Key Takeaways
- • Five Elms Capital has made a growth investment in DashFuel, a cloud software company serving fuel distributors, with the amount not disclosed.
- • DashFuel will deploy the capital into platform and AI development, go-to-market expansion, and customer success.
- • Five Elms partner Thomas Kershisnik says the fuel distribution software market is large and underserved by legacy technology.
- • DashFuel was founded in 2022 by CEO Miles Moen and offers a single cloud system covering quoting, tank monitoring, dispatch, delivery, billing reconciliation, and back-office integration.
- • Five Elms manages more than $3 billion, has a team of more than 80 professionals, and has invested in more than 70 software platforms, with a focus on B2B vertical-market software.
Summary
Five Elms Capital has made a growth investment in DashFuel, a software company that serves fuel distributors. The investment amount was not disclosed. The capital will fund platform and artificial intelligence development, expansion of go-to-market operations, and customer success initiatives.
DashFuel provides software that petroleum wholesalers, carriers, and retailers use to manage fuel sales and delivery. Its cloud-based system consolidates quoting, tank monitoring, dispatch, delivery, billing reconciliation, and back-office integration into one platform. The company was founded in 2022 by CEO Miles Moen.
Five Elms partner Thomas Kershisnik said the target market is large and remains underserved by legacy technology, which is the basis for the firm's interest in the company. Five Elms invests in B2B software businesses serving vertical markets. According to the firm's description, it manages more than $3 billion, employs a team of more than 80 professionals, and has invested in more than 70 software platforms.
DashFuel provides software that petroleum wholesalers, carriers, and retailers use to manage fuel sales and delivery. Its cloud-based system consolidates quoting, tank monitoring, dispatch, delivery, billing reconciliation, and back-office integration into one platform. The company was founded in 2022 by CEO Miles Moen.
Five Elms partner Thomas Kershisnik said the target market is large and remains underserved by legacy technology, which is the basis for the firm's interest in the company. Five Elms invests in B2B software businesses serving vertical markets. According to the firm's description, it manages more than $3 billion, employs a team of more than 80 professionals, and has invested in more than 70 software platforms.
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