventures V – used to invest in new companies, while $170 million will go into a growth capital fund – Arthur Ventures Growth IV – to provide cash to companies it is already invested in.

Its core fund will have an investment range between $3 million and $30 million per deal, and its growth fund will range between $10 million and $50 million.

Led by Patrick Meenan and Ryan Kruizenga, Arthur Ventures has more than 50 active investments in software companies serving a variety of industries, including financial services, cybersecurity and IT services.

The latest capital raise puts Arthur Ventures over $1 billion in total assets. The firm raised $155 million in 2019 and $72.5 million in 2017. It raised $45 million for its first fund in 2013.

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Arthur Ventures

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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