Investments
101Portfolio Exits
13Funds
12About Arthur Ventures
Arthur Ventures is a venture capital firm. It leads investments in business-to-business (B2B) software companies. The company was founded in 2013 and is based in Minneapolis, Minnesota.
Latest Arthur Ventures News
Nov 28, 2023
Northteq Announces Strategic Investment from Arthur Ventures November 28, 2023, 07:23 AM Northteq, Inc. , a provider of Salesforce loan origination solutions and equipment finance software, announced a stock purchase investment from Arthur Ventures , a Minnesota-based venture capital firm specializing in growing B2B software companies. The partnership is set to fast-track Northteq's vision to further enhance the borrower and vendor experience in the equipment finance industry. This strategic investment will not only accelerate Northteq's vision but also establish a board of directors to help lead the company. With Arthur Ventures' extensive expertise in B2B software, particularly in domains beyond Equipment Finance, their involvement brings a wealth of knowledge and a robust portfolio of B2B Software companies. “This partnership not only aligns with our vision but significantly enhances our capabilities. Northteq has always been at the forefront of innovation in the equipment finance industry. Now, with Arthur Ventures' investment and their deep understanding of B2B software, we are poised to accelerate our efforts and bring even more value to our customers," said Kristian Dolan, founder and Chief Executive Officer at Northteq. This partnership underscores a shared vision for enhancing the borrower and vendor experience, a key focus for both Northteq and Arthur Ventures. "We’re excited about Northteq's long-term vision and how deeply they understand the dynamic between lenders and their vendors and borrowers. Their innovative focus on the borrower and vendor experience made this a very compelling investment for us," said Patrick Meenan, general partner at Arthur Ventures. “Northteq represents exactly the sort of company that Arthur Ventures is built to partner with: high growth, profitable, and a market-leading product. We're thrilled to support Northteq as they embark on this exciting new chapter,” Meenan added. As a result, the investment leads to the formation of a new board of directors, ready to guide Northteq into its next growth phase. Dolan will join forces with Meenan from Arthur Ventures, alongside other esteemed members yet to be announced, to guide Northteq towards unprecedented growth and success. “At Northteq, our unwavering commitment to our customers and to the equipment finance industry remains at the heart of everything we do. This investment reinforces our ability to deliver cutting-edge solutions, enhancing the borrower and vendor experience in ways previously unimagined. This significant milestone will only enhance the top-tier service our customers have always experienced, marking an exciting step forward for us all," Dolan noted.
Arthur Ventures Investments
101 Investments
Arthur Ventures has made 101 investments. Their latest investment was in Northteq as part of their Seed VC on November 11, 2023.

Arthur Ventures Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
11/28/2023 | Seed VC | Northteq | Yes | 1 | ||
11/2/2023 | Series A | Payroll Integrations | $20M | Yes | 1 | |
9/12/2023 | Series B | CertifID | $20M | No | 2 | |
8/11/2023 | Series B - II | |||||
5/24/2023 | Series A |
Date | 11/28/2023 | 11/2/2023 | 9/12/2023 | 8/11/2023 | 5/24/2023 |
---|---|---|---|---|---|
Round | Seed VC | Series A | Series B | Series B - II | Series A |
Company | Northteq | Payroll Integrations | CertifID | ||
Amount | $20M | $20M | |||
New? | Yes | Yes | No | ||
Co-Investors | |||||
Sources | 1 | 1 | 2 |
Arthur Ventures Portfolio Exits
13 Portfolio Exits
Arthur Ventures has 13 portfolio exits. Their latest portfolio exit was Ionic on November 07, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
11/7/2022 | Acquired | 1 | |||
7/20/2021 | Acquired | 2 | |||
6/1/2021 | Acquired | 5 | |||
Date | 11/7/2022 | 7/20/2021 | 6/1/2021 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 2 | 5 |
Arthur Ventures Fund History
12 Fund Histories
Arthur Ventures has 12 funds, including Arthur Ventures Growth Fund IV.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
3/17/2023 | Arthur Ventures Growth Fund IV | $170M | 2 | ||
3/17/2023 | Arthur Ventures Fund V | $300M | 2 | ||
12/19/2019 | Arthur Ventures 2020 LP - Opportunity Fund | Co-Investment VC | Closed | $30M | 1 |
11/19/2019 | Arthur Ventures 2017 Opportunity Fund | ||||
11/13/2019 | Arthur Ventures 2020 |
Closing Date | 3/17/2023 | 3/17/2023 | 12/19/2019 | 11/19/2019 | 11/13/2019 |
---|---|---|---|---|---|
Fund | Arthur Ventures Growth Fund IV | Arthur Ventures Fund V | Arthur Ventures 2020 LP - Opportunity Fund | Arthur Ventures 2017 Opportunity Fund | Arthur Ventures 2020 |
Fund Type | Co-Investment VC | ||||
Status | Closed | ||||
Amount | $170M | $300M | $30M | ||
Sources | 2 | 2 | 1 |
Arthur Ventures Team
4 Team Members
Arthur Ventures has 4 team members, including , .
Name | Work History | Title | Status |
---|---|---|---|
Douglas J. Burgum | Founder | Current | |
Name | Douglas J. Burgum | |||
---|---|---|---|---|
Work History | ||||
Title | Founder | |||
Status | Current |
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