When was Five Below founded?

Five Below was founded in 2002 and raised its 1st funding round 3 years after it was founded.

Where is Five Below located?

Five Below is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania.

Who is the current CEO of Five Below?

Thomas Vellios and Winnie Park s of Five Below. Thomas Vellios has also founded 1 company.

How many employees does Five Below have?

As of Jul 31, 2026, the latest employee count at Five Below is 15306.

Is Five Below a funded company?

Five Below is a funded company, having raised a total of $231M across 3 funding rounds to date. The company's 1st funding round was a $***** Series B round, raised on Apr 2005.

When was the latest funding round of Five Below?

Five Below's latest funding was a $***** PE round on Sep 14, 2010, with participation from 1 investor.

What is the annual revenue of Five Below?

Annual revenue of Five Below is more than $1B as on Jan 31, 2026

Where does Five Below rank among its competitors?

Five Below ranks 1st amongst 190 active competitors, only 1 of which is funded. Nordstrom, which secured $294M in Sep, 2022.

Who are the top competitors of Five Below?

Five Below's top competitors include Target, Nordstrom and Ace Hardware. Among them, Nordstrom secured the most recent funding round in September, 2022.

Five Below - 2026 Company Profile, Team, Funding, Competitors & Financials

Five Below is a public company based in Philadelphia (United States), founded in 2002 by Thomas Vellios and David Schlessinger. It operates as a Discount retailer offering a broad assortment of consumer goods. Five Below has raised $231M in funding from LLR Partners and Advent International. The company has 190 active competitors, including 1 funded and 44 that have exited. Its top competitors include companies like Target, Nordstrom and Ace Hardware.

Company Details

Discount retailer offering a broad assortment of consumer goods. It is a discount retail chain that offers a broad assortment of consumer goods priced at $5 or less. The company operates a network of physical stores and an online platform, targeting teens, families, and budget‑conscious shoppers.

Website: www.fivebelow.com
Social
Registered Address: Philadelphia, Pennsylvania

Key Metrics

Founded Year

2002

Location

Philadelphia, United States

Stage

Public

Total Funding

$231M in 3 rounds

Latest Funding Round

PE, Sep 14, 2010, $*****

Investors

LLR Partners & 4 more

Ranked

1^st among 190 active competitors

Annual Revenue

$1B+ as on Jan 31, 2026

Employee Count

15,306 as on Jul 31, 2026

Investment & Acquisitions

Nerd Street & 1 more

Similar Companies

Normal & 63 more

Exit Details

Public

View Five Below's full profile

Five Below is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Five Below, Inc. CIN: 20201504044 , United States, Active	Jun 08, 2020	-	-	-
FIVE BELOW, INC CIN: 1177609 , United States, Active	Apr 03, 2005	$1B+ (As on Jan 31, 2026)	6100 (As on Jan 31, 2022)	-
FIVE BELOW, INC. CIN: 753000378 , United States, Active	Dec 26, 999	-	10753 (As on Dec 31, 2024)	-

Five Below got listed on Jul 19, 2012.

Click here to take a look at Five Below's IPO in detail

Five Below has raised a total funding of $231M over 3 rounds. Its first funding round was on Apr 2005. Its latest funding round was a PE round on Sep 14, 2010 for $*****. 1 investor participated in its latest round. Five Below has 5 institutional investors.

Here is the list of recent funding rounds of Five Below:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 14, 2010	3508938	PE	4022474	5613541	6464864	6733728
Sep 15, 2008	5592990	Series B	1798044	3904258	1523750	6982019
Apr 2005	4786316	Series B	2152741	4199925	LLR Partners	2310791

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View details of Five Below's funding rounds and investors

The founders of Five Below are Thomas Vellios and David Schlessinger. Thomas Vellios and Winnie Park are the CEOs of Five Below.

Here are the details of Five Below's key team members:

Thomas Vellios: Co-Founder & Co-CEO of Five Below.
Contact Info: 1 email address
David Schlessinger: Co-Founder of Five Below.
Contact Info: 1 email address
Winnie Park: Co-CEO of Five Below.
Contact Info: 1 email address

View details of Five Below's Founder profiles and Board Members

Five Below's employee count trend

Five Below has 15,306 employees as of Jul 26. Here is Five Below's employee count trend over the years:

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Top competitors of Five Below include Target, Nordstrom and Ace Hardware. Here is the list of Top 10 competitors of Five Below, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Five Below 2002, Philadelphia (United States), Public	Discount retailer offering a broad assortment of consumer goods	$231M	195 Capital Partners, LLR Partners & 3 others	76/100
2nd	Target 1962, Minneapolis (United States), Acquired	Retailer of women’s, kids’, toddler & baby items	-	Black Capital Investments, Sawtooth Solutions ... & 2 others	73/100
3rd	Nordstrom 1901, Seattle (United States), Public	Fashion specialty retailer	-	Benson Family Private Equity, McKinley Capital ... & 2 others	71/100
4th	Ace Hardware 1924, Oak Brook (United States), Acquired	Offline retail chain for hardware products	-	Tecum Capital, United States Department of Agriculture ... & 1 others	70/100
5th	Next 1982, Leicester (United Kingdom), Public	Online retailer of apparel, accessories, homeware, beauty, and furniture	-	Western Technology Investment, Bridgepoint Group ... & 1 others	70/100
6th	KFC 1952, Louisville (United States), Acquired	Chain of restaurant serving chicken	-	Brentwood Associates, SJL Partners & 3 others	68/100
7th	Tractor Supply 1938, Nashville (United States), Public	Retailer of multi-category consumer products	-	Four Rivers, Drona Capital & 1 others	68/100
8th	Costco 1976, Seattle (United States), Public	Retail chain providing electronic products, household appliances, and other products	-	Alcor Fund, Benson Family Private Equity & 3 others	67/100
9th	M&S 1884, London (United Kingdom), Public	Retail chain of clothing, home & luxury food products	-	Europa	67/100
10th	Family Dollar 1958, Charlotte (United States), Acquired	Retaiil chain of multi-category consumer products	-	Trian Partners, The DiFalco Group & 1 others	65/100