Fifth Down Capital

Venture capital firm
Boston, Massachusetts, USAFounded 2014$1.9B AUMwww.fifthdown.comSee connections →

Sector-agnostic venture and growth-stage investment firm backing companies in enterprise software, fintech, consumer and healthcare.

At a glance

Fifth Down Capital appears in 3 funding rounds tracked by ValueAddVC since 2024, leading 2. Its most frequent sector in these rounds is Enterprise Software, and its most recent tracked deal was Peregrine Technologies' $250M Series D round (Jun 22, 2026). It co-invests most often with Godfrey Capital, Goldcrest Capital and Friends & Family Capital.

Strategy

Geographies
Boston, Massachusetts, USA

Recent changes

  1. Jun 22, 2026Follow-on: Invested in Peregrine Technologies (Series D, $250M) Peregrine
  2. Mar 4, 2025Follow-on: Invested in Peregrine Technologies (Series C, $190M) Peregrine
  3. May 9, 2024Invested in Peregrine Technologies (Series B, $30M) Peregrine (summary of GovTech coverage)

Portfolio

4 total

Recent Investment Activity

3

Track record: led 2 and participated in 1 of 3 tracked venture rounds · 1 in the last 12 months · led 1 Series D, 1 Series B

Sector / Stage Activity

By sector (portfolio)
Defense
1 · 25%
Enterprise SaaS
1 · 25%
Space
1 · 25%
Security tech
1 · 25%
By stage (tracked rounds)
Series D
1 · 33%
Series C
1 · 33%
Series B
1 · 33%

Co-Investors

12

Similar Firms

overlapping sector, stage or region

Value Add Research

Latest Pulse

  1. Peregrine Raises $250M at $6.8B to Power Public-Safety AI -- and World Cup SecurityPeregrine Technologies, the Palantir-alumni-founded platform that unifies government data for police and public-safety agencies, raised a $250 million Series D at a $6.8 billion valuation -- nearly tripling its $2.5 billion mark from 15 months earlier. The San Francisco company serves 400-plus agencies covering 125 million people and will run security operations for eight of 11 U.S. host cities at the 2026 FIFA World Cup.→
  2. Public-Safety Software Maker Peregrine Raises $250M Series D at $6.8BPeregrine Technologies, which builds a data and software platform for government public-safety agencies, raised a $250 million Series D at a $6.8 billion valuation, with Sequoia Capital, XYZ Ventures and others joining lead investor Fifth Down Capital. The round marks one of govtech's largest financings and reflects surging demand for AI-enabled tools that unify fragmented police and emergency data.→
  3. Medicare-Navigation Startup Chapter Raises $100M Series E for AI-Driven Senior ToolsChapter, which helps seniors navigate Medicare without insurer-tied incentives, raised a $100 million Series E led by Generation Investment Management. The company says it tripled revenue in 2025 and surpassed $100 million in annual recurring revenue, more than doubling its valuation as it builds AI-driven financial products for an underserved senior market.→

Fifth Down Capital FAQ

What companies has Fifth Down Capital invested in?

Fifth Down Capital's portfolio includes Anduril Industries, SpaceX, Verkada, Peregrine Technologies.

Who does Fifth Down Capital co-invest with most?

In the rounds Value Add tracks, Fifth Down Capital most often invests alongside Friends & Family Capital (4 shared deals), Craft Ventures (3 shared deals), XYZ Venture Capital (3 shared deals), Founders Fund (2 shared deals), Sequoia Capital (2 shared deals).

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

How we verify data · Suggest a correction