Arthur Ventures Growth Fund is a “pre series A” fund organized in Fargo, North Dakota. The Fund Managers are pursuing investments in Minnesota and can prove it. They raised an 11 million dollar fund about two years ago and have since made 4 investments with an estimated 5 million remaining “to put to work.” Arthur Ventures makes early stage investments in startup companies from a variety of sectors but are known for their software pursuits with respect to their strengths and experiences. Arthur Ventures is ramping up fundraising efforts for a second fund, aimed between 20-30 million.
Arthur Ventures is the offspring of North Dakota’s biggest software success story – Great Plains Software – which was sold to Microsoft in early 2000 for 1.1 billion. Great story and quality conversation with guests Zach Robins, James Burgum & Tadd Tobkin!