DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Five Elms Capital
Five Elms Capital
Private equity with venture activity · probableKansas City, MOfiveelms.comSEC registered investment adviser
We are active and experienced software investors investing in B2B software founders who are passionate about their product, people and culture.
registered adviser; venture funds are 0% of 19 private funds
Importance
42
elevated
Active deployment
8
low
Emerging
0
low
Completeness
81
high
Freshness
100
high
Research priority
6
low
Identity and regulatory footprint
- Headquarters
- Kansas City, MOadviserinfo.sec.gov
- Office address
- 4801 MAIN ST., STE. 700, Kansas City, MO, 64112adviserinfo.sec.gov
- Business phone
- (913) 953-8960adviserinfo.sec.gov
- Website
- HTTP://WWW.FIVEELMS.COM
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 28, 2024
- Private funds reported
- 19 (0 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $2.4Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $2.4Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 55
- Owners on Schedule A
- Five Elms Capital (Managing Member), NA
- business phone
- (913) 953-8960adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
2 observed deals
Stated (the firm’s website)
- Sectors
- ai
- Stages
- not stated or not yet read
- Geography
- canada, globally, new york, ohio, philadelphia
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation
series b 100%
Stage at first entry
series b 100%
Sectors
Other Technology 100%
lead rate 100%follow-on rate 0%new logos, 12 months 2
Funds and vehicles
7 reported, 2 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Five Elms III B, LP | Fund · ADV: Private Equity Fund | 2017 adv first reported | Harvest | $108M Mar 28, 2024 | 39 | $0 of $125M | Sep 28, 2016 |
| Five Elms III Q, LP | Fund · ADV: Private Equity Fund | 2017 adv first reported | Harvest | $64.5M Mar 28, 2024 | 72 | $0 of $125M | Sep 28, 2016 |
| Five Elms III a, LP | Fund · ADV: Private Equity Fund | 2017 adv first reported | Harvest | $22.0M Mar 28, 2024 | 25 | $0 of $125M | Sep 28, 2016 |
| Five Elms Coinvest II LP | SPV or co-invest vehicle · ADV: Private Equity Fund | 2014 adv first reported | Harvest | $1.3M Mar 28, 2024 | 23 | unknown | unknown |
| Five Elms Equity Fund II LP | Fund · ADV: Private Equity Fund | 2013 form d first sale | Harvest | $25.7M Mar 28, 2024 | 93 | $19.5M | May 29, 2013 |
| Five Elms Equity Fund I LP | Fund · ADV: Private Equity Fund | unknown | Unknown | $21.5M Mar 28, 2024 | 112 | unknown | unknown |
| Five Elms Coinvest LP | SPV or co-invest vehicle · ADV: Private Equity Fund | unknown | Unknown | $1.2M Mar 28, 2024 | 14 | unknown | unknown |
| Dynamic Elms, LP | Fund · ADV: Private Equity Fund | 2016 adv first reported | Wound down | $0 Jul 2, 2019 | 0 | unknown | unknown |
| Frontier Five Elms II LP | Fund · ADV: Private Equity Fund | unknown | Wound down | $15.0M Mar 31, 2015 | 98 | unknown | unknown |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
55 current, 3 departed
Growth Investor
AssociateAssociate, Financial Performance
Joe Onofrio
AssociateAssociate, Value Creation
Daniela Riesberg
Board or advisorySenior Advisor
Dustin Hudson
Board or advisoryOperating Advisor
Hugo Nascimento
Board or advisoryOperating Advisor
Laura Wildman
Board or advisoryOperating Advisor
Adam Coffman
Founder or executiveFounder & CEO
Frederick Nathan Coulson
Founder or executiveFounder And Ceo · since Jun 1, 2007
Erin Green
Investor relationsPrincipal, Investor Relations
Brandan Fitzgerald
OtherHead of Capital Markets
Keaton Goodale
OtherBusiness Development Executive
Fred Coulson
PartnerManaging Director, Value Creation
Kristin Rosberg
PartnerPartner
Lauren Janek
PartnerPartner
Pranav Makam
PartnerPartner
Ryan Mandl
PartnerPartner
Scott Noll
PartnerPartner
Aziz Hajji
Platform and operationsSenior Associate, Talent
Benedict Rocchio
Platform and operationsVice President, Talent
Claire Barker
Platform and operationsPrincipal, Financial & Investor Operations
Francisco Bolota
Platform and operationsAnalyst, Financial & Investor Operations
Gabrielle Diederich
Platform and operationsSr. Associate, Financial & Investor Operations
Jack Caffrey
Platform and operationsAnalyst, Talent
Jackson Stamper
Platform and operationsExecutive Assistant
Jennifer Ann Timmons Witt
Platform and operationsGeneral Counsel · since Feb 1, 2023
Joshua Aroesty
Platform and operationsExecutive Assistant
Kalie Renee Mccollaugh
Platform and operationsChief Compliance Officer · since Sep 1, 2016
Kathleen Ashlock
Platform and operationsExecutive Assistant
Matthew Tanner
Platform and operationsVice President, Sourcing & Data Operations
Megan Krier
Platform and operationsExecutive Assistant
Megan Liu
Platform and operationsAssociate General Counsel
Miguel Paranhos
Platform and operationsVice President, Financial & Investor Operations
Mike Welch
Platform and operationsDirector, Talent
Parker Larson
Platform and operationsAssociate, Financial & Investor Operations
Pat McClain
Platform and operationsDirector of Finance
Reed Edwards
Platform and operationsLegal Analyst
Ryan Mandl
Platform and operationsOffice & Events Manager
Sasha Willimann
Platform and operationsGeneral Counsel
Thomas Kershisnik
Platform and operationsDirector, Value Creation - Marketing
Zach Gornet
Platform and operationsAssociate, Talent
Cooper Bushey
PrincipalPrincipal, Value Creation
Erin Holm
PrincipalDirector, Value Creation - Technology
James Dutton
PrincipalPrincipal
Kelly Mayerle
PrincipalPrincipal, Financial Performance
Kylie Uvodich
PrincipalDirector, Value Creation
Michael Tumberger
PrincipalDirector, Value Creation
Nick Geannacopulos
PrincipalPrincipal
Reed Edwards
PrincipalPrincipal
Rob Hurst
PrincipalPrincipal, Value Creation
Tristan Locke
PrincipalDirector of Business Development
Alice Fitzgerald
Vice presidentVice President
John Aliber
Vice presidentVice President, Business Development
Joseph Miles
Vice presidentVice President
Kalie McCollaugh
Vice presidentSenior Associate, Value Creation
Kim Gordon
Vice presidentVice President
3 departed (kept with end dates)
- Aaron Matthew Handke · Member Of Fe Foxpoint Debt Gp, Llc · May 1, 2015 to Mar 29, 2019 Inference
- Joseph Dillon Onofrio · Member Of Frontier Five Elms Equity Fund Ii Gp, Llc · Oct 1, 2011 to Mar 29, 2019 Inference
- Ryan Richard Mandle · Member Of Fe Foxpoint Debt Gp, Llc · May 1, 2015 to Mar 29, 2019 Inference
Investments on record
2 edges, 2 companies, 2 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Ritten, Inc. | Series B · Series B | lead | Ryan Mandl (confirmed) | $35.0M | unknown | Dec 11, 2025 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| Digitail Inc. | Series B · Series B | lead | Reed Edwards (confirmed) | $23.0M | unknown | Nov 10, 2025 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
4 relationships from shared deals, counted for the whole firm
Limited partners
1 disclosed
- Massachusetts Pension Reserves Investment Management Board amount undisclosed mapension.com
Timeline
21 dated events
- Jun 30, 2025Mass PRIM lists Five Elms GP among its private equity managers
- Feb 1, 2023Jennifer Ann Timmons Witt joined Schedule A of Five Elms Capital as General Counsel
- Mar 30, 2020Dynamic Elms, LP no longer reported on Form ADV by Five Elms CapitalFund no longer reportedFundsInferenceDynamic Elms, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2019Aaron Matthew Handke (Member Of Fe Foxpoint Debt Gp, Llc) no longer on Schedule A of Five Elms Capital
- Mar 29, 2019Ryan Richard Mandle (Member Of Fe Foxpoint Debt Gp, Llc) no longer on Schedule A of Five Elms Capital
- Mar 29, 2019Joseph Dillon Onofrio (Member Of Frontier Five Elms Equity Fund Ii Gp, Llc) no longer on Schedule A of Five Elms Capital
- Mar 31, 2017Five Elms III Q, LP first reported on Form ADV by Five Elms Capital (Private Equity Fund), GAV $17,672,643Fund first reported on Form ADVFundsFactFive Elms III Q, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2017Five Elms III a, LP first reported on Form ADV by Five Elms Capital (Private Equity Fund), GAV $17,882,074Fund first reported on Form ADVFundsFactFive Elms III a, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2017Five Elms III B, LP first reported on Form ADV by Five Elms Capital (Private Equity Fund), GAV $37,714,701Fund first reported on Form ADVFundsFactFive Elms III B, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 1, 2016Kalie Renee Mccollaugh joined Schedule A of Five Elms Capital as Chief Compliance Officer
- Mar 30, 2016Frontier Five Elms II LP no longer reported on Form ADV by Five Elms CapitalFund no longer reportedFundsInferenceFrontier Five Elms II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2016Dynamic Elms, LP first reported on Form ADV by Five Elms Capital (Private Equity Fund), GAV $1,138,854Fund first reported on Form ADVFundsFactDynamic Elms, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 1, 2015Ryan Richard Mandle joined Schedule A of Five Elms Capital as Member Of Fe Foxpoint Debt Gp, Llc
- May 1, 2015Aaron Matthew Handke joined Schedule A of Five Elms Capital as Member Of Fe Foxpoint Debt Gp, Llc
- Mar 28, 2014Five Elms Coinvest II LP first reported on Form ADV by Five Elms Capital (Private Equity Fund), GAV $2,714,496Fund first reported on Form ADVFundsFactFive Elms Coinvest II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2014Five Elms Equity Fund II LP first reported on Form ADV by Five Elms Capital (Private Equity Fund), GAV $36,497,739Fund first reported on Form ADVFundsFactFive Elms Equity Fund II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Frontier Five Elms II LP first reported on Form ADV by Five Elms Capital (Venture Capital Fund), GAV $7,267,641Fund first reported on Form ADVFundsFactFrontier Five Elms II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Five Elms Capital first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Five Elms Coinvest LP first reported on Form ADV by Five Elms Capital (Venture Capital Fund), GAV $2,031,086Fund first reported on Form ADVFundsFactFive Elms Coinvest LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Five Elms Equity Fund I LP first reported on Form ADV by Five Elms Capital (Venture Capital Fund), GAV $33,281,053Fund first reported on Form ADVFundsFactFive Elms Equity Fund I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 1, 2011Joseph Dillon Onofrio joined Schedule A of Five Elms Capital as Member Of Frontier Five Elms Equity Fund Ii Gp, Llc
Classification history
- Sep 12, 2026Private equity with venture activity (probable, 75%, cls-1)registered adviser; venture funds are 0% of 19 private funds
Evidence
42 observations from 2 sources