Private Equity Firm Software

Five Elms Capital

Kansas City, Missouri, United States

Five Elms is a growth investor in software businesses that users love, providing capital and operational resources to help companies accelerate growth and improve retention. The firm has $3B in assets under management and invests in more than 70 software platforms globally, with an operational value creation team supporting portfolio companies across growth, executive team build-out, customer retention, sales and marketing efficiency, analytics infrastructure, and expansion into new markets.

Focus Areas
Software platforms, Growth investing in software, Vertical SaaS (portfolio focus)
Website
fiveelms.com

Tracked deals

5

5 tracked deals across 2021-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

2 buyout · 2 growth capital · 1 addon

Five Elms Capital Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for Five Elms Capital. 1 2021 1 2024 2 2025 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    ActiveProspect, Five Elms Capital
    Target
    Verisk Marketing Solutions
    Seller
    Verisk Analytics
    Industry
    Cloud & SaaS
    Location
    United States
    Type
    Buyout

    ActiveProspect acquired Verisk Marketing Solutions from Verisk Analytics in December 2025. Following the acquisition, ActiveProspect rebranded the business as InfutorData to focus on identity resolution and marketing intelligence, while reinforcing its lead certification and TCPA compliance capabilities.

  • Buyer
    Five Elms Capital
    Target
    Barti Software
    Industry
    Cloud & SaaS

    Barti Software, an AI-powered EHR and practice management platform for eye care, raised a $12 million Series A round led by Five Elms Capital to scale go-to-market, grow the team, and accelerate AI product development as it expands into ophthalmology. Barti, headquartered in San Francisco, has onboarded more than 200 practices and will use the funding to expand integrated features and automation for eye care providers.

  • Buyer
    Luminate Capital Partners, Five Elms Capital
    Target
    FMX
    Industry
    Cloud & SaaS

    Luminate Capital Partners has made a strategic growth investment in Facilities Management Express (FMX), joining existing investor Five Elms Capital, which will retain a significant stake. The capital will be used to accelerate FMX’s product roadmap — including AI-based innovations — to expand its cloud-based facilities and asset management platform serving schools, municipalities and other commercial facilities.

  • Buyer
    SingleOps, FTV Capital, Five Elms Capital
    Target
    Landscape Management Network (LMN)
    Seller
    Serent Capital
    Industry
    Cloud & SaaS
    Location
    Ontario, Canada
    Type
    Buyout

    SingleOps has merged with Landscape Management Network (LMN), acquiring the Serent Capital‑backed vertical SaaS provider for the green industry. The combined company will be led by SingleOps CEO Mark Sedgley and is supported by a growth equity investment from existing investor FTV Capital with participation from Five Elms Capital, creating a market‑leading business management and payments platform serving landscaping, tree care and snow removal customers across North America.

  • Buyer
    Playvox, Five Elms Capital
    Target
    Agyle Time
    Industry
    Cloud & SaaS
    Location
    Victoria, Australia
    Type
    Addon

    Playvox, a CRM-connected omnichannel contact center SaaS provider, acquired Agyle Time, a cloud-native workforce management (WFM) software vendor, to broaden its workforce optimization capabilities. At the same time Playvox raised $25 million led by Five Elms Capital, providing growth capital to accelerate product development, go-to-market expansion, and global growth.

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