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.

How many employees does Five Below have?

As of Apr 30, 2026, the latest employee count at Five Below is 14459.

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 $4.76B as on Jan 31, 2026.

Where does Five Below rank among its competitors?

Five Below ranks 1st amongst 12 active competitors, none of which are funded.

Who are the top competitors of Five Below?

Five Below's top competitors include Dollar Tree, Ross Stores and Ollie's Bargain Outlet. Among them, Dollar Tree secured the most recent funding round in July, 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 retail store operator. Five Below has raised $231M in funding from LLR Partners and Advent International. The company has 12 active competitors, including 6 that have exited. Its top competitors include companies like Dollar Tree, Ross Stores and Ollie's Bargain Outlet.

Company Details

Five Below operates a chain of retail stores in the United States. It offers sporting goods, games, wearable and jewelry,collectibles, bath and body products, candy, snacks and beverages, room decor and storage products, stationery and school supplies, computer software, books, electronic accessories, novelty and gag items, and seasonal items. The company serves teens, pre-teens, and value-minded consumers. Five Below was formerly known as Cheap Holdings. The company was founded in 2002 and is headquartered in Philadelphia, Pennsylvania. It operates stores in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, Pittsburgh, and Rhode Island, as well as in Brooklyn, Fairview Park, Macedonia, Mayfield Heights, Stow, and Strongsville.

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 12 active competitors

Annual Revenue

$4.76B as on Jan 31, 2026

Employee Count

14,459 as on Apr 30, 2026

Investment & Acquisitions

Nerd Street & 1 more

Similar Companies

Dollar Tree & 48 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: 753000378 , United States, Active	Dec 26, 999	-	10753 (As on Dec 31, 2024)	-
FIVE BELOW, INC CIN: 1177609 , United States, Active	Apr 03, 2005	$4.76B (As on Jan 31, 2026)	6100 (As on Jan 31, 2022)	-
Five Below, Inc. CIN: 20201504044 , United States, Active	Jun 08, 2020	-	-	-

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	9778207	PE	5303914	2702179	4051158	8717650
Sep 15, 2008	9232411	Series B	2334935	9967646	8877961	5199994
Apr 2005	3990532	Series B	2457039	5922324	LLR Partners	3759034

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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 Joel Anderson are the CEOs of Five Below.

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

Thomas Vellios: Founder and CEO of Five Below.
David Schlessinger: co founder and chairman of Five Below.

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

Five Below's employee count trend

Five Below has 14,459 employees as of Apr 26. Here is Five Below's employee count trend over the years:

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Top competitors of Five Below include Dollar Tree, Ross Stores and Ollie's Bargain Outlet. 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 retail store operator	$231M	195 Capital Partners, Blue 9 Capital & 3 others	76/100
2nd	Dollar Tree 1986, Chesapeake (United States), Public	Chain of discount variety stores	-	Starboard Value, KarpReilly & 3 others	60/100
3rd	Ross Stores 1950, Dublin (United States), Public	Retail chain of "off-price" department stores	-	Asset Management Company, Alloy Ventures	56/100
4th	Ollie's Bargain Outlet 1982, Harrisburg (United States), Public	Retailer of closeout merchandise and excess inventory at discount prices	-	-	55/100
5th	Gordmans 1915, Omaha (United States), Public	Online retailer of apparel, home goods, and accessories	-	-	43/100
6th	Roses Discount Stores 2011, Hendersonville (United States), Unfunded	Department store that offers items at low prices	-	-	38/100
7th	Bi-Mart Corporation 1955, Eugene (United States), Funding Raised	Provider of engineering solutions for hazardous liquid and gas handling	-	Endeavour, United States Department of Agriculture	26/100
8th	Ddsdiscounts 2003, Pomona (United States), Unfunded	Home - dd's DISCOUNTS®	-	-	25/100
9th	Nille 1966, Kolbotn (Norway), Acquired	Chain of stores	-	-	24/100
10th	Caldor 1951, Hartford (United States), Unfunded	Discount department store chain that offers a range of quality products at affordable prices	-	-	22/100