Five Elms Capital today announced the closing of Five Elms V with $780 million in capital commitments, bringing their assets under management to a claimed $1.5 billion. The KC-based private equity firm focuses on software startups with B2B platforms for investments ranging between $5M and $75M.
“Our team is particularly excited about the number of founders from Five Elms portfolio companies that personally invested in Five Elms V,” said Fred Coulson, founder and Managing Partner, in a release. “The new fund will allow us to continue supporting world class founders in hiring amazing talent, scaling culture, optimizing operations, and pursuing M&A as they continue to build platforms that users love.”
Since the firm’s inception in 2006, Five Elms has partnered with 50 software companies with operations across 16 countries.
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