What is Five Below?
Five Below, Inc. operates as a specialty value retailer across the United States. The company offers a diverse assortment of products catering to a value-conscious demographic, including accessories, personalized living space items, sports and fitness merchandise, games, toys, and seasonal sports equipment. Their product catalog extends to tech accessories, media, craft supplies, school products, party goods, and a variety of candy and snack items, alongside chilled beverages. Originally known as Cheap Holdings, Inc., the company rebranded to Five Below, Inc. in August 2002, reflecting its focus on offering items priced at or below five dollars.
How much funding has Five Below raised?
Five Below has raised a total of $231.1M across 4 funding rounds:
Private Equity
$20M
Private Equity
$17M
Corporate Investment
$194M
Debt
$100K
Private Equity (2005): $20M with participation from LLR
Private Equity (2008): $17M led by Blue 9 Capital and LLR
Corporate Investment (2010): $194M supported by Advent International
Debt (2025): $100K, investors not publicly disclosed
Key Investors in Five Below
Advent International
Advent International is a leading global private equity firm headquartered in Boston, Massachusetts, founded in 1984. The firm specializes in buyouts, growth equity, and strategic restructuring across five core sectors: business and financial services, consumer, healthcare, industrial, and technology.
LLR
LLR Partners is a lower middle market private equity firm investing in technology and healthcare businesses. We collaborate with our portfolio companies to identify and execute on key growth initiatives and help create long-term value.
Blue 9 Capital
Undisclosed investor participating in the funding round.
What's next for Five Below?
The recent major strategic investment in Five Below signals a pivotal moment for the company, likely enabling expansion of its retail footprint, enhancement of its e-commerce capabilities, and further diversification of its product offerings. This capital infusion is expected to fuel initiatives aimed at capturing greater market share within the value retail segment, potentially through aggressive store openings and targeted marketing campaigns. The company's ability to consistently attract significant backing suggests strong investor confidence in its business model and future growth prospects.
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