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Investment Summary

Five Elms Capital Invests In Practice Better

On April 27, 2023, growth capital firm Five Elms Capital invested in software company Practice Better

Investment Highlights
  • This is Five Elms Capital’s 7th transaction in the Software sector.
  • This is Five Elms Capital’s 1st transaction in Canada.
  • This is Five Elms Capital’s 1st transaction in Ontario.

Investment Summary
Date 2023-04-27
Target Practice Better
Sector Software
Investor(s) Five Elms Capital
Deal Type Growth Capital

Target

Practice Better

Toronto, Ontario, Canada
Practice Better is an all-in-one practice management software solution transforming how health & wellness professionals run their practices and support their clients. The company serves 10,000+ customers in over 70+ countries across the globe, and processes hundreds of millions annually in payments on behalf of customers. In addition to supporting thousands of nutrition-focused practitioners and coaches, Practice Better has seen incredible adoption from other verticals within the health and wellness space including naturopathic doctors, chiropractors, mental health therapists, and other wellness professionals. Its platform empowers wellness professionals to streamline admin work, engage clients, and scale their practices beyond the traditional 1:1 model. Practice Better is a based in Toronto, Ontario.

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Investor(S) 1

Investor

Five Elms Capital

Kansas City, Missouri, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2006
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Elms Capital is a private investment firm focused on investing in and partnering with founder-owned bootstrapped business services companies. The Firm will consider providing growth capital or to support shareholder liquidity needs. The Firm typically looks to invest $15 to $150 million of equity capital per transaction. Five Elms Capital was formed in 2006 and is based in Kansas City, Missouri.

DEAL STATS #
Overall 30 of 31
Sector: Software M&A 7 of 8
Type: Growth Capital M&A Deals 10 of 11
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-27 Aline

Louisville, Kentucky, United States

Aline is a provider of CRM solutions for the senior living industry. Aline was founded in 2011 and is based in Louisville, Kentucky.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-05 Apptegy

Little Rock, Arkansas, United States

Apptegy is a provider of communication and content publishing solutions for K-12. Apptegy envisions a world where any school district, regardless of technical capacity, can embrace the power of digital interactions to provide the best education for their students. Apptegy was founded in 2015 and is based in Little Rock, Arkansas.

Sell -
Mergr

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