Five Elms Capital

We invest in capital-efficient SaaS companies ready to take the next big jump. Our founder's roots run deep. Entrepreneurs ourselves, for thirty years our mission has been to help tech founders grow and realize their vision. Our first decade focused on financial advisory, having advised over 200 tech firms on high-value outcomes. Operators at heart, we launched Kennet’s US presence in 2000 with a focus on helping founder-led bootstrapped companies achieve their potential. Over the past 20 years, we have taken an entrepreneurial approach to international investing by combining analytics, talent, and capital to cultivate over 50 high-growth ventures with almost $1 billion invested globally. In 2021, Kennet recapitalized, and the North American and European teams restructured to focus on their respective markets. The result is Savant Growth; a US fund with a powerful software and operations platform dedicated to accelerating growth for capital-efficient SaaS companies. Our mission is to help our founders/CEOs build high-growth market-leading companies. We do not work alone. We have the power of our operations platform through DevSavant and SaleSavant. We continue to partner with Kennet, managing Kennet V's and Kennet VI's US investment program. Together, we work to achieve global market leadership for our companies.

We look similar, but we're fundamentally different to other venture funds. We've built our own businesses. We're investing our own money. We're not limited in what we can do. We invest in people, not ideas. We seek founders who are passionate about building generationally great companies. We focus on fast growth tech companies ...but we’re infinitely inquisitive Our depth of experience and lack of constraint are powerful when it comes to working with great founders. Our experience lends itself to founders of technology start-ups who are building growing businesses and who value our capital and experience. We look for growth equity positions, where we’re all on the same side of the table. Because we've been there before, we’re interested in simple capital tables with aligned, participating shareholders. Our best experiences have been when we're the only shareholder, and when we invested at inception. We don’t have a fund horizon or limitations. This lets us play the long-game for the truly outstanding companies. Our view is that it's your company and we'll do what we can to help you succeed. We're happy to buy founder or secondary shares where it makes sense. Fundamentally, what matters to us is that we back high integrity founders to build world-class businesses. Our Investment Focus This is what we value and look for in our investments. But we’re infinitely inquisitive (that is, we break rules!). So if your business doesn’t necessarily tick all these boxes and you are raising venture / growth capital or might in the future, please drop us a line (no, it doesn’t need to be a warm intro!) Great people: Passionate entrepreneurs that we like and want to work with. Complex domains: Companies that are solving significant problems. Business software: Software that has the capacity to be mission critical over time. Recurring revenue: Business models which are – or look like – recurring revenue. Growing markets: Markets that are rapidly growing (though we often find the best SaaS businesses start with small TAMs). Founders we can help: Companies and founders who have a deep ability to scale and learn and where we understand their domains.

We offer bespoke growth capital solutions to emerging software companies to fuel growth-focused initiatives. Exclusively dedicated to software investing, we bring deep domain expertise to deliver meaningful, tangible value to our portfolio companies. We sit in Los Angeles and Miami and invest globally wherever there is need for flexible capital. With over eight years investing and 25+ platform investments under our belt, we target opportunities of varying sizes and a broad range of transaction types. Alignment is at the core of what we do – alignment with the management teams we partner with, with our investors and with one another. We challenge ourselves to see opportunity where others don’t. We consider ourselves lucky to have the opportunity to partner with and invest in some of the best SaaS companies in the world and we take the responsibility of being a part owner and part contributor very seriously.

Marathon Venture Capital is an early-stage investor helping ambitious founders build world-class technology companies. The firm currently manages about €100 million in commitments between two funds. Our portfolio companies have raised hundreds of millions of dollars in funding from leading global investment firms while catering to customers on the Fortune 500 list or being acquired by them. We invest the first million and roll our sleeves up to help you build a fast-growing,world-class software company.

Zenda Capital is a thesis-driven, tech investment firm led by operators investing their own money. Our team started and exited three companies, and helped build the foundational team that scaled Twilio to $60Bn in market cap. We win by investing in category-dominant, B2B tech companies before they're obvious. We apply the same approach through which we’ve built a track-record of outperformance (7.5x MOIC, +110% IRR*) We partner with founders in the U.S. and LATAM as early as the formation stage, and support them through early-growth. Our first checks range from $250k to $1.5M, sometimes as co-founders of companies. We operate as business owners, and not just investors. Our focus is on helping founders solve problems for which there are no playbooks, but where our capital, operating experience, and network can help. 🔥 Our Mission We believe entrepreneurship is one of the greatest expressions of purpose by mankind. We look to find the best, overlooked, B2B entrepreneurs and be the first to invest in them. Our background as B2B founders and operators gives us an edge in connecting with these entrepreneurs and helping them win. 🧭 Guiding Principles Principle 1: Courage to be authentic → looking for opportunity where others don't, **and **believing first, when it’s non-obvious, is our path to greatness. Principle 2: Business owners, not investors → we exist to help founders build great businesses, not just to allocate capital. Principle 3: Enabling founders to win is our strategy → by **helping solve problems for which there are no playbooks, but where our capital, operating experience, and network can help. Principle 4: Decision quality is our product → we’re relentless about continuous learning and improving our decision process. Principle 5: Outperformance is our moat → helping founders build valuable companies is our north star. All else is secondary. Σ Investment StrategyWinning Formula: combining research with an entrepreneurial mindset to create opportunity. Focus: B2B tech in U.S. & LATAM. Role: lead/co-lead, participate (selectively) Entry Stages: incubation**,** pre-seed, seed. First Check Size: $250-500k (Incubation & Pre-Seed) up to $1.5M (Seed). Follow On: indefinitely, as long as risk adjusted returns make sense to us.

As former entrepreneurs and operators, we have been in your shoes. We have founded, built and sold companies; we have recruited and led employees and management teams; and we have tackled many of the challenges that are unique to early-stage companies. With over 100 years of collective experience as founders, operators and board members, we have plenty of scar tissue and insights to help you avoid pitfalls and to optimize your business. We consider every investment to be a long-term partnership and aim to bring much more than just capital to help you build your company. In addition to evaluating every investment on the fundamentals, we are particularly interested in finding opportunities that leverage our experiences and unique resources. We focus only on industry segments that we know extremely well and where we have deep, relevant networks that can be tapped for our companies. We love early-stage technology investing and are energized by working with brilliant entrepreneurial minds. We are excited to share our operational experience and entrepreneurial instincts. We are a small team, which allows us to be responsive and nimble, working at the same clock speed as our entrepreneurial partners. We bring complementary backgrounds and leverage every member of our team for every company.