Covideo Closes Majority Recapitalization with Five Elms
Deal Synopsis
Covideo secures majority investment from Five Elms Capital.
Seller Details
Covideo is the leading video messaging platform built specifically for automotive dealerships, transforming how they engage customers across the entire buying journey. Founded in 2004, Covideo has become the global market leader in video communication for dealerships, used for internet lead responses, vehicle walkarounds, appointment reminders, service updates, customer recovery, and retention efforts.
Buyer Details
Five Elms is one of the most active and experienced software investors globally, managing $3 billion in assets with a team of more than 80 professionals. The firm has a long track record of partnering with software companies and applying proven operating principles that have helped over 70 global platforms accelerate growth, build category leadership, and scale to successful outcomes.