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§ Private Profile · San Francisco, CA, USA
SaaS platform providing customer loyalty and payments services for small businesses, driving local sales and customer sign-ups.
Five Stars has raised $142.5M across 4 funding rounds.
Key people at Five Stars.
Five Stars was founded in 2011 by Victor Ho (Founder/CEO) and Matt Doka (Founder/CTO).
Five Stars has raised $142.5M in total across 4 funding rounds.
Based in San Francisco, California, Five Stars operates a customer loyalty and payments platform designed to help small local businesses build customer relationships through a universal rewards card system. The software company currently facilitates over $3 billion in local sales annually and processes more than one million new customer sign-ups each month. Operating with a workforce of 201 employees, the platform provides independent merchants with technology to manage discounts, track rewards, and execute personalized marketing communications. By August 2013, the enterprise had already reached thousands of merchants and surpassed one million active cardholders. Following early backing from prominent venture capital firms including Lightspeed, Menlo Ventures, DCM, HarbourVest, and Y Combinator, the business was acquired by SumUp for $317 million in October 2021. Five Stars was founded in 2010 by Victor Ho and Matt Doka.
Key people at Five Stars.
Five Stars was founded in 2011 by Victor Ho (Founder/CEO) and Matt Doka (Founder/CTO).
Five Stars has raised $142.5M in total across 4 funding rounds.
Five Stars's investors include Salt Partners, DCM, HarbourVest Partners, Lightspeed Venture Partners, Menlo Ventures, Joel Hwang, Pravin Vazirani, Rogers Communications, 2xN, Accel, Benchmark, Cota Capital.
Five Stars has raised $142.5M across 4 funding rounds. Most recently, it raised $52.5M Series D in October 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 15, 2020 | $52.5M Series D | Salt Partners | DCM, HarbourVest Partners, Lightspeed Venture Partners, Menlo Ventures | Announced |
| Jan 22, 2016 | $50M Series C | Joel Hwang | DCM, Lightspeed Venture Partners, Menlo Ventures | Announced |
| Sep 25, 2014 | $26M Series B | — | DCM, Lightspeed Venture Partners, Pravin Vazirani, Rogers Communications | Announced |
| Aug 1, 2012 | $14M Series A | — | 2XN, Accel, Benchmark, Cota Capital, FJ Labs, Greylock, Index Ventures, IVP, NEO, Outlander Labs, Pear VC, Practical Venture Capital, Sequoia Capital, Social Capital, Summit Partners, Texas Halo Fund, Upfront Ventures, Andy Rankin, Clark Landry, DON Dodge, Erik Moore, Hadi Partovi, Matt Coffin, Olivier Grinda, Othman Laraki, Rashaun Williams, TOM Mcinerney, Troy Carter, ALI Partovi, Chamath Palihapitiya, Jason Krikorian, Peter Nieh | Announced |
Five Star Technology Solutions (FSTS) is a technology company specializing in providing comprehensive IT services with a strong focus on cloud and cybersecurity program management, primarily serving government agencies and private sector clients. Their offerings include project and program management using Agile methodologies, cloud and cybersecurity solutions, IT staff augmentation, network management, and help desk support. They cater to a diverse clientele, including U.S. federal government departments (DoD, State, Justice, Treasury, NASA, EPA) and Fortune 500 companies like Google, Amazon, and Microsoft, addressing critical needs in secure and efficient IT operations. The company has demonstrated steady growth since its founding, expanding its service portfolio and client base globally while maintaining high standards of quality and integrity[1].
Founded in 2013, Five Star Technology Solutions emerged with the mission to provide dedicated, full-service IT solutions tailored to the evolving needs of government and private organizations. The founding principle was to deliver consistent, high-quality IT services without compromising on integrity or efficiency. Over time, FSTS has evolved by deepening its expertise in cloud and cybersecurity program management and expanding its client roster to include major federal agencies and leading private sector firms. This evolution reflects a strategic focus on complex, high-stakes IT environments requiring specialized program management and security capabilities[1].
Five Star Technology Solutions operates at the intersection of two critical and growing trends: cloud adoption and cybersecurity in government and enterprise sectors. The increasing reliance on cloud infrastructure and the escalating threat landscape make their specialized program management services highly relevant. Their timing aligns with heightened federal cybersecurity mandates and digital transformation initiatives, positioning them as a key enabler of secure, agile IT operations. By bridging government requirements with private sector innovation, FSTS influences the broader ecosystem by setting standards for secure cloud program management and fostering public-private collaboration[1].
Looking ahead, Five Star Technology Solutions is well-positioned to capitalize on the continued expansion of cloud services and cybersecurity demands within government and enterprise markets. Trends such as zero-trust security models, AI-driven cybersecurity, and hybrid cloud environments will likely shape their service offerings. Their ability to maintain high-quality program management while adapting to evolving technologies will be crucial for sustaining growth and influence. As digital transformation accelerates, FSTS’s role as a trusted partner in secure IT operations will become increasingly vital, potentially expanding their footprint in new sectors and geographies[1].
