# Arthur Ventures: portfolio, investments and team

> Arthur Ventures is a vc firm based in United States. 69 investments on record, 15 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/arthur-ventures (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Arthur Ventures

Last cheque observed Oct 2026; 69 cheques on record.

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Deploying now New fund $11M, Jul 2025 VC firm

Seed Series A Series B Small And Medium Businesses Software B2b2c

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Deploying now

**100%** of best year **15** **cheques in 12 months**, 69 on record

Since the last cheque **4** days **00** hrs **00** min **00** sec

Median round **$14M** Cheque size, as they say **$100K – $5.0M** Rounds led **1 of 69** Sole investor **26 rounds** Exits **1 from the portfolio** Mostly in **United States, 90%**

Pitch Arthur Ventures

## Arthur Ventures highlights

- 01 15 cheques in the last 12 months
- 02 Mostly Series A and Venture: 63% of its rounds
- 03 Sole investor in 26 rounds, median $7.9M
- 04 1 exits from the portfolio

## What they do

> Arthur Ventures is an early growth capital firm that leads investments in B2B software companies in every region of the U.S. and Canada. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $5.0M as they say
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Small And Medium Businesses Software B2b2c
- **Based in:** Minneapolis, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **69 appearances**

- **2026** 12 rounds
- **Oct** **[ClarityCare](https://millionrounds.com/company/claritycare)** Series A · US · MedCity News **$17M** With 6 others
- **Oct** **[Caju AI](https://millionrounds.com/company/caju-ai)** Growth · US · PR Newswire: financing agreements **Undisclosed** *Led*
- **Sept** **[AQUA](https://millionrounds.com/company/aqua)** Series A · US **$15M** With 4 others
- **Sept** **[Perry Weather](https://millionrounds.com/company/perry-weather)** Series C · US **$110M** Sole investor
- **Jul** **[ThreatLocker](https://millionrounds.com/company/threatlocker)** Growth · US · TechStartups **$190M** With 5 others
- **Jul** **[TJM Labs](https://millionrounds.com/company/tjm-labs)** Series B · US **$75M** With 1 other
- **May** **[BravoTran](https://millionrounds.com/company/bravotran)** Venture · US **Undisclosed** Sole investor
- **Apr** **[CertifID](https://millionrounds.com/company/certifid)** Series C · US · Ventureburn **$48M** With 3 others
- **Feb** **[Circadian Risk](https://millionrounds.com/company/circadian-risk)** Series A · US **$6.0M** With 2 others
- **Feb** **[Handl Health](https://millionrounds.com/company/handl-health)** Series A · US · Firms' own news pages **$14M** With 8 others
- **Feb** **[Nucleus Security](https://millionrounds.com/company/nucleus-security)** Series C · US **$20M** With 1 other
- **Jan** **[PureSpectrum](https://millionrounds.com/company/purespectrum)** Venture · US **Undisclosed** Sole investor
- **2025** 7 rounds
- **Dec** **[PKI Solutions](https://millionrounds.com/company/pki-solutions)** Venture · US **Undisclosed** Sole investor
- **Nov** **[Cybrary](https://millionrounds.com/company/cybrary)** Venture · US **$4.5M** With 2 others
- **Nov** **[TJM Labs](https://millionrounds.com/company/tjm-labs)** Series A · US **$10M** Sole investor
- **Jul** **[Cyber](https://millionrounds.com/company/cyber)** Venture · US **$20M** With 2 others
- **Apr** **[ThreatLocker](https://millionrounds.com/company/threatlocker)** Series E · US **$60M** With 3 others
- **Mar** **[VIAS Campus Management](https://millionrounds.com/company/vias-campus-management)** Venture · US **$293K** Sole investor
- **Jan** **[Streamline](https://millionrounds.com/company/streamline)** Venture · US **$7.9M** With 1 other
- **2024** 8 rounds
- **Nov** **[Ambassador](https://millionrounds.com/company/ambassador)** Debt · US **$4.5M** With 4 others
- **Oct** **[Factal](https://millionrounds.com/company/factal)** Venture · US **$1.0M** With 1 other
- **Oct** **[Perry Weather](https://millionrounds.com/company/perry-weather)** Series B · US **$15M** Sole investor
- **Jul** **[SlicedHealth](https://millionrounds.com/company/slicedhealth)** Series A · US **$5.0M** Sole investor
- **Jul** **[Zartico](https://millionrounds.com/company/zartico)** Venture · US **$5.6M** Sole investor
- **Apr** **[RFX Solutions](https://millionrounds.com/company/rfx-solutions)** Series A · US **$9.0M** Sole investor
- **Feb** **[Z m Rails](https://millionrounds.com/company/z-m-rails)** Series A · CA **$7.8M** Sole investor
- **Feb** **[Candor Technology](https://millionrounds.com/company/candor-technology)** Venture · US **Undisclosed** Sole investor
- **2023** 5 rounds
- **Nov** **[Stensul](https://millionrounds.com/company/stensul)** Series C · US **$35M** With 2 others
- **Sept** **[Payroll Integrations](https://millionrounds.com/company/payroll-integrations)** Series A · US **$20M** Sole investor
- **Aug** **[TINYpulse](https://millionrounds.com/company/tinypulse)** Venture · US **Undisclosed** With 1 other
- **Mar** **[PureSpectrum](https://millionrounds.com/company/purespectrum)** Venture · US **$37M** Sole investor
- **Feb** **[IrisCX](https://millionrounds.com/company/iriscx)** Seed · CA **$4.6M** With 3 others
- **2022** 6 rounds
- **Dec** **[Terminus](https://millionrounds.com/company/terminus)** Venture · GB **$22M** With 3 others
- **Aug** **[Paubox](https://millionrounds.com/company/paubox)** Venture · US **$10M** With 1 other
- **Jul** **[CrushBank](https://millionrounds.com/company/crushbank)** Series A · US **$5.5M** Sole investor
- **Apr** **[Formations](https://millionrounds.com/company/formations)** Series A · US **$8.0M** Sole investor
- **Apr** **[Decimal](https://millionrounds.com/company/decimal)** Seed · US **$9.2M** With 1 other
- **Mar** **[Athennian](https://millionrounds.com/company/athennian)** Series B · CA **$34M** Sole investor
- **2021** 3 rounds
- **Nov** **[When I Work](https://millionrounds.com/company/when-i-work)** Growth · US **$200M** With 4 others
- **Nov** **[OptiFunder](https://millionrounds.com/company/optifunder)** Series A · US **$25M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **9 named**

AH **Andrew Heim** Managing Director i Filing they signed

DB **David B. O'Hara** Executive Officer, Director i Filing they signed

DB **Douglas B. Burgum** Director i Filing they signed

JB **James B. Burgum** President & Chief Manager of Arthur Ventures II, LLC, the general partner i Filing they signed

JT **Jason Thomas Cummings** General Counsel, Partner i Form ADV

JM **Jeffrey Michael Yurecko** Chief Compliance Officer, Chief Financial Officer, Partner i Form ADV

LB **Lauris B. Molbert** Executive Officer, Director i Filing they signed

PM **Patrick Michael Meenan** Managing Director; Trustee of the Patrick M. Meenan Revocable Trust Agreement Dated May 4, 2020, As Amended i Form ADV

RJ **Ryan James Kruizenga** Managing Director; Trustee of the Ryan J. Kruizenga Revocable Trust Agreement Dated September 7, 2018, As Amended i Form ADV

We also hold **29** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$2.6B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Arthur Ventures Management 2, LLC
- **SEC number:** CRD 326592

Funds on its Form ADV

**13** private funds, **$1.5B** in gross assets · filed Apr 2024

- Arthur Ventures V, L.P. *Venture* 84 investors $312M
- Arthur Ventures III, L.P. *Venture* 43 investors $275M
- Arthur Ventures IV, L.P. *Venture* 70 investors $243M
- Arthur Ventures Growth IV, L.P. *Venture* 101 investors $222M
- Arthur Ventures II, L.P. *Venture* 87 investors $161M
- Arthur Ventures Growth III, L.P. *Venture* 99 investors $134M
- Arthur Ventures Growth II, L.P. *Venture* 22 investors $51M
- Arthur Ventures I, L.P. *Venture* 95 investors $46M
- Arthur Ventures Growth I, L.P. *Venture* 52 investors $25M
- Arthur Ventures Growth IV Affiliates Fund, L.P. *Venture* 18 investors $2.4M

And 3 more on the filing.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Flipgrid](https://millionrounds.com/company/flipgrid)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **Undisclosed** Jun 2018

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$11M**

raised in Jul 2025

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$14M** the round, not its cheque Alone, median **$7.9M**

Led 1 of 69 rounds **1%**

- **Said size:** $100K – $5.0M
- **Sole investor:** 26 rounds
- **Last cheque:** Oct 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series A said *23*
- Venture *17*
- Series B said *8*
- Series C *6*
- Seed said *6*
- Growth said *4*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Elephant](https://millionrounds.com/fund/elephant) 3
- [Greycroft](https://millionrounds.com/fund/greycroft) 3
- [High Alpha](https://millionrounds.com/fund/high-alpha) 3
- [Techstars](https://millionrounds.com/fund/techstars) 3
- [Atlanta Ventures](https://millionrounds.com/fund/atlanta-ventures) 2
- [CIBC](https://millionrounds.com/fund/cibc) 2

**Pitching Arthur Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Arthur Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Elephant** VC firm **3** rounds together](https://millionrounds.com/fund/elephant)[**Greycroft** VC firm **3** rounds together](https://millionrounds.com/fund/greycroft)[**High Alpha** VC firm **3** rounds together](https://millionrounds.com/fund/high-alpha)[**Techstars** VC firm **3** rounds together](https://millionrounds.com/fund/techstars)[**Atlanta Ventures** Accelerator **2** rounds together](https://millionrounds.com/fund/atlanta-ventures)[**CIBC** VC firm **2** rounds together](https://millionrounds.com/fund/cibc)[**CIBC Innovation Banking** VC firm **2** rounds together](https://millionrounds.com/fund/cibc-innovation-banking)[**Drive Capital** VC firm **2** rounds together](https://millionrounds.com/fund/drive-capital)[**First Round Capital** VC firm **2** rounds together](https://millionrounds.com/fund/first-round-capital)[**Foundry Group** VC firm **2** rounds together](https://millionrounds.com/fund/foundry)[**Gaingels** Private equity **2** rounds together](https://millionrounds.com/fund/gaingels)[**General Atlantic** Private equity **2** rounds together](https://millionrounds.com/fund/general-atlantic)

## Recently backed

The latest companies Arthur Ventures put money into.

[**Caju AI** Oct 2026](https://millionrounds.com/company/caju-ai)[**AQUA** $15M · Sept 2026](https://millionrounds.com/company/aqua)[**Perry Weather** $110M · Sept 2026](https://millionrounds.com/company/perry-weather)[**ThreatLocker** $190M · Jul 2026](https://millionrounds.com/company/threatlocker)[**TJM Labs** $75M · Jul 2026](https://millionrounds.com/company/tjm-labs)[**BravoTran** May 2026](https://millionrounds.com/company/bravotran)

## Quick answers about Arthur Ventures

### What does Arthur Ventures invest in?

Arthur Ventures invests most often at Series A and Venture (63% of the rounds on record), in sectors such as Small And Medium Businesses, Software and B2b2c.

### How active is Arthur Ventures?

69 investments on record, 15 of them in the last 12 months, and it led 1. The most recent was in Oct 2026.

### What has Arthur Ventures invested in recently?

Its most recent investments on record: ClarityCare (Series A, Oct 2026), Caju AI (Growth, Oct 2026) and AQUA (Series A, Sept 2026).

### How big are Arthur Ventures's cheques?

The median round it joins is $14M. It says it writes cheques of $100K to $5.0M.

### Does Arthur Ventures lead rounds?

Sometimes: it led 1 of its 69 investments on record (1%).

### Where does Arthur Ventures invest?

Most of the companies it backs are in the United States (90%) and Canada (8%).

### Is Arthur Ventures investing now?

Yes: it is actively investing, with 15 investments in the last 12 months.

### Who does Arthur Ventures invest alongside?

Most often Elephant (3 rounds together), Greycroft (3 rounds together) and High Alpha (3 rounds together).

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