Arkansas raised $180M across 45 deals in 2025. Most capital went to logistics tech and B2B SaaS, which makes sense given Walmart's presence. The ecosystem is small but Bentonville's corporate money is starting to flow into venture. You won't raise $20M Series A here, but seed rounds are getting competitive.
Startup Junkie Foundation (Fayetteville): Backed local e-commerce platform Sweven at $1.2M seed in Northwest Arkansas's retail tech cluster
ARK Challenge: Led Strattic's $800K round connecting agriculture data to Tyson's supply chain initiatives
Winrock Capital Management (Little Rock): Invested in Banyan Software's Arkansas expansion at $3.5M Series A
Cadron Capital Partners (Little Rock): Backed healthcare IT company CareAware at $2M seed round in Little Rock's medical corridor
Endeavor Venture Fund: Co-invested in logistics tech startup RouteWise at $1.8M alongside Walmart's venture arm
Stephens Group (Little Rock): Funded fintech platform BankStack at $4.5M Series A in Central Arkansas
Innovation Junkie: Backed Northwest Arkansas food tech company FreshChain at $950K seed
Stone Bridge Equity (Bentonville): Invested in retail analytics startup ShelfMetrics at $2.2M in Walmart supplier ecosystem
Arkansas Venture Fund: Led AgriTech company FieldOS at $1.5M seed connecting to Riceland Foods network
Forge Fund: Backed enterprise SaaS company DataNest at $1.1M in Little Rock's growing tech scene
XLR8 Fund: Invested in supply chain visibility platform CargoView at $2.8M Series A
Delta Regional Authority: Supported rural broadband startup ConnectAR at $600K in eastern Arkansas expansion
Arkansas closed 45 venture deals in 2025 totaling $180M. Average seed round is $1.2M, which is lower than coastal markets but goes further with Arkansas's cost structure. Northwest Arkansas leads with 60% of deals, driven by Walmart vendor relationships and Tyson's agriculture tech interest.
The ecosystem centers on logistics, retail tech, and agriculture. If you're building consumer social or crypto, look elsewhere. But supply chain software or B2B tools that plug into Walmart's vendor network get funded quickly here. Little Rock has emerging fintech and healthcare IT scenes.
You'll burn 40% less cash than in Austin or Denver. Office space in Bentonville runs $18/sq ft versus $65 in San Francisco. Arkansas investors expect profitability within 24-36 months, not the 5-year runway mentality of coastal VCs. This works if you're building a sustainable business, not if you need patient growth capital.
Corporate connections matter here - most successful Arkansas raises involve introductions through Walmart, Tyson, or Stephens Inc networks. Investors check if you've worked with these companies or understand their vendor ecosystems. Cold outreach works less than in other markets.
Check sizes run smaller - typical seed is $800K-$2M, Series A is $3-8M. Investors here won't lead your $15M Series B. Plan to go coastal for growth rounds or stay profitable and bootstrap further. Some founders raise seed in Arkansas then relocate to Austin or Denver for Series A.
Portfolio fit is narrow - look at whether funds have backed anything like your company in Arkansas before. If they've only done retail tech and you're building dev tools, you're pitching the wrong fund. Arkansas investors stick to what they know, which is supply chain, agriculture, retail operations, and B2B software.
Walmart relationships unlock doors - if you can get a pilot with Walmart or become an approved vendor, Arkansas investors pay attention. The company drives most tech investment decisions in Northwest Arkansas. Share your deck through Ellty so you can see which investors actually review your Walmart integration plans versus skipping to financials.
Meeting expectations are different - expect 4-6 in-person meetings before term sheets. Arkansas investors want to know you're committed to building here, not just raising local money then moving to SF. Video calls feel less serious than showing up in Bentonville or Little Rock.
Follow-on capital is limited - only 3-4 Arkansas funds can write $5M+ checks. You'll likely need out-of-state investors for Series A and beyond. Ask local VCs which coastal funds they co-invest with regularly. Those relationships determine if you can stay headquartered here while scaling.
Start with Startup Junkie - they run the most active programming in Northwest Arkansas and connect founders to capital. Their demo days in Fayetteville are where half of Arkansas seed deals start. Don't skip their workshops even if they seem basic.
Leverage the Walmart ecosystem - attend Walmart supplier summits and Open Call events. Several Arkansas investors scout these for startups solving vendor problems. If you're building logistics or retail tech, this is faster than traditional VC outreach. Even presentations deserve privacy, lock down your PowerPoint files just like you would a PDF.
Join Venture Center programs - Little Rock's startup hub runs pitch competitions and connects to local capital. Their accelerator graduates get warm intros to Winrock Capital and Stephens Group. The program matters less than the network access.
Track who's actually engaged - upload your deck to Ellty and create unique links for each Arkansas investor. You'll see who opens it within 24 hours versus who ignores you. Arkansas investors typically respond within a week or not at all. If someone views your deck three times, they're seriously considering.
Attend Northwest Arkansas Tech Summit - this annual event in Bentonville brings together local investors and corporate innovation teams. More productive than flying to SF conferences if you're targeting Arkansas capital. Come with pilot data or early revenue, not just ideas.
Talk to portfolio founders first - Arkansas is a small ecosystem and investors trust referrals heavily. Find founders they've backed and ask for context before pitching. They'll tell you which investors actually help versus which just write checks.
Set up your data room early - when Arkansas investors ask for financials, customer lists, or incorporation docs, share an Ellty data room instead of Google Drive folders. Local investors expect organized materials and move faster when everything's in one place with view tracking. Compare plans to find the right balance of features, control, and cost for your stage and needs.
Understand the pace here - deals close slower than SF but faster than traditional markets. From first meeting to term sheet typically runs 8-12 weeks. If an investor doesn't respond to follow-ups, they've passed. Arkansas VCs don't waste time on soft no's.
Arkansas investors prioritize unit economics over growth metrics. Burn $200K/month with no revenue and you'll struggle. They want to see $15-30K MRR at seed stage and clear path to profitability. The "grow fast, monetize later" pitch doesn't work here.
Corporate pilots matter more than user growth. Landing Walmart, Tyson, or J.B. Hunt as a customer carries more weight than 100 small clients. Investors here understand enterprise sales cycles and value strategic relationships over vanity metrics. If you've got a letter of intent from a Fortune 500, lead with that.
Most funds expect you to build in Arkansas long-term. Raising here then relocating after six months burns bridges. Some investors include HQ location requirements in term sheets. If you plan to move coastal eventually, be upfront or raise from out-of-state funds with Arkansas offices.
The most active early-stage investor in Northwest Arkansas with strong ties to University of Arkansas and local entrepreneurship programs.
Arkansas's flagship pitch competition and investor network focused on early-stage companies solving problems for the state's major industries.
Little Rock-based fund with 30+ years managing capital and recent expansion into venture investing for Arkansas tech companies.
Central Arkansas fund focused on tech-enabled services and software companies with strong management teams and clear revenue models.
Active in Northwest Arkansas with focus on companies that can leverage Walmart's ecosystem and scale through corporate partnerships.
One of Arkansas's largest investment firms with venture arm backing high-growth companies in financial services and enterprise software.
Northwest Arkansas micro-fund backing pre-seed and seed companies with small checks and hands-on mentorship from experienced operators.
Bentonville fund specializing in retail technology and companies serving Walmart's supplier ecosystem with proven revenue traction.
State-backed fund supporting Arkansas companies across industries with focus on job creation and economic development impact.
Early-stage fund with offices in Northwest Arkansas backing technical founders building enterprise software and B2B platforms.
Northwest Arkansas fund backing logistics and supply chain technology companies that solve problems for Fortune 500 customers.
Federal-state partnership providing grants and investment capital to companies serving economically distressed areas across the Arkansas Delta region.
These 12 investors closed deals in Arkansas during 2025-2026. Before you start reaching out to Northwest Arkansas or Little Rock funds, set up proper tracking.
Upload your deck to Ellty and create a unique link for each Arkansas investor. You'll see exactly which slides they view and how long they spend on your financials. Arkansas-based founders often find local investors skip market size slides but focus heavily on unit economics, customer acquisition costs, and team background.
When Arkansas investors ask for more materials - customer lists, financial models, corporate partnership agreements - share an Ellty data room instead of messy email threads. Your cap table, three-statement model, and Walmart pilot agreements in one secure place with view analytics.
Do I need to be based in Arkansas to raise from Arkansas investors?
Most Arkansas investors strongly prefer local companies or founders willing to relocate. Some will invest in out-of-state companies with Arkansas customers or corporate partnerships, but you'll compete with local startups getting priority. If you're remote, expect investors to ask about your commitment to building in the state.
How does Arkansas compare to Austin or Denver for fundraising?
Arkansas has significantly less capital available - about $180M annually versus $4B+ in Austin. Average seed rounds are smaller ($1.2M vs $3.5M), but your money goes further with 40% lower burn rates. You'll get funded faster in Arkansas if you're solving problems for Walmart, Tyson, or agriculture, but struggle if you're building consumer apps or crypto.
What's the typical timeline from first meeting to funding?
Expect 8-12 weeks from introduction to term sheet. Arkansas investors want 4-6 in-person meetings and reference calls with customers or former colleagues. This is slower than SF but faster than traditional private equity. If you haven't heard back within two weeks of a meeting, send one follow-up then move on.
Should I raise seed in Arkansas then go coastal for Series A?
Many founders do this successfully. Raise $1-2M locally, prove your model, then target Austin or Denver investors for $5-10M Series A. Arkansas investors understand this path and often help with coastal introductions. Just don't raise Arkansas seed money while planning to relocate immediately - that burns bridges.
Do Arkansas investors expect in-person meetings?
Yes, especially for initial meetings and due diligence. Video calls work for updates and early conversations, but investors here value face-time. Budget for trips to Northwest Arkansas or Little Rock. Meeting at Startup Junkie in Fayetteville or Venture Center in Little Rock shows you're serious about the local ecosystem.
What industries get funded most in Arkansas?
Logistics and supply chain (35% of deals), retail technology (25%), agriculture and food tech (20%), B2B SaaS (15%), and healthcare IT (5%). Consumer apps, crypto, and deep tech rarely get funded. If your startup doesn't connect to Walmart's ecosystem, agriculture, or enterprise operations, you'll struggle to raise here.
How much revenue do Arkansas investors expect at seed stage?
Most want to see $15-30K MRR or clear path to revenue within 6 months. Pre-revenue deals happen but require strong team credentials or corporate pilot agreements. Arkansas investors are more conservative than coastal VCs and prioritize capital efficiency over blitz-scaling.