Arthur Ventures Raises $155,000,000 to Continue Investing Outside Silicon Valley
12/19/19
We are happy to announce that we have raised $155,000,000 to continue investing in the fastest growing B2B software companies located outside Silicon Valley.
This capital raise consists of two new investment funds: a core fund ($125,000,000) and an opportunity fund ($30,000,000). The new core fund will enable us to continue executing on our early growth capital investment thesis with no change in strategy. The opportunity fund will enable us to support our existing partner companies through an additional phase of their growth.
We are welcoming an exciting group of new institutional investors in this fundraise that make up more than 75% of the committed capital. We are honored to be working on behalf of state pension funds, university endowments, and non-profit foundations directly and indirectly through our fund-of-fund partners. We are deeply motivated to deliver best-in-class investment returns for the students, teachers, state workers, law enforcement officers, and philanthropic efforts these terrific organizations support.
Special thanks to our first institutional investor, Foundry Group Next, who has been an early and active supporter of our strategy and a critical advisor throughout this fundraising process. Thank you also to the dozens of individual investors who have supported us since 2013 and continue with us today.
Most importantly, a HUGE thank you to the existing Arthur Ventures network of partner companies. We were able to raise these new funds in just five months because of the terrific performance of the entrepreneurs that we have had the privilege to partner with over the last seven years. We are in awe of your dedication, proud to be your partner, and thankful to have you as lifelong friends.
Thank you,
Patrick, Ryan, and James