Fund profile / United States

Five Elms Capital Fund VI

Geography
United States
Stage
Series A
Fund size
$1100M
Focus
SaaS
Signals
Published
Share
N°01 / About

About Five Elms Capital Fund VI

Five Elms Capital Fund VI is a venture capital firm based in United States, focusing on Series A stage investments. The fund actively supports founders building innovative solutions in SaaS, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionUnited States
Funding StageSeries A
Industry Focus
SaaS

Investor Signals Profile

active

Sweet Spot

AI-forward founder-led B2B SaaS, vertical market, strong retention

B2B SaaS
vertical software
growth equity
founder-owned
culture-driven
AI-powered
category disruption
agentic capabilities
market share capture

Bullish Signals

$3B AUM, Fund VI $1.1B (2024)external
47 active portfolio cos, 42 exitsexternal
80+ team, 400+ transactionsexternal
17+ years software investing experienceexternal
$15M–$150M+ flexible check sizeexternal
70+ global software platforms backedexternal
Dedicated operational value creation teamexternal
Fund I–VI: consistent AUM growth since 2007website
Multi-round support availablewebsite
Founder liquidity + growth capital offeredwebsite
Humility + hustle culture — non-incumbent mindsetwebsite
Operational value-add: sales ops, marketing, finance, hiringwebsite
Challengers to incumbents — category disruption focuswebsite
AI-forward: hands-on Value Creation AI teamwebsite
Portfolio: behavioral health, edtech, geotech, integrations, accountingwebsite
Agentic capabilities — unlocking new revenue opportunitieswebsite
20+ year consistent focus & values with growthwebsite
Founders know customers, lived their challenges firsthandwebsite
Five Elms name: non-incumbent, work harder, move fasterwebsite
Tailored capital structure per founder + company stagewebsite

Contrarian Signals

Growth equity — not early stageexternal
Majority stakes possible — dilution riskexternal
No GPs publicly named on siteexternal

Founder Do's

Show strong product retention metrics
Demonstrate vertical market domain expertise
Highlight intentional company culture
Be open to majority or minority stakes
Prove must-have, sticky product
Build AI into core product
Challenge incumbent market leaders
Solve specialized vertical market problems with AI
Lived experience in your customer's challenges

Founder Don'ts

Don't come pre-VC-backed / non-founder-owned
Don't lack clear category leadership angle
Don't ignore culture as growth lever
Don't build generic horizontal solutions
Don't lack product-market fit proof

37 signals on Five Elms Capital Fund VI

20 bullish · 3 contrarian · 9 pitch do's · 5 don'ts, each with its source. From €9/month, cancel anytime.

Facts

Fund Overview

Fund Size$1100M
Saves0
People

Key People

Fred Coulson, Thomas Kershisnik

N°04 / See also

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