Arthur Ventures raises $48m

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Arthur Ventures has raised $48 million to date for its Arthur Ventures 2017, per a SEC filing. The Fargo-headquartered firm has set a $50 million target and began fundraising in 2017. The SEC filing did not disclose whether the capital raise constituted a final or interim close.

Its previous fund raised $45 million in 2013.

The fund will target growth equity opportunities in technology, media, and telecommunications sectors in the United States.