Fundraising Fox

Five Elms Capital

Growth equity

Kansas City · Series A–Late Stage · 79 people tracked

Also known as FIVE ELMS CAPITAL MANAGEMENT, LLC

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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 25, 2026.

Stage
Series A–Late Stage
Check
$15M – $150M
HQ
Kansas City, CA, US
Leads rounds
Leads
Instruments
Equity
Founded
2007
Last 12 months
7 investments
AUM
$3.1B
Tracked investments
78

Team · 79 people

from the firm's website & curated
Joe Onofrio· Partnerin
David Barnthouse· Principal, Financial & Investor Operations
Kylie Uvodich· Principalin
Akash Kalagara· Analyst, Business Developmentin
Alex Stancati· Executive Assistantin
Ana Munoz· Growth Investor
Annelise Overall· Administrative Assistant
Ava Yun· Growth Investorin
Charlie Thorne· Growth Investor
Chris Pardee· Vice President, Financial & Investor Operations
Cooper Bushey· Analyst, Financial & Investor Operations
Daniela Riesberg· Senior Associatein
Grace Trahan· Growth Investorin
Grant Sisk· Growth Investorin
Henry McDonald· Senior Associate
Hugo Nascimento· Growth Investorin
Jackson Stamper· Growth Investorin
James Dutton· Sr. Associate, Financial & Investor Operations
Jenny Witt· General Counselin
Jeremy Plummer-Reed· Data Engineerin
Kalie McCollaugh· Director of Financein
Kelly Mayerle· Office & Events Managerin
Kristin Rosberg· Vice President, Talentin
Laura Wildman· Director, Talentin
Macie Lawrence· Associate, Financial & Investor Operations
Mary Laura Orr· Associatein
Matthew Tanner· Growth Investorin
Megan Krier· Director, Value Creation - Marketing
Miguel Paranhos· Growth Investorin
Mike Welch· Directorin
Parker Larson· Growth Investorin
Peter Kennedy· Growth Investorin
Pranav Makam· Growth Investor
Renato Morais· Vice Presidentin
Rob Hurst· Operating Advisor
Sasha Willimann· Operating Advisorin
Scott Noll· Operating Advisorin
Scott Taylor· Senior Associate, Business Developmentin
Will Lynn· Director of Business Developmentin

What they invest in

from 40 of 78 portfolio companies

SaaS ×34Enterprise Software ×20AI & Machine Learning ×18Marketing Tech ×10EdTech ×6Future of Work ×6Digital Health ×4Healthtech ×4

HQs:United States×23Australia×1Belgium×1Brazil×1Canada×1Germany×1

Who they back

founder profiles across 8 portfolio companies
50%
solo founders
4 of 8 mapped founding teams

Founding team size:solo founder×42 founders×23 founders×2

Investments · 78 tracked

founders shown can be your intro path

By year:2026 · 42025 · 52024 · 62023 · 22022 · 12021 · 22019 · 22017 · 12015 · 124 dated

SelectQuoteNYSE: SLQT
Apptegyapptegy.comin𝕏Mar 2019

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

Co-investorsJMI EquityRoyal Street Ventures Management Company, Llc

Field Agent, Inc.Nov 2022SEC filingmedium confidence

Fayetteville, US

Rick West(Executive Officer, Director)Henry Ho(Executive Officer, Director)Marc Yount(Executive Officer)

Board seatFred CoulsonRyan Mandl· per SEC Form D · $8.7M raise · filed Nov 2022

OWL CybersecuritySep 2019SEC filingmedium confidence

Denver, US

Mark Turnage(Member)Russell Cohen(Member)

Board seatThomas Kershisnik· per SEC Form D · $8M raise · filed Oct 2019

Pathifypathify.cominFeb 2025SEC filingmedium confidence

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 SoftwareSaaSGreenwood Village, US

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

Co-investorsBisk Ventures

Prismaticprismatic.ioin𝕏Jan 2026 · $22M

Prismatic is an embedded integration platform (iPaaS) for B2B SaaS companies, letting their developers build integrations in TypeScript while end users assemble multi-step workflows and expose integrations as agent-ready tools via an MCP flow server.

Developer ToolsEnterprise SoftwareSaaSSioux Falls, US

Michael Zuercher(Executive Officer, Director, Promoter)

BoardMatt Paulson(Director)in

Board seatReed EdwardsAustin Gideon· per SEC Form D

Co-investorsHomegrown Capital

Prospyr Medical, Inc.Dec 2025SEC filingmedium confidence

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

WebLink Internationalmemberclicks.cominOct 2017

MemberClicks provides association management software for nonprofits, chambers of commerce, and member-based organizations, enabling membership applications, renewals, event planning, and community management.

AI & Machine LearningEnterprise SoftwareSaaSAtlanta, US

Thomas Howard

Board seatFred CoulsonRyan Mandl· per SEC Form D

Co-investorsAllos VenturesElevate VenturesLevel EquitySaaS Capital

360Player360player.comNov 2024 · $22.7M

360Player is a communication platform for clubs that consolidates posts, chat, push notifications, and email messaging.

B2B MarketplacesFuture of WorkSaaSSports Tech

ActiveProspectactiveprospect.comin𝕏

TrustedForm is a service that generates certificates for form submissions, capturing submission timestamps, session recordings, event logs, page URLs, and consent documentation for verification and compliance purposes.

AdTechMarketing TechSaaSSales Tech

Ask Nicelyasknicely.comin𝕏Dec 2021

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

Aaron Ward(Executive Officer, Director)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)

Co-investorsAngel HQArc AngelsBlackbird VenturesIcehouse VenturesNZ Growth Capital Partners

AuroraXMP

Power market modeling software

Bartibarti.comin

Barti builds an AI-powered electronic health record (EHR) and practice management system designed specifically for eye care providers to reduce documentation burden and improve patient care.

AI & Machine LearningHealthtechMedical DevicesSaaS

Co-investorsVertical Venture PartnersZag Capital

Bartigetbarti.comin

Barti builds an AI-powered EHR and practice management platform for eye care providers such as optometrists, ophthalmologists, and opticians, with specialty templates for use cases like myopia management, vision therapy, and dry eyes.

AI & Machine LearningDigital HealthSaaSSan Francisco, US

Colton Calandrella(Executive Officer, Director, Promoter)inTianyu Wang(Executive Officer, Director, Promoter)

BoardDavid Schwab(Director)inRyan Mandl(Director)Brad Corona(Director)in

Co-investorsCorrelation VenturesRecall CapitalVertical Venture Partners

Bookly CoJan 2015

Salt Lake City, US

Zach Olson(Executive Officer, Director)

BoardJeff Stowell(Director)Alex Soffe(Director)Jon Walker(Director)Hal Halladay(Director)

BoreDMboredm.cominJun 2026

BoreDM (Boring Data Management) is a subsurface data management platform for geotechnical and geoenvironmental engineers, covering borehole logging, lab testing, CPT data, and PDF/paper log digitization.

AI & Machine LearningConstruction TechSaaS

Catapult

Air & ocean contract management tech

Claravineclaravine.comin𝕏

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)

Co-investorsKickstartNext Frontier CapitalSilverton Partners

Continu
ContractSafecontractsafe.comin𝕏

ContractSafe offers AI-powered contract management software that automates data extraction, search, and review tasks for legal teams.

AI & Machine LearningEnterprise SoftwareLegalTechSaaSMalibu, US

Covideocovideo.comin

Covideo is a video creation and sharing platform that enables businesses to record and distribute video to boost engagement, conversions, and sales.

Enterprise SoftwareMarketing TechMedia & EntertainmentSaaSSales Tech

Crelatecrelate.comin𝕏

Crelate is a recruiting software platform combining candidate sourcing, a recruiting CRM, applicant tracking, and agentic AI that discovers talent, enriches records, and suggests next actions.

AI & Machine LearningHR TechSaaSAnnapolis, US

Aaron Elder(Executive Officer, Director)Michael Speca(Executive Officer, Director)Mark Barrett(Executive Officer, Director)

BoardKen Thompson(Director)David Thacher(Director)

DarkOwldarkowl.comin𝕏

DarkOwl provides intelligence data collection and monitoring from darknet, deep web, and darknet-adjacent networks including marketplaces, forums, and encrypted chat platforms.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareDenver, US

Digitail
Fablefablehome.coinOct 2024 · $25M

Vancouver-based direct-to-consumer tableware and home decor brand selling ceramics, glassware, stemware and flatware.

Wellness & FitnessVancouver, CA

Co-investorsBackbone AngelsTechstarsAgFunderK3 Ventures

Fablefable-studio.comOct 2024 · $25M

The page is a memorial tribute to Pete Billington and does not describe the company's products or services.

Co-investorsBoston Seed CapitalDream MachineAgFunderK3 VenturesSuper Ventures

Fablefablefood.coinOct 2024 · $25M

Fable makes plant-based meat alternatives from shiitake mushrooms, using stems grown on hardwood logs that are sun-dried, boiled, shredded, and mixed with natural ingredients to create a whole-food center-of-plate protein.

Circular EconomyClimate TechConsumerFoodTech

Jim Fuller(Co-Founder & CSO)Michael Fox(Co-Founder)in

Co-investorsAera VCBetter Bite VenturesBlackbird VenturesFPVK3 VenturesRadar Ventures+1 more

Fable

Digital accessibility SaaS solutions

Flywheel
FMX
FXCM

Foreign exchange trading platform

GoReactgoreact.comin𝕏

GoReact is a video assessment and feedback platform for higher education institutions that integrates with LMS systems to enable students to submit video assignments and receive real-time or asynchronous feedback from instructors and peers.

AI & Machine LearningEdTechSaaS

Granum

Landscaping field service management

Gymdeskgymdesk.cominJul 2024 · $32.5M

Gymdesk is gym management software that automates billing, tracks members and attendance, captures leads, and reports on revenue and retention.

SaaSSports TechWellness & Fitness

Eran Galperin(Founder)inAlex Cuevasin

Co-investorsTinySeed

Hubb

Virtual, onsite, & hybrid event platform

IntelligenceBankintelligencebank.comin

IntelligenceBank provides digital asset management, online brand portals, and marketing operations software to help global marketing teams accelerate time-to-market while ensuring brand consistency and legal compliance across channels.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaS

Tessa Court(Founder)

Karbonkarbonhq.comin𝕏

Karbon provides accounting practice management software for accounting firms, offering tools for team collaboration, workflow and task automation, client management, and email.

AI & Machine LearningCloud ComputingEnterprise SoftwareFintechFuture of WorkSaaSSan Francisco, US

Stuart McLeod(Executive Officer, Director)John Freeman(Director)Ian Vacin(Founder)in

BoardJoe Onofrio(Director)

Co-investorsBlackbird VenturesTidemarkTIMIA CapitalToba CapitalOlive Tree CapitalY Combinator

LaborChart

Workforce mgmt. for construction

Lumarlumar.ioin𝕏

Lumar is an enterprise-grade website intelligence platform that helps developers, SEOs, and digital marketers collaborate through centralized technical health metrics, automated SEO QA testing, and fast site crawling.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareMarketing TechSaaS

Co-investorsBeringea

Magma Mathmagmamath.comin𝕏Oct 2025 · $10M

Magma Math develops digital tools to help educators create student-centered mathematics classrooms with differentiated instruction.

AI & Machine LearningEdTechSaaS

Motivity

Clinical behavioral health software

OnBoard

Secure board & employee collaboration

OpenReelopenreel.comin𝕏

OpenReel is a remote video capture and creation platform that lets teams record high-quality (up to 4K) video on any device from any location, with AI-powered editing, branded templates, and secure cloud storage.

AI & Machine LearningMedia & EntertainmentSaaS

Co-investorsAlpine MeridianForefront VentureLas Olas Venture Capital

Opiniion
Opus1opus1.ioinMar 2026

Opus1.io is a management platform designed specifically for music schools, handling enrollment, payroll, scheduling, and administrative tasks.

EdTechFuture of WorkSaaS

Sam Lellouche(Founder)

OrderUp
Outfit

Branded marketing material creation

Panopta
POWWRpowwr.comin𝕏

POWWR provides software platforms for energy suppliers and brokers to manage sales and transactions more efficiently, serving the wholesale energy market globally.

EnergyEnterprise SoftwareSaaSSales TechManchester, GB

Practice Betterpracticebetter.ioin𝕏Apr 2023 · $27M

Practice Better is a business management platform for health and wellness practitioners, including nutritionists and similar independent professionals, that handles scheduling, billing, and client management to reduce administrative overhead and support business growth.

Digital HealthHealthtechSaaSWellness & Fitness

Nathalie Garcia(Co-founder)

Co-investorsDisruption Ventures

Prospyr

Aesthetics & wellness practice management software

Proxyclick
Reachdeskreachdesk.comin𝕏

Reachdesk provides an end-to-end platform for corporate gifting and swag that enables go-to-market and people teams to source, store, ship, and track personalized gifts and promotional items globally.

Enterprise SoftwareMarketing TechSaaSSales TechNew York, US

Meelan Radia(Executive Officer, Director)Jay Radia(Director)Stepahnie Schneider(Director)Marc Chabot(Executive Officer, Director)

Co-investorsHubSpot VenturesSPWOneHighland Europe

Rebrandlyrebrandly.comin

Rebrandly is a link intelligence platform that enables teams to create, share, and track branded links while monitoring their performance.

AdTechMarketing TechSaaS

Co-investorsPi Campus

RFP360

RFx creation & evaluation platform

Rittenritten.ioinDec 2025 · $35M

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)inOmri Bloch(Director)

BoardArpit Mittal(Director)inRyan Mandl(Director)in

Co-investors8VCThreshold VenturesBienville Capital

RoomPriceGenieroompricegenie.comin

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

Ari Andricopoulos(Founder)inJörg Siegel(Founder)in

Co-investorsBADideas.fundRKKVCSICTIC

Saylentsaylent.comin𝕏

MeridianLink Engage is a marketing personalization platform for financial institutions that transforms core and third-party data into targeted campaigns to drive lending, deposit, and card product engagement.

FintechMarketing TechSaaSFranklin, US

Tyson Nargassans(Executive Officer, Director)Russell J. Prettitore(Executive Officer)Bill Rooney(Executive Officer)Michael Stankiewicz(Executive Officer)

BoardJonathan Wallace(Director)Carl H. Novotny(Director)

Co-investorsThe Venture Capital Fund of New England

Scilifescilife.ioin𝕏Jun 2024

Scilife builds an electronic quality management system for regulated industries such as healthcare and life sciences, helping teams automate compliance workflows and advance quality operations beyond minimum standards.

Digital HealthEnterprise SoftwareHealthtechMedical DevicesSaaSBrussels, BE

Sendlane

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 portfolio

SelectQuoteNYSE: SLQT

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Five Elms Capital made?
Five Elms Capital has 67 tracked investments, including 7 dated in the last 24 months.
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.
Who does Five Elms Capital co-invest with?
Five Elms Capital most often shares deals with 8VC, Blackbird Ventures, Correlation Ventures, among 38 tracked co-investors.

Images

Five Elms Capital photoFive Elms Capital photoFive Elms Capital photoFive Elms Capital photoFive Elms Capital photoFive Elms Capital photo

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