# Five Elms Capital: portfolio, investments and team > Five Elms Capital is a vc firm based in United States. 55 investments on record, 7 in the last 12 months, latest Oct 2026. Source: https://millionrounds.com/fund/five-elms-capital (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Five Elms Capital Last cheque observed Oct 2026; 55 cheques on record. Email Deploying now New fund, Apr 2026 VC firm Series A Series B Growth Recurring B2b2c Collaboration Tools Follow Five Elms Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ffive-elms-capital) Deploying now **58%** of best year **7** **cheques in 12 months**, 55 on record Since the last cheque **10** days **00** hrs **00** min **00** sec Median round **$14M** Cheque size, as they say **$5.0M – $50M** Rounds led **3 of 55** Sole investor **29 rounds** Exits **2 from the portfolio** Mostly in **United States, 69%** Pitch Five Elms Capital ## Five Elms Capital highlights - 01 7 cheques in the last 12 months - 02 Mostly Venture and Series A: 61% of its rounds - 03 Sole investor in 29 rounds, median $10M - 04 2 exits from the portfolio ## What they do > We are active and experienced software investors investing in B2B software founders From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** $5.0M – $50M as they say - **Stages:** Series A Series B Growth - **Sectors:** Recurring B2b2c Collaboration Tools - **Based in:** Kansas City, United States - **Cold pitches:** Not accepted ## The record Every round we can evidence, newest first **55 appearances** - **2026** 4 rounds - **Oct** **[DashFuel](https://millionrounds.com/company/dashfuel)** Growth · US · PR Newswire: financing agreements **Undisclosed** *Led* - **Sept** **[UrgentIQ](https://millionrounds.com/company/urgentiq)** Series A · US **$15M** Sole investor - **Jan** **[Trybe](https://millionrounds.com/company/trybe)** Series A · GB **$30M** Sole investor - **Jan** **[Prismatic](https://millionrounds.com/company/prismatic)** Venture · CH **$5.0M** Sole investor - **2025** 10 rounds - **Dec** **[Ritten](https://millionrounds.com/company/ritten)** Series B · US **$35M** With 3 others - **Dec** **[Prospyr Medical](https://millionrounds.com/company/prospyr-medical)** Growth · US **$14M** Sole investor - **Nov** **[Digitail](https://millionrounds.com/company/digitail)** Series B · RO · Ventureburn **$23M** *Led* - **Oct** **[Magma Math](https://millionrounds.com/company/magma-math)** Venture · SE **$10M** Sole investor - **Aug** **[Barti](https://millionrounds.com/company/barti)** Series A · US **$12M** Sole investor - **Jul** **[FMX](https://millionrounds.com/company/fmx)** Venture · US **Undisclosed** With 1 other - **Jul** **[Spacelift](https://millionrounds.com/company/spacelift)** Series C · US **$51M** With 3 others - **Mar** **[Motivity](https://millionrounds.com/company/motivity)** Venture · US **$27M** Sole investor - **Feb** **[RoomPriceGenie](https://millionrounds.com/company/roompricegenie)** Venture · CH **$75M** With 2 others - **Feb** **[Pathify](https://millionrounds.com/company/pathify)** Growth · US **$25M** Sole investor - **2024** 7 rounds - **Nov** **[SingleOps](https://millionrounds.com/company/singleops)** Venture · US **Undisclosed** With 1 other - **Nov** **[Practice Better](https://millionrounds.com/company/practice-better)** Debt · CA **$13M** With 3 others - **Oct** **[Fable](https://millionrounds.com/company/fable)** Series B · CA · TechCrunch **$25M** *Led* - **Oct** **[Claravine](https://millionrounds.com/company/claravine)** Secondary · US **$269K** With 3 others - **Sept** **[Field](https://millionrounds.com/company/field)** Grant · GB **$11M** With 1 other - **Jul** **[Gymdesk](https://millionrounds.com/company/gymdesk)** Growth · US · Firms' own news pages **$33M** Sole investor - **Jan** **[Opiniion](https://millionrounds.com/company/opiniion)** Venture · US **Undisclosed** With 1 other - **2023** 4 rounds - **Nov** **[ShippyPro](https://millionrounds.com/company/shippypro)** Series B · IT **$15M** Sole investor - **Sept** **[Karbon](https://millionrounds.com/company/karbon)** Venture · US **$11M** With 3 others - **Jun** **[Sendlane](https://millionrounds.com/company/sendlane)** Series C · US **$4.2M** With 1 other - **Jan** **[Contractsafe](https://millionrounds.com/company/contractsafe)** Growth · US **$28M** Sole investor - **2022** 6 rounds - **Aug** **[Lumar](https://millionrounds.com/company/lumar)** Venture · GB **$6.0M** With 2 others - **Jun** **[Ten Thousand Coffees (10KC)](https://millionrounds.com/company/ten-thousand-coffees-10kc)** Growth · CA **$56M** Sole investor - **Mar** **[Crelate](https://millionrounds.com/company/crelate)** Series B · US **$5.0M** Sole investor - **Jan** **[Continu](https://millionrounds.com/company/continu)** Series A · US **$14M** Sole investor - **Jan** **[Superfans](https://millionrounds.com/company/superfans)** Series A · US **$8.5M** Sole investor - **Jan** **[AskNicely](https://millionrounds.com/company/asknicely)** Series B · US **$32M** With 5 others - **2021** 4 rounds - **Nov** **[Tagger Media](https://millionrounds.com/company/tagger-media)** Series B · US **$15M** With 1 other - **Sept** **[Reachdesk](https://millionrounds.com/company/reachdesk)** Series B · US **$43M** With 4 others - **Mar** **[OpenReel](https://millionrounds.com/company/openreel)** Series A **$19M** With 2 others - **Jan** **[Playvox](https://millionrounds.com/company/playvox)** Series B **$25M** With 1 other - **2020** 2 rounds - **Aug** **[Service Fusion](https://millionrounds.com/company/service-fusion)** Venture **Undisclosed** Sole investor - **Feb** **[Outfit](https://millionrounds.com/company/outfit)** Venture · US **$20M** With 1 other - **2019** 3 rounds - **Oct** **[DarkOwl](https://millionrounds.com/company/darkowl)** Venture **$8.0M** Sole investor - **Mar** **[Apptegy](https://millionrounds.com/company/apptegy)** Venture **$13M** Sole investor - **Feb** **[PlayVox](https://millionrounds.com/company/playvox)** US · Prweb **$7.0M** Sole investor An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **7 named** FC **Fred Coulson** Sole Member of the GP of the GP i Filing they signed FN **Frederick Nathan Coulson** Founder and CEO i Form ADV JA **Jennifer Ann Timmons Witt** General Counsel i Form ADV KR **Kalie Renee Mccollaugh** Chief Compliance Officer i Form ADV LM **Lisa Murray** Director i Filing they signed NS **Neal Sharma** Director i Filing they signed TK **Thomas Kershisnik** Director i Filing they signed We also hold **18** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$3.1B** assets it manages Oct 2026 **Registered** investment adviser full reporting to the SEC - **Legal name:** FIVE ELMS Capital Management, LLC - **SEC number:** CRD 163548 Funds on its Form ADV **19** private funds, **$2.4B** in gross assets · filed Mar 2024 - Five Elms V B, L.P. *Private equity* 97 investors $463M - Five Elms V Q, L.P. *Private equity* 135 investors $339M - Five Elms IV Q, L.P. *Private equity* 97 investors $314M - Five Elms VI B, L.P. *Private equity* 80 investors $302M - Five Elms VI Q, L.P. *Private equity* 109 investors $245M - Five Elms III Apptegy CV, L.P. *Private equity* 66 investors $188M - Five Elms IV B, L.P. *Private equity* 41 investors $176M - Five Elms III B, L.P. *Private equity* 39 investors $108M - Five Elms V A, L.P. *Private equity* 58 investors $67M - Five Elms III Q, L.P. *Private equity* 72 investors $65M And 9 more on the filing. ## Exits from the portfolio Companies it backed that were later bought or listed **2 in all** **[OrderUp](https://millionrounds.com/company/orderup)** Bought by [Groupon](https://millionrounds.com/fund/groupon) **Undisclosed** Jul 2015 **[Catapult International](https://millionrounds.com/company/catapult-international)** Bought by [Mercator](https://millionrounds.com/fund/mercator) **Undisclosed** Jun 2015 An exit counts when it came after the firm's first round in the company. From historical deal records. New fund on file **Raised** a new fund in Apr 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Series A Series B Growth Median round joined **$14M** the round, not its cheque Alone, median **$10M** Led 3 of 55 rounds **5%** - **Said size:** $5.0M – $50M - **Sole investor:** 29 rounds - **Last cheque:** Oct 2026 - **Exits:** 2 from the portfolio Rounds by stage said on their site - Venture *16* - Series A said *14* - Series B said *10* - Growth said *7* - Series C *2* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [Blackbird Ventures](https://millionrounds.com/fund/blackbird-ventures-2) 2 - [CIBC](https://millionrounds.com/fund/cibc) 2 - [CIBC Innovation Banking](https://millionrounds.com/fund/cibc-innovation-banking) 2 - [DMZ](https://millionrounds.com/fund/dmz-ventures) 2 **Pitching Five Elms Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Five Elms Capital. A count of rooms they were both in, not a relationship either has claimed. [**Blackbird Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/blackbird-ventures-2)[**CIBC** VC firm **2** rounds together](https://millionrounds.com/fund/cibc)[**CIBC Innovation Banking** VC firm **2** rounds together](https://millionrounds.com/fund/cibc-innovation-banking)[**DMZ** Accelerator **2** rounds together](https://millionrounds.com/fund/dmz-ventures) ## Recently backed The latest companies Five Elms Capital put money into. [**DashFuel** Oct 2026](https://millionrounds.com/company/dashfuel)[**UrgentIQ** $15M · Sept 2026](https://millionrounds.com/company/urgentiq)[**Trybe** $30M · Jan 2026](https://millionrounds.com/company/trybe)[**Prismatic** $5.0M · Jan 2026](https://millionrounds.com/company/prismatic)[**Ritten** $35M · Dec 2025](https://millionrounds.com/company/ritten)[**Prospyr Medical** $14M · Dec 2025](https://millionrounds.com/company/prospyr-medical) ## Quick answers about Five Elms Capital ### What does Five Elms Capital invest in? Five Elms Capital invests most often at Venture and Series A (61% of the rounds on record), in sectors such as Recurring, B2b2c and Collaboration Tools. ### How active is Five Elms Capital? 55 investments on record, 7 of them in the last 12 months, and it led 3. The most recent was in Oct 2026. ### What has Five Elms Capital invested in recently? Its most recent investments on record: DashFuel (Growth, Oct 2026), UrgentIQ (Series A, Sept 2026) and Trybe (Series A, Jan 2026). ### How big are Five Elms Capital's cheques? The median round it joins is $14M. It says it writes cheques of $5.0M to $50M. ### Does Five Elms Capital lead rounds? Sometimes: it led 3 of its 55 investments on record (5%). ### Where does Five Elms Capital invest? Most of the companies it backs are in the United States (69%), the United Kingdom (9%) and Canada (9%). ### Is Five Elms Capital investing now? Yes: it is actively investing, with 7 investments in the last 12 months. ### Who does Five Elms Capital invest alongside? Most often Blackbird Ventures (2 rounds together), CIBC (2 rounds together) and CIBC Innovation Banking (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=five-elms-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=five-elms-capital)