Investment Summary

Five Elms Capital and FTV Capital Invest In SingleOps

On April 3, 2020, growth capital firms Five Elms Capital and FTV Capital invested in internet software and services company SingleOps

Investment Highlights
  • This is Five Elms Capital’s 13th and FTV Capital’s 20th transaction in the Internet Software and Services sector.
  • This is Five Elms Capital’s 23rd and FTV Capital’s 82nd transaction in the United States.
  • This is Five Elms Capital’s 2nd and FTV Capital’s 4th transaction in Georgia.

Investment Summary

Date 2020-04-03
Target SingleOps
Sector Internet Software and Services
Investor(s) Five Elms Capital
FTV Capital
Deal Type Venture

Target

SingleOps

Atlanta, Georgia, United States
SingleOps is a provider of field services solutions for the green industry. SingleOps offers Client relationship management, estimates, proposals, job-site mapping , invoicing & payments. SingleOps was founded in 2013 and is based in Atlanta, Georgia.

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Investor(S) 2

Investor

Five Elms Capital

Kansas City, Missouri, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2006
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Elms Capital is a private investment firm focused on investing $5 to $75 million in bootstrapped business services companies with $2 to $20 million in rev enue. The Firm will consider providing growth capital or to support shareholder liquidity needs. Five Elms Capital was formed in 2006 and is based in Kansas City, Missouri.


DEAL STATS #
Overall 28 of 31
Sector (Internet Software and Services) 13 of 13
Type (Venture) 18 of 19
State (Georgia) 2 of 2
Country (United States) 23 of 25
Year (2020) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-10 Lumar.io

London, United Kingdom

Lumar provides true scalability of SEO data via its cloud-based platform that is much better suited to the needs of large enterprises compared to locally-based crawlers that run on a user’s computer. DeepCrawl’s enhanced API provides users the ability to connect to productivity tools like Jira, Trello, and Asana and plug custom data sets into dashboarding platforms like Tableau, Microsoft Power BI, Klipfolio and Data Studio. Lumar was founded in 2010 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-21 SelectQuote

Overland Park, Kansas, United States

SelectQuote is a term life insurance sales company. It offers auto and home insurance. SelectQuote is based in Overland Park, Kansas.

Sell -
Investor

FTV Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 6.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FTV Capital is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.


DEAL STATS #
Overall 99 of 126
Sector (Internet Software and Services) 20 of 24
Type (Venture) 26 of 31
State (Georgia) 4 of 4
Country (United States) 82 of 103
Year (2020) 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-06 Viking Cloud

Chicago, Illinois, United States

Viking Cloud provides payment card industry, cybersecurity and compliance solutions that help businesses to improve security and acquiring organizations to reduce risk. Viking Cloud was founded in 1989 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-28 Docupace Technologies

Culver City, California, United States

Docupace Technologies provides secure and federal and state law compliant electronic processing platforms for financial institutions and the wealth management industry. It offers a web-based straight-through processing platform that helps financial services firms meet SEC/FINRA compliance requirements. Docupace Technologies is based in Culver City, California.

Buy -