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MayFive Holdings
David Yarkin runs MayFive Holdings, a Washington vehicle seeding B2G marketplaces like Procurated alongside the Finnegan family's Limerick Hill.
MayFive Holdings
MayFive Holdings operates as an asset manager blending startup incubation with structured venture investing, founded by David Yarkin. Yarkin previously led procurement modernization for the Commonwealth of Pennsylvania, later building Government Sourcing Solutions — a consulting practice that revealed, at ground level, how broken the public entity-to-supplier connection has become. That operational proximity to the customer is the firm's founding thesis, setting it apart from generalist investors entering GovTech without prior domain scars. The firm deploys capital primarily at the seed and early stages, concentrating on enterprise software companies that sell into state municipalities, public-school systems, and federal agencies. Its flagship incubated position is Procurated, a two-sided marketplace that allows government buyers to rate, review, and discover suppliers — a concept that required Yarkin to raise a seed round where external capital came from Limerick Hill LLC, the private investment vehicle of Madison Dearborn Partners Co-CEO Paul Finnegan. Other public-record investment interests track toward platform businesses that digitize inherently bureaucratic workflows: compliance, sourcing, and audit-trail management. Geographic focus starts domestically, targeting the fragmented US state and municipal procurement market before any international expansion. Team size and total deployment figures remain undisclosed by MayFive, consistent with its lean, pre-institutional structure. The firm maintains a commercial office presence at 1875 Connecticut Avenue NW in Washington, DC, with an additional mailing address in Fairfax Station, Virginia — a configuration that suggests operating flexibility rather than a multi-city expansion. No dedicated philanthropic foundation, real-asset arm, or club membership is confirmed on the public record. David Yarkin remains the central deal lead and public face of the entity, with no other named investment professionals identified. The structural differentiator for MayFive is a manager-founder relationship that predates the investments. Yarkin does not merely write checks into GovTech — he originated Procurated from inside his own consultancy, effectively serving as founder-investor before transitioning it into a standalone company and syndicating the round to a single, deeply aligned family-office partner. This studio-to-company pipeline mirrors models seen in deep-tech or biotech but remains rare in government software, where the typical entry is a VC check into an already-incorporated startup helmed by an outsider.
General information
Firm type
Generalist
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Washington
Corporate office
1875 Connecticut Avenue NW, Washington, DC 20009
Additional offices
Fairfax Station, VA
Principals
David Yarkin
Founder
Sector focus
Frequently asked questions
Who is behind MayFive Holdings?
David Yarkin founded MayFive Holdings after serving as Pennsylvania's Chief Procurement Officer and later founding Government Sourcing Solutions. He is the sole named principal associated with the firm. Yarkin publicly identifies himself as the founder of Procurated, MayFive's most visible incubated company, and his procurement-background profile is a matter of public record.
How is MayFive related to Limerick Hill?
Limerick Hill LLC is the private investment arm of Paul Finnegan, Co-CEO of Madison Dearborn Partners. It co-led the seed round for Procurated alongside MayFive Holdings. The relationship signals an informal co-investment alliance rather than a merged entity, with Limerick Hill acting as a preferred external capital partner for MayFive's GovTech ventures.
What is Procurated and why is it central to MayFive's strategy?
Procurated is a digital platform that allows government procurement officers to rate, review, and find suppliers — essentially a Yelp for the public-sector purchasing market. Yarkin conceived and incubated the company within his prior consulting practice before launching it as a standalone startup with seed funding from MayFive and Limerick Hill. It remains the clearest signal of MayFive's thesis: that verified peer reviews can solve the information asymmetry plaguing the $7 trillion public-procurement ecosystem.
Does MayFive invest outside of government-focused software?
The public record ties MayFive's investment activity wholly to enterprise software that interfaces with government procurement workflow, compliance, and public-supplier matching. No public filings, portfolio disclosures, or principal statements indicate positions in consumer tech, hardware, biotech, or other asset classes. The firm's posture is narrowly GovTech, executed through direct incubation and seed-stage equity.
How does MayFive source its deals?
David Yarkin sources deals from within the procurement community he operated in for over a decade, first as Pennsylvania's chief buyer and then as a consultant to government agencies. This producer-adjacent model — where the investor identifies a workflow gap, prototypes a solution, and then capitalizes it — is the firm's primary pipeline. Procurated exemplifies the model: the concept originated inside Yarkin's own consulting work before any external fundraise.
Does MayFive manage outside capital?
MayFive has not publicly registered as an investment adviser or disclosed any limited-partner fund structure. The known deal — Procurated's seed round — was syndicated with Limerick Hill LLC, but the arrangement appears closer to a principal-to-principal co-investment than a formally managed pooled vehicle. Its status as an asset manager on record likely reflects its investment-holding activity rather than a third-party capital management business.
Is MayFive a single-family office?
No evidence supports classification as a single-family office. MayFive is organized as an asset manager holding company, and no family wealth source beyond David Yarkin's professional earnings is disclosed. Co-investor Paul Finnegan's wealth derives separately from Madison Dearborn Partners; the two entities maintain distinct ownership and governance.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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