Five Elms Capital
Growth equityKansas City · Series A–Late Stage · 78 people tracked
Also known as FIVE ELMS CAPITAL MANAGEMENT, LLC
Investment thesis
Five Elms invests in founder-owned software businesses that are challenging incumbents with next-generation, must-have products showing strong product-market fit and high retention. The firm targets vertical market leaders and culture-driven teams, writing flexible checks of roughly $15M to $150M+ for either majority or minority stakes. It emphasizes optimal capitalization—neither starving nor overloading companies—and offers both growth capital and founder liquidity, with the ability to support companies across multiple rounds. A dedicated Operational Value Creation Team helps build key functions such as sales operations, marketing, financial infrastructure, and senior management to accelerate growth and scale category leaders.
Source: firm website, verified Aug 3, 2026.
Team · 78 people
from the firm's website & public directoriesWhat they invest in
from 9 of 74 portfolio companiesSaaS ×6Enterprise Software ×5Marketing Tech ×4AI & Machine Learning ×3EdTech ×2Media & Entertainment ×2AdTech ×1Cloud Computing ×1
HQs:United States×12
Investments · 74 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 22022 · 12021 · 22019 · 22017 · 12015 · 110 dated
SchoolCEO is a quarterly research and perspectives magazine for K-12 school leaders, superintendents, and communications professionals, focused on marketing, communications, recruitment, and branding in public education.
EdTechGovTechMarketing TechMedia & EntertainmentSaaSLittle Rock, US
Jeston George(Executive Officer, Director)
Board seatFred CoulsonAustin GideonRyan Mandl· per SEC Form D
Fayetteville, US
Marc Yount(Executive Officer)Rick West(Executive Officer, Director)Henry Ho(Executive Officer, Director)
Board seatFred CoulsonRyan Mandl· per SEC Form D · $8.7M raise · filed Nov 2022
Atlanta, US
Board seatFred CoulsonRyan Mandl· per SEC Form D · $13.4M raise · filed Nov 2017
Denver, US
Mark Turnage(Member)Russell Cohen(Member)
Board seatThomas Kershisnik· per SEC Form D · $8M raise · filed Oct 2019
Pathify offers a Campus Experience Platform (CXP) that unifies a university's SIS, LMS and other campus tools into a single mobile and web dashboard for students, advisors and administrators.
EdTechEnterprise SoftwareSaaS
Chase Williams(Executive Officer, Director, Promoter)James McCubbin(Executive Officer, Director, Promoter)Christopher Hagan(Executive Officer)Matthew Hammond(Executive Officer)
BoardRoy McKelvie(Director)Mike Hill(Director)
Board seatBrandan FitzgeraldStephanie Schneider· per SEC Form D · $7.5M raise · filed Feb 2025
Sioux Falls, US
Matt Paulson(Director)Austin Gideon(Director)Reed Edwards(Director)Michael Zuercher(Executive Officer, Director, Promoter)
Board seatReed EdwardsAustin Gideon· per SEC Form D · $10M raise · filed Jan 2026
Austin, US
Gregory Kopyltsov(Executive Officer, Director, Promoter)Walker Szurek(Executive Officer, Director, Promoter)Omri Bloch(Director)
Board seatZach GornetLauren Janek· per SEC Form D · $13.6M raise · filed Dec 2025
Sports club management software
Optimization & compliance software
AskNicely provides a customer experience management platform that helps service businesses capture customer feedback and motivate teams to take action on insights.
AI & Machine LearningEnterprise SoftwareMarketing TechSaaSPortland, US
Tony Ward(Chief Executive Officer)Reagan Nickl(Chief Commercial Officer)Sharon Babkes(Chief Financial Officer)Brian Fravel(VP of Marketing)Jolene Smith(VP of People and Culture)Vlad Pashchenko(VP of Product and Engineering)
Power market modeling software
EHR and practice management for eye care
Salt Lake City, US
Zach Olson(Executive Officer, Director)Hal Halladay(Director)Jeff Stowell(Director)Alex Soffe(Director)Jon Walker(Director)
Geotechnical data management and subsurface reporting software
Air & ocean contract management tech
Claravine provides a SaaS platform that enforces consistent data standards and taxonomy across digital marketing operations for enterprise brands and agencies.
Data & InfrastructureEnterprise SoftwareMarketing TechProvo, US
Verl Allen(Chief Executive Officer)Justin Shepard(Chief Operating Officer and Chief Financial Officer)Bernard Kiyanda(Chief Technology and Product Officer)Scott Bennett(Chief Revenue Officer)Anne Murlowski(VP of Marketing)Dan Bowes(VP of Enterprise Transformation & Customer Enablement)
Cloud contract management platform
Video messaging for sales teams
Recruiting agency CRM and tracking system
Annapolis, US
Ken Thompson(Director)Michael Speca(Executive Officer, Director)David Thacher(Director)Aaron Elder(Executive Officer, Director)Mark Barrett(Executive Officer, Director)
Darknet intelligence for security risks
Digital accessibility SaaS solutions
Foreign exchange trading platform
Video-based skills learning platform
Landscaping field service management
Virtual, onsite, & hybrid event platform
Digital asset & marketing ops platform
Work mgmt. for accounting firms
Workforce mgmt. for construction
K-12 instructional math software
Website & membership management
Clinical behavioral health software
Secure board & employee collaboration
Practice mgmt. for performing arts
Branded marketing material creation
Retail energy demand forecasting tools
Practice mgmt. for health industry
B2B software integrations platform
Aesthetics & wellness practice management software
RFx creation & evaluation platform
Ritten is a cloud-based electronic medical record and practice-management platform designed for behavioral health organizations, offering integrated clinical charting, scheduling, billing, compliance tools, and AI-assisted documentation across the continuum of care.
Digital HealthEnterprise SoftwareHealthtechPhiladelphia, US
Noah Whitehead(Executive Officer, Director, Promoter)Gabriel Szczepanek(Executive Officer, Director, Promoter)Omri Bloch(Director)
BoardArpit Mittal(Director)Ryan Mandl(Director)
RoomPriceGenie offers an automated room pricing and revenue management system (RMS) for hotels, designed for hotel owners and managers to set prices and increase revenue.
AI & Machine LearningPropTechSaaSTravel & Hospitality
Life sciences quality mgmt. system
Home service field mgmt. software
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Exits · 1
IPOs and acquisitions across the tracked portfolioSelectQuoteNYSE: SLQT
Portfolio news
latest coverage across their companiesApptegy · wgnsradio.com · Jun 23, 2026
Ritten · philadelphia.today · Dec 20, 2025
Frequently asked questions
- What stage does Five Elms Capital invest at?
- Five Elms Capital invests at the Series A, Series B, Growth, Late Stage stages.
- What is Five Elms Capital's typical check size?
- Five Elms Capital typically writes checks of $15M – $150M.
- What sectors does Five Elms Capital focus on?
- Five Elms Capital focuses on Enterprise Software, SaaS.
- Where is Five Elms Capital located?
- Five Elms Capital is headquartered in Kansas City, US.
- Does Five Elms Capital lead rounds?
- Yes, Five Elms Capital leads investment rounds.
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