Ryan Mandl
Five Elms Capital
Partner
Kansas City

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Category: Emerging Growth
Mark: AA

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Biography

Ryan is a Partner at Five Elms Capital, a leading growth equity firm that invests in high-growth, B2B software businesses globally. Since joining Five Elms in 2010, he has spent his career investing in software businesses. As a member of the firm’s Investment Committee, Ryan’s influence spans 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 18 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 exits Ryan has been a key influence in include Service Fusion to Evercommerce (NASDAQ: EVCM), OnBoard to JMI Equity, OrderUp to Groupon, and MemberClicks to Personify. Ryan currently serves on the boards of nine Five Elms portfolio companies: 360Player, Apptegy, AskNicely, ContractSafe, Barti, Field Agent, Ritten, RoomPriceGenie, and SingleOps. Ryan also spends significant time on value creation efforts with each of his companies, identifying and executing significant growth levers including product innovation, GTM initiatives, pricing and packaging, and M&A.


Awards

Top 40 Under 40 Growth Investors: 2025, 2024, 2023

Top Software Investors: 2024