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Five Elms Capital

Medium
Not on record · Founded 2007 · Website
Growth equityFlexible capital solutionsOperational value addB2B softwareAI-powered softwareVertical market softwareBehavioral health softwareK-12 instructional math softwareGeotechnical data management and subsurface reporting softwareMaintenance management solutionsWork management for accounting firms
Last verified
11/10/2026

Firm Overview

71
Portfolio tracked
8
Sectors
0
Regions
11/10/2026
Last verified

Five Elms Capital partners with B2B software founders to provide flexible capital and operational expertise to vertical market leaders. The firm focuses on backing the next generation of AI-powered software businesses that serve specialized vertical markets.

Five Elms is a software investor that combines capital with operational support in areas such as talent recruitment, sales and marketing operations, and financial infrastructure. The firm works with founders building AI-powered solutions that take market share from incumbents and unlock new revenue opportunities through agentic capabilities.

The firm manages over $3 billion in assets and employs more than 80 professionals. Its investment approach emphasizes partnering with businesses that exhibit strong product-market fit, high retention rates, and the potential to scale to successful outcomes.

Founded2007
StrategiesGrowth equity, Flexible capital solutions, Operational value add
Sector focusB2B software, AI-powered software, Vertical market software, Behavioral health software, K-12 instructional math software, Geotechnical data management and subsurface reporting software, Maintenance management solutions, Work management for accounting firms

Leadership

Fred Coulson
Founder & CEO
Thomas Kershisnik
Partner
Ryan Mandl
Partner
Joe Onofrio
Partner
Stephanie Schneider
Partner
Randy Cox
Managing Director, Value Creation
Jenny Witt
General Counsel
Anthony Fortino
Head of Capital Markets
Will Lynn
Director of Business Development
Kylie Uvodich
Director, Value Creation
Mike Welch
Director, Value Creation
Laura Wildman
Director, Talent
Megan Krier
Director, Value Creation - Marketing
Dustin Hudson
Director, Value Creation - Technology
Kalie McCollaugh
Director of Finance
Reed Edwards
Principal
Austin Gideon
Principal
Grace Grunau
Principal, Investor Relations
Pat McClain
Principal, Financial Performance
David Barnthouse
Principal, Financial & Investor Operations

Portfolio on record

Portfolio by sector
  • B2B Software20 of 71
  • Unclassified17 of 71
  • Consumer7 of 71
  • Business Services5 of 71
  • Healthcare5 of 71
  • Education4 of 71
  • Professional Services4 of 71
  • Energy3 of 71
  • Industrials3 of 71
  • Financial Services2 of 71
  • Logistics1 of 71

71 portfolio companies on record in the index, grouped by sector hub.

Current and exited
Current: 47 of 71Exited: 24 of 71
Portfolio size among all firms

71 companies on record, more than 77% of the 405 firms in the index.

0885 companies (log scale)

Portfolio Companies

CompanySectorStatusWebsite
3360PlayerSports club management softwareCurrentNot on record
AAbodeRecruiting SoftwareCurrentNot on record
AActiveProspectOptimization & compliance softwareCurrentNot on record
AApptegyK-12 school communications platformCurrentNot on record
AAskNicelyCX management platformCurrentNot on record
AAuroraXMPPower market modeling softwareExitedNot on record
BBartiEHR and practice management for eye careCurrentNot on record
BBookly.coOnline tax & accounting for SMBsExitedNot on record
BBoreDMGeotechnical data management and subsurface reporting softwareCurrentNot on record
CCatapultAir & ocean contract management techExitedNot on record
CClaravineMarketing data management softwareCurrentNot on record
CContinuEnterprise learning platformCurrentNot on record
CContractSafeCloud contract management platformCurrentNot on record
CCovideoVideo messaging for sales teamsCurrentNot on record
CCrelateRecruiting agency CRM and tracking systemCurrentNot on record
DDarkOwlDarknet intelligence for security risksCurrentNot on record
DDashFuelPetroleum distribution management softwareCurrentNot on record
DDigitailVeterinary management softwareCurrentNot on record
FFableDigital accessibility SaaS solutionsCurrentNot on record
FFlywheelWordPress hosting platformExitedNot on record
FFMXMaintenance management solutionsCurrentNot on record
FFXCMForeign exchange trading platformExitedNot on record
GGoReactVideo-based skills learning platformExitedNot on record
GGranumLandscaping field service managementCurrentNot on record
GGymdeskBoutique gym management softwareCurrentNot on record
HHubbVirtual, onsite, & hybrid event platformExitedNot on record
IIntelligenceBankDigital asset & marketing ops platformCurrentNot on record
KKarbonWork mgmt. for accounting firmsCurrentNot on record
LLaborChartWorkforce mgmt. for constructionExitedNot on record
LLumarSEO performance monitoring platformCurrentNot on record
MMMagma MathK-12 instructional math softwareCurrentNot on record
MMemberClicksWebsite & membership managementExitedNot on record
MMotivityClinical behavioral health softwareCurrentNot on record
OnBoard logoOnBoardSecure board & employee collaborationExitedNot on record
OOpenReelEnterprise video production platformCurrentNot on record
OOpiniionResident engagement softwareCurrentNot on record
OOpus1Practice mgmt. for performing artsCurrentNot on record
OOrderUpMobile food delivery platformExitedNot on record
OOutfitBranded marketing material creationExitedNot on record
PPanoptaNetwork infrastructure monitoringExitedNot on record
PPathifyEngagement software for higher educationCurrentNot on record
PPOWWRRetail energy demand forecasting toolsCurrentNot on record
PBPractice BetterPractice mgmt. for health industryCurrentNot on record
PPrismaticB2B software integrations platformCurrentNot on record
PProspyrAesthetics & wellness practice management softwareCurrentNot on record
PProxyclickVisitor management softwareExitedNot on record
RReachdeskCorporate gifting platformCurrentNot on record
RRebrandlyBranded link management platformCurrentNot on record
RRFP360RFx creation & evaluation platformExitedNot on record
RRittenBehavioral health softwareCurrentNot on record
RRoomPriceGenieRevenue management software for independent hotelsCurrentNot on record
SSaylentPayment intelligence solutionExitedNot on record
SScilifeLife sciences quality mgmt. systemCurrentNot on record
SSelectQuoteDirect-to-consumer insurance platformExitedNot on record
SSendlaneeCommerce marketing solutionCurrentNot on record
SFService FusionHome service field mgmt. softwareExitedNot on record
SSherpaCRM for senior livingExitedNot on record
SShippyProeCommerce shipping automationCurrentNot on record
SSiteHawkEHS & compliance for manufacturersExitedNot on record
SSkeddaSpace mgmt. & scheduling solutionCurrentNot on record
SSkynamoField sales management for retail B2BExitedNot on record
SWSmart WarehousingeCommerce warehousing & fulfillmentCurrentNot on record
SSpaceliftInfrastructure-as-code provisioning and orchestrationCurrentNot on record
SStoresightRetail operations and analytics softwareCurrentNot on record
TTaggerCreator marketing workflow softwareExitedNot on record
TTeamDynamixITSM, PPM, & resource managementExitedNot on record
TTrackforceSecurity guard field managementExitedNot on record
TTrybeSpa and leisure management softwareCurrentNot on record
UUrgentIQAI-native operating system for urgent care centersCurrentNot on record
UUserlaneSoftware adoption platformCurrentNot on record
VVajroOnline stores to mobile app conversionCurrentNot on record

Source: https://www.fiveelms.com/portfolio

Firms that also back Five Elms Capital's companies

Co-investor web
Five ElmsCapitalLevel EquityLevel Equity: 3 shared companies on recordJMI EquityJMI Equity: 2 shared companies on recordFTV CapitalFTV Capital: 1 shared companies on recordL CattertonL Catterton: 1 shared companies on recordLuminate Capital PartnersLuminate Capital Partners: 1 shared companies on recordThe Riverside CompanyThe Riverside Company: 1 shared companies on record

Line width shows shared portfolio companies on record in the index. Top 6 co-investors shown.

This profile is based on publicly available information and may be incomplete or outdated. PE Firm Index is not affiliated with Five Elms Capital and does not provide investment advice.

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