Arthur Ventures is a Minneapolis, Minnesota-based venture capital firm. Value Add VC tracks 1 company Arthur Ventures has invested in and 1 venture round it took part in (0 as lead).
Arthur Ventures key facts (as of )
| Fact | Value | Source |
|---|---|---|
| Headquarters | Minneapolis, Minnesota, USA | SEC Form ADV (IAPD), September 16, 2026 |
| Type | Venture capital firm | Value Add VC classification |
| Assets under management | $2.6B | SEC Form ADV (IAPD), September 16, 2026 |
| Funds tracked | 1 | Funds table on this page (each fund cites its source) |
| Notable investments | Handl Health, ThreatLocker, TJM Labs, Perry Weather | Notable investments section on this page (each cites its source) |
| Venture rounds tracked | 1 (led 0, joined 1) 1 in the last 12 months | Recent deals table on this page (each round cites its source) |
| Portfolio companies tracked | 1 | Portfolio list on this page |
Arthur Ventures overview
Arthur Ventures is a Minneapolis-based firm that provides early growth capital to B2B software companies.[1] It says it has about $2 billion in assets under management.[2] Its general partners are Patrick Meenan, Ryan Kruizenga and Andrew Heim.[3] General partner Ryan Kruizenga has spoken for the firm's investment in exposure-management company Nucleus.[4] Partners also include Anna Talerico and Jeff Yurecko.[3]
Recent deals we track
1Track record: led 0 and participated in 1 of 1 tracked venture round · 1 in the last 12 months
| Date | Company | Event | Role | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026 | ThreatLocker | Series F | Participated | $190M | — | SecurityWeek |
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Notable Arthur Ventures investments
4- Handl Health (handlhealth.com, October 24, 2026)
- ThreatLocker (prnewswire.com, October 24, 2026)
- TJM Labs (tjmlabs.com, October 24, 2026)
- Perry Weather (perryweather.com, October 24, 2026)
Arthur Ventures profile
written 2026-10-24Arthur Ventures is a Minneapolis early growth firm for B2B software that closed $800m across three funds in April 2025.
What Arthur Ventures does
Arthur Ventures runs three strategies, according to its April 14, 2025 announcement. A core fund aims to be the first institutional capital partner to B2B software companies in North America, a growth fund supports existing portfolio companies as they scale, and a buyout fund pursues majority recapitalizations of early-stage B2B software companies.[1]
Arthur Ventures lists a Minneapolis, Minnesota address on its website. Its April 14, 2025 announcement states ~$2b in assets under management, and its homepage lists $800M in current funds and 60+ active companies. All three are the firm's own figures.[2],[1]
Arthur Ventures has not disclosed typical check sizes, ownership targets or return figures on the pages reviewed.[2],[1],[3]
History
Arthur Ventures does not state a founding year on the pages reviewed. Its own December 19, 2019 announcement thanks individual investors who have supported the firm since 2013, and a February 24, 2026 Handl Health release says that since 2013 Arthur Ventures has partnered with 80+ companies across the United States and Canada.[3],[4],[1]
Arthur Ventures says it has pursued majority recapitalizations selectively out of its core funds since 2019. Its April 14, 2025 announcement presents a dedicated buyout fund as the next step in that strategy.[1]
Arthur Ventures welcomed Andrew Heim as a General Partner in its April 14, 2025 announcement, to help co-lead the buyout strategy.[1]
Funds
Arthur Ventures announced a $155,000,000 raise on December 19, 2019. The announcement says the raise consisted of two funds: a core fund of $125,000,000 and an opportunity fund of $30,000,000.[3],[1]
Arthur Ventures described the 2019 core fund as continuing its early growth capital thesis with no change in strategy, and the opportunity fund as support for existing partner companies through an additional phase of growth.[3]
Arthur Ventures says new institutional investors make up more than 75% of the capital committed to the 2019 raise, including state pension funds, university endowments and non-profit foundations. The announcement names Foundry Group Next as the firm's first institutional investor.[3],[1]
Arthur Ventures announced on April 14, 2025 that it had closed on $800m in LP capital across three funds. They are a sixth core fund of $395m, a fifth growth fund of $205m and a first buyout fund of $200m.[1]
Arthur Ventures has not published returns, IRRs or multiples, and the announcements reviewed give no sizes for any fund raised between the December 19, 2019 and April 14, 2025 announcements.[3],[1],[2]
People
Arthur Ventures lists three General Partners on its team page: Patrick Meenan, Ryan Kruizenga and Andrew Heim. Company releases call them Pat Meenan and Ryan Kruizenga, General Partners at Arthur Ventures.[5],[6],[7]
Arthur Ventures lists Anna Talerico and Jeff Yurecko as Partners and Jake Olson as Principal on its team page.[5]
Arthur Ventures' team page also lists Ryan Kesti and Nick Goblisch as vice presidents, Derek Buschow as entrepreneur in residence and Kyle Frederick as director, followed by associates, an analyst, a senior recruiter and an executive assistant. A Handl Health release identifies Nick Goblisch as a vice president at Arthur Ventures.[5],[4]
Arthur Ventures' team page gives no biographies, prior employers or tenure for any team member, so none are stated here.[5]
Portfolio and notable investments
Arthur Ventures' homepage lists 60+ active companies and a news feed of portfolio and investment items. The investments below are those documented in company releases or on the firm's homepage that name Arthur Ventures.[2]
Arthur Ventures led TJM Labs' $10M Series A, which TJM Labs announced on its blog, and the firm's homepage lists the item under Jan 20, 2026. TJM Labs builds AI-powered automation for pharmacies in the US and Canada.[8],[2]
Arthur Ventures' homepage also lists a Jul 2, 2026 item headlined "TJM Labs Announces $100m Raise and Two Acquisitions". That item was not opened, so this profile does not state what the $100m refers to.[2]
Arthur Ventures led Handl Health's $14.2 million Series A, announced on February 24, 2026. Syndra Capital Partners made a follow-on investment, and Handl Health builds software for designing employer-sponsored health plans.[4]
Arthur Ventures participated in Perry Weather's $110 million growth investment, led by Silversmith Capital Partners and announced on September 8, 2026. The release says Arthur Ventures led Perry Weather's Series A and Series B rounds, and Pat Meenan is quoted as saying the firm has had a front-row seat since the Series A.[6]
Arthur Ventures gave continued support to ThreatLocker's $190 million Series F, led by Elephant and announced on July 29, 2026. D. E. Shaw Ventures also gave continued support, and Koch Disruptive Technologies made a new investment. The release does not disclose Arthur Ventures' earlier rounds or ownership.[9]
Arthur Ventures' homepage lists Nucleus Security Secures $20M Series C under Portfolio on Feb 12, 2026. Nucleus Security's release says the round was led by Delta-v Capital and quotes Ryan Kruizenga as saying Arthur Ventures invested because the team understood that exposure management is about driving action. The release does not list Arthur Ventures among the round's participants.[2],[7]
Arthur Ventures has no exit reported on the pages reviewed. Its homepage news feed carries portfolio items for CertifID, covering CertifID's acquisitions of CloseSimple and Closinglock, and for PureSpectrum, covering a strategic partnership with TA.[2]
Strategy
Recent changes
- Jul 29, 2026Jul 29, 2026Invested in ThreatLocker (Series F, $190M) SecurityWeek
- Jan 1, 2014Jan 1, 2014New fund: Arthur Ventures Fund II ($65M) Value Add VC funds tracker
Funds
1| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| Arthur Ventures Fund II | 2014 | $65M | Flagship | As of 2014Value Add VC funds tracker |
Portfolio
1 totalCo-Investors
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overlapping sector, stage or regionValue Add Research
Latest Pulse
- Jul 29, 2026ThreatLocker Raises $190M Series F for Zero TrustThreatLocker raised $190 million in Series F funding led by Elephant to extend its zero-trust cybersecurity platform to govern AI agents, pushing total funding toward $500 million on top of a prior $1.6 billion valuation.→
- Jul 29, 2026ThreatLocker Raises $190M Series F for AI Agent SecurityZero-trust security vendor ThreatLocker raised a $190 million Series F led by Elephant with new backing from Koch Disruptive Technologies, pushing total funding toward $500 million as it extends its platform to secure AI agents.→
Arthur Ventures FAQ
What stage does Arthur Ventures invest at?
In the rounds Value Add VC tracks, Arthur Ventures' deals were most often Series F (1).
What companies has Arthur Ventures backed?
Notable Arthur Ventures investments include Handl Health, ThreatLocker, TJM Labs and Perry Weather, according to handlhealth.com, prnewswire.com, tjmlabs.com and perryweather.com. Companies Value Add VC tracks as Arthur Ventures investments include ThreatLocker.
Where is Arthur Ventures based?
Arthur Ventures is headquartered in Minneapolis, Minnesota, USA, according to SEC Form ADV (IAPD).
Who does Arthur Ventures co-invest with most?
In the rounds Value Add tracks, Arthur Ventures most often invests alongside D. E. Shaw Ventures (1 shared deal), Elephant (1 shared deal), General Atlantic (1 shared deal), Koch Disruptive Technologies (1 shared deal).
References
researched 2026-10-24Sources & methodologyshow
- prnewswire.comprimary source1 fact
- handlhealth.comValue Add VC data1 fact
- perryweather.comValue Add VC data1 fact
- SecurityWeekValue Add VC data1 fact
- tjmlabs.comValue Add VC data1 fact
- Value Add VC funds trackerValue Add VC data1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.