Mode VC
Missouri

Five Elms Capital

Five Elms Capital backs enterprise software companies at Series B, typically leading rounds with checks from $10 million to over $30 million, based in Missouri.

Website
Entry stageSeries B
Check size$10M to $30M+
Leads roundsYes
FocusEnterprise software
Latest fund$1.1B Fund VI (2024)
Investing team30 peopleNo activity since Sep

Who you would pitch at Five Elms Capital

30 people on the investing team, 5 of them partners who can make the call. Partners are listed first.

Fred CoulsonFounder and CEOHe previously worked in investment banking and asset management before starting his own firms.
Joe OnofrioPartnerHe previously worked as an investor at Jayhawk Capital.
Ryan MandlPartnerHe has invested in software businesses since 2010.
Stephanie SchneiderPartnerShe previously worked as an investment banker at Citigroup and Sterne Agee.
Thomas KershisnikPartnerHe has worked at the firm throughout his entire career.
Austin GideonPrincipal
Brandan FitzgeraldVice PresidentFocus: due diligence, investment execution, portfolio support, and analyst development.
Reed EdwardsPrincipal
Renato MoraisVice PresidentHe was promoted to this role in 2024.
Zach GornetVice PresidentFocus: due diligence, investment execution, and portfolio support.
Adam CoffmanGrowth InvestorFocus: due diligence, investment execution, and portfolio support.
Ana MunozGrowth InvestorFocus: due diligence, investment execution, and portfolio support.
Ava YunGrowth InvestorHer role is listed among the team members on the firm's website.
Aziz HajjiGrowth InvestorHe is listed among the firm's team members and key people.
Benjamin DeZubeGrowth InvestorHe is also listed as a Software Investor at the firm, which focuses on B2B software companies.
Cole LyonsGrowth InvestorHe focuses on software investments, with interests in AI, fintech, healthcare, and SaaS.
Cooper CurtinGrowth InvestorHe previously held a permanent position at Five Elms Capital in Kansas City, Missouri.
Francisco BolotaAssociateHe is listed among the team members on the firm's website.
Grace TrahanGrowth InvestorShe holds a B.S.B.A. in Finance.
Grant SiskGrowth InvestorFocus: due diligence, new investment execution, and portfolio company support.
Hugo NascimentoGrowth InvestorFocus: due diligence, new investment execution, and portfolio company support.
Jackson StamperGrowth InvestorFocus: due diligence, investment execution, and portfolio support.
Josh CaseyGrowth InvestorFocus: due diligence, new investment execution, and portfolio company support.
Keaton GoodaleGrowth InvestorFocus: due diligence, investment execution, and portfolio support.

6 more on the full team.

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Writes $10M to $30M+ checks. Its smallest check is larger than 97% of firms in the atlas.

Bars: how many firms in the atlas report each band. Highlighted: this firm.

No recent activity since September 2026. Quiet does not mean closed.

Weekly count of activity updates. Activity is not a confirmed deal.

Before you pitch

Ownership target7-10%
How to reach them[email protected]

Notable investments

KarbonPrismaticFMXPractice BetterRittenMagma Math
Founders and investors at a Mode VC gathering

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Raising a pre-seed or seed round? We write $1M to $5M first checks and help founders with distribution. A partner reads every deck.

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One email when this firm shows new activity. Nothing else.

Firms like Five Elms Capital

Craft Ventures$10M to $30M+ · active Sep 29
Georgian$10M to $30M+
ICONIQ Growth$10M to $30M+
K1 Investment Management$10M to $30M+
Numeta Capital$10M to $30M+
Sageview Capital$10M to $30M+

On these lists

Series B investors in United States563Series B enterprise software investors82Series B investors604

Questions

What stage does Five Elms Capital invest in?

Five Elms Capital reports entry at series b.

How much does Five Elms Capital invest?

Five Elms Capital reports checks of $10M to $30M+.

Does Five Elms Capital lead rounds?

Yes. Five Elms Capital says it can lead.

Who are the partners at Five Elms Capital?

Fred Coulson (Founder and CEO), Joe Onofrio (Partner), Ryan Mandl (Partner), Stephanie Schneider (Partner), Thomas Kershisnik (Partner).

Is Five Elms Capital active right now?

No recent activity since September 2026.

Work at Five Elms Capital? Claim or correct this profile.