Five Elms Capital logo

Five Elms Capital

North America, Missouri, United States, Kansas City

Description

Five Elms Capital is a prominent global growth equity firm based in Kansas City, Missouri, specializing exclusively in B2B software companies. Established over 15 years ago, the firm is known for providing significant capital and strategic support to high-growth software businesses. They focus on partnering with founders and management teams to accelerate expansion, facilitate mergers and acquisitions, or provide liquidity solutions, aiming to help companies scale efficiently and achieve their strategic objectives.

The firm's investment strategy centers on identifying B2B software companies with strong recurring revenue, typically ranging from $5 million to over $100 million annually. Five Elms provides substantial growth capital, with their typical first cheque investments ranging from $20 million up to $200 million or more. This broad range allows them to support a diverse set of companies, from those seeking initial growth equity to more mature businesses requiring larger capital injections for strategic initiatives.

Five Elms Capital manages over $3.5 billion in capital, underscoring its significant presence in the growth equity landscape. Their extensive experience is reflected in having completed over 70 investments across various B2B software sub-sectors. The firm emphasizes a collaborative, long-term partnership approach, leveraging its operational expertise and network to help portfolio companies scale efficiently and achieve their strategic objectives. They are flexible in taking both minority and majority stakes, tailoring their involvement to the specific needs of each company.

Investor Profile

Five Elms Capital has backed more than 89 startups, with 8 new investments in the last 12 months alone. The firm has led 67 rounds, about 75% of its total and boasts 19 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series Unknown, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Canada, Australia.
  • Strong thematic focus on Software, SaaS, Information Technology.
  • Led 7 rounds in the past year.
  • Typical check size: $20M – $200M.

Stage Focus

  • Series A (34%)
  • Series Unknown (24%)
  • Series B (19%)
  • Private Equity (15%)
  • Secondary Market (3%)
  • Series C (2%)
  • Undisclosed (2%)
  • Series D (1%)

Country Focus

  • United States (80%)
  • Canada (4%)
  • Australia (3%)
  • Belgium (2%)
  • Italy (2%)
  • Sweden (2%)
  • France (1%)
  • Germany (1%)
  • South Africa (1%)
  • United Kingdom (1%)

Industry Focus

  • Software
  • Saas
  • Information Technology
  • Enterprise Software
  • E-commerce
  • Analytics
  • Marketing
  • Marketing Automation
  • Health Care
  • Logistics
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Five Elms Capital frequently co-invest with?

Village Ventures
North America, Massachusetts, United States, Williamstown
Co-Investments: 2
Spark Capital
North America, California, United States, San Francisco
Co-Investments: 2
FTV Capital
North America, California, United States, San Francisco
Co-Investments: 2
Revolution Ventures
North America, District of Columbia, United States, Washington
Co-Investments: 1
Level Equity Management
North America, New York, United States, New York
Co-Investments: 2
Revolution
North America, District of Columbia, United States, Washington
Co-Investments: 1
Homegrown Capital
North America, South Dakota, United States, Brookings
Co-Investments: 2
North Hill Ventures
North America, Massachusetts, United States, Boston
Co-Investments: 2
Thayer Street Partners
North America, New York, United States, New York
Co-Investments: 2
Expansion Venture Capital
North America, New York, United States, New York
Co-Investments: 1

Which angels does Five Elms Capital often collaborate with?

MC
North America, Connecticut, United States
Shared Deals: 1
TO
North America, District of Columbia, United States, Washington
Shared Deals: 1
RC
Europe, England, United Kingdom, London
Shared Deals: 1
CB
North America, Maryland, United States, Baltimore
Shared Deals: 1
GT
North America, California, United States, San Francisco
Shared Deals: 1
AV
North America, New York, United States, New York
Shared Deals: 1
John Ruffolo
North America, Ontario, Canada, Toronto
Shared Deals: 1

What are some of recent deals done by Five Elms Capital?

FMX

Columbus, Ohio, United States

FMX enables facilities managers to more efficiently and effectively track work orders, schedule resources, and plan maintenance.

Cloud ComputingInformation TechnologySoftware
Private EquityJul 21, 2025
Spacelift

Redwood City, California, United States

Spacelift is an infrastructure orchestration platform that manages provisioning, configuration, and governance workflows.

Cloud Data ServicesInformation TechnologySaaSSoftware
Series CJul 10, 2025
Amount Raised: $51,000,000
Motivity

Seattle, Washington, United States

Motivity provides clinical software solutions through insights, data mining and collection for the ABA and behavioral health industries.

AnalyticsElectronic Health Record (EHR)Health CareNeuroscienceSoftware
Series UnknownMar 12, 2025
Amount Raised: $27,000,000
RoomPriceGenie

Zug, Zug, Switzerland

RoomPriceGenie is a revenue management system designed to optimize room pricing for independent hoteliers.

SoftwareTravel
Series UnknownFeb 17, 2025
Amount Raised: $75,000,000
Pathify

Denver, Colorado, United States

Pathify offers a digital platform for student engagement and resources.

EdTechEducationHigher EducationSoftwareVirtual Assistant
Private EquityFeb 12, 2025
Amount Raised: $25,000,000
360Player

Stockholm, Stockholms Lan, Sweden

360Player is a sports platform for clubs, colleges, and schools.

SoftwareSportsVideo Chat
Private EquityNov 27, 2024
Amount Raised: $22,896,304
Magma Math

Stockholm, Stockholms Lan, Sweden

Magma Math is an e-learning math platform for K–12 classrooms that helps improve teaching practises and learning for students.

E-LearningInformation Technology
Series ANov 20, 2024
Amount Raised: $40,000,000
SingleOps

Atlanta, Georgia, United States

SingleOps is an all-in-one business platform for outdoor service industries, including tree care, lawn care, and full-service landscaping.

CRMInformation TechnologyISPPoint of SaleSaaSSoftware
Series UnknownNov 4, 2024
Fable

Toronto, Ontario, Canada

Digital accessibility, powered by people with disabilities.

SoftwareUsability Testing
Series BOct 16, 2024
Amount Raised: $25,000,000
Field Agent

Fayetteville, Arkansas, United States

Field Agent is a provider of enterprise services that offers mobile research and retail data collection.

CrowdsourcingData Collection and LabelingEnterprise SoftwareMarket ResearchMobileRetail
Private EquitySep 23, 2024