We're excited to celebrate two of our outstanding partners, Ryan Mandl and Joe Onofrio, on their recognition in GrowthCap's Top Software Investors of 2024 list!
Ryan and Joe, who both joined Five Elms in 2010, have been instrumental in driving our firm's success over the past 14 years. Their expertise and leadership have not only shaped our investment strategy but also contributed significantly to the growth of our portfolio companies.
Please see their excerpts from the GrowthCap feature below:
Joe Onofrio
Joe Onofrio is a Partner and Co-Investment Chair at Five Elms Capital, a leading growth equity firm that invests in B2B software businesses globally. He joined Five Elms in 2010 and over the last 14 years has been involved in close to 20 investments across a wide range of software verticals. As a member of the investment committee, Joe draws from his prior experience investing in public and private markets across the US and Asia to support founder-owned SaaS businesses to accelerate growth and further cement their role as industry leaders.
He currently serves on the boards of several Five Elms portfolio companies, including Crelate, FMX, IntelligenceBank, Karbon, Scilife, Skedda, and Userlane. Prior to joining Five Elms, Joe worked as an investor with Jayhawk Capital. Joe holds an MBA from the Stanford Graduate School of Business, where he was an Arbuckle Leadership Fellow, and a BS in finance from the University of Kansas.
“At Five Elms, we’ve honed our approach to transform great products into extraordinary businesses. This award validates our philosophy: innovative products plus remarkable people yield exceptional outcomes. As we continue supporting founder-owned SaaS businesses across diverse verticals, our commitment to being true growth partners remains steadfast. I’m grateful to collaborate with talented founders in scaling category-defining software platforms globally.” Joe Onofrio
Ryan Mandl
Ryan Mandl is a Partner at Five Elms Capital, a leading growth equity firm that invests in B2B software businesses globally. Joining in 2010, Ryan has spent his entire career investing in software businesses at Five Elms. As a member of the firm’s Investment Committee, his biggest strengths span across the deal and company lifecycle, making him a valuable asset to the firm and a trusted partner to the companies he works with. Ryan has helped lead 17 investments and numerous exits, including the recent recapitalization of Apptegy with JMI Equity and the sale of Tagger to Sprout Social (Nasdaq: SPT). Other notable successful exits Ryan has been a key influence on include Service Fusion to Evercommerce (Nasdaq: EVCM), OnBoard to JMI Equity, and MemberClicks to Personify.
Ryan currently serves on the boards of six Five Elms portfolio companies: Apptegy, AskNicely, ContractSafe, Field Agent, SingleOps, and Skedda. When he is not focused on new deal generation, Ryan spends significant time on value creation efforts with each of his companies, helping to identify and execute significant growth levers, including product innovation, go-to-market initiatives, pricing and packaging, and M&A, among others.
“For 17 years, Five Elms has partnered with innovative software companies, reinforcing our belief that exceptional people drive successful SaaS businesses. As we invest in high-growth B2B software globally, we remain focused on fostering strong partnerships and driving value creation. I’m honored to support visionary founders as they build category-leading companies and shape the future of software.” – Ryan Mandl
Congratulations to the other deserving investors honored! View the full list from GrowthCap here.