We are thrilled to share that Five Elms Partner, Joe Onofrio, has been named to GrowthCap’s Top Software Investors of 2025 for the second year in a row.
Please see the excerpt on Joe from GrowthCap below:
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 15 years, has been involved in close to 25 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, accelerating growth and further cementing their role as industry leaders.
He currently serves on the boards of several Five Elms portfolio companies, including Crelate, FMX, IntelligenceBank, Karbon, Magma Math, Scilife, Skedda, Userlane, and Vajro. 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
Join us in congratulating Joe and his fellow honorees on this achievement – we're incredibly proud to have him as part of our team!
Read more about the full list of winners, as well as selection criteria and methodology, on GrowthCap’s website here.
GrowthCap’s Top Software Investors of 2025 Award (awarded on October 1, 2025). The Top Software Investors of 2025 recognition is awarded by GrowthCap, an independent, third-party that is not affiliated with Five Elms Capital. According to GrowthCap, nominees applied and were independently assessed based on their written responses to questions on GrowthCap’s nomination form and other information they provided, including on breadth of experience and performance metrics for the periods of calendar year 2025. GrowthCap also took into consideration third-party feedback from portfolio company CEOs and other executives. The number of nominees reviewed for this recognition was not disclosed to Providence, and therefore, it and the percentage of nominees receiving the recognition, cannot be disclosed herein. GrowthCap’s recognition is not indicative of Five Elms Capital's future performance and was not based on the evaluations of clients or investors of Five Elms Capital. Five Elms Capital applied to receive the award and paid a fee to participate in and distribute the results.