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    Arthur Ventures

    Minneapolis, Minnesota, United StatesFounded 2008

    Arthur Ventures is an early growth capital firm that primarily invests in B2B software companies located across the U.S. and Canada, outside of Silicon Valley. The firm's strategy involves leading investments and partnering closely with portfolio companies to provide strategic guidance and operational support for scaling their businesses.

    36% of their portfolio is in Cybersecurity. Deal activity increased 300% year-over-year (4 deals in the last 12 months). Average disclosed round size is $25.4M (across 20 rounds with reported amounts).

    Find people at Arthur Ventures on Goldilocks AI

    Portfolio

    22

    Fund Size

    $1.5B

    Top Stage

    Series A

    Last 12 Mo

    4

    Team

    Ryan Kruizenga

    Ryan Kruizenga

    General Partner

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    22 investments
    CompanyRoundAmountDate
    Handl Health logoHandl HealthSeries A$14MFeb 2026
    Circadian Risk logoCircadian RiskSeries A$6MFeb 2026
    Nucleus Security logoNucleus SecuritySeries C$20MFeb 2026
    PKI Solutions logoPKI SolutionsUnknownDec 2025
    Nucleus Security logoNucleus SecurityUnknownAug 2024
    Nucleus Security logoNucleus SecuritySeries B$43MFeb 2024
    PPayroll IntegrationsSeries A$20MNov 2023
    CertifID logoCertifIDSeries B$20MSep 2023
    Zartico logoZarticoSeries A$20MSep 2022
    Athennian logoAthennianSeries B$33MMar 2022
    Nucleus Security logoNucleus SecuritySeries B$20MMar 2022
    DNSFilter logoDNSFilterSeries A$30MJul 2021
    Protenus logoProtenusSeries D$21MJun 2021
    Athennian logoAthennianSeries A$8MSep 2020
    Protenus logoProtenusSeries C$17MAug 2019
    Total Expert logoTotal ExpertSeries B$20MOct 2018
    Stensul logoStensulSeries A$7MJun 2018
    Avalara logoAvalaraGrowth$96MSep 2016
    IInfusionsoftSeries D$55MOct 2014
    DDriftySeed$1MMar 2014
    Corporate Finance Institute (CFI) logoCorporate Finance Institute (CFI)Unknown$48M
    TTJM LabsSeries A$10M

    Top Co-Investors

    LionBird Ventures2 shared
    In-Q-Tel2 shared
    Mucker Capital1 shared
    Elephant1 shared
    MemorialCare Innovation Fund1 shared
    Transformation Capital1 shared
    Gaingels1 shared
    Touchdown Ventures1 shared
    Signal Peak Ventures1 shared

    Last updated: 12 April 2026