Arthur Ventures Closes on $43m of $50m Fund 3

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Arthur Ventures has closed on $43m of a $50m target for a new midwest-tech focused fund, according to this SEC disclosure.

$7m is outstanding to round out what will be the third fund of its sort for the North Dakoka – Minneapolis headquartered B2B SaaS focused VC.

Arthur Ventures partners declined to comment further on the fund details at this time given the sensitivety of SEC regulation — although its clear that the hardest part is behind them.

Arthur Ventures Fund 3 will mark the culmination of $100m+ under management and 20 portfolio companies.

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