<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0708</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001708494</cik>
        <entityName>LARSON CAPITAL FUND V, LLC</entityName>
        <issuerAddress>
            <street1>1015 CORPORATE SQUARE DR., SUITE 300</street1>
            <city>SAINT LOUIS</city>
            <stateOrCountry>MO</stateOrCountry>
            <stateOrCountryDescription>MISSOURI</stateOrCountryDescription>
            <zipCode>63132</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(314) 787-7436</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2017</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Chris</firstName>
                <lastName>O'Daniel</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1015 CORPORATE SQUARE DR., SUITE 300</street1>
                <city>SAINT LOUIS</city>
                <stateOrCountry>MO</stateOrCountry>
                <stateOrCountryDescription>MISSOURI</stateOrCountryDescription>
                <zipCode>63132</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of Accounting for the managing member of the issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>PAUL</firstName>
                <middleName>DOUGLAS</middleName>
                <lastName>LARSON</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>275 N. LINDBERGH BLVD., SUITE 10</street1>
                <city>SAINT LOUIS</city>
                <stateOrCountry>MO</stateOrCountry>
                <stateOrCountryDescription>MISSOURI</stateOrCountryDescription>
                <zipCode>63141</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>MANAGING MEMBER OF THE MANAGING MEMBER OF THE ISSUER</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>JON</firstName>
                <lastName>WHITE</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>275 N. LINDBERGH BLVD., SUITE 10</street1>
                <city>SAINT LOUIS</city>
                <stateOrCountry>MO</stateOrCountry>
                <stateOrCountryDescription>MISSOURI</stateOrCountryDescription>
                <zipCode>63141</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>DIRECTOR OF THE MANAGING MEMBER OF THE ISSUER</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Private Equity Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <revenueRange>No Revenues</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06c</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2017-06-15</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>75000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Larson Financial Securities</recipientName>
                <recipientCRDNumber>152517</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1015 Corporate Square Dr</street1>
                    <street2>Suite 300</street2>
                    <city>Saint Louis</city>
                    <stateOrCountry>MO</stateOrCountry>
                    <stateOrCountryDescription>MISSOURI</stateOrCountryDescription>
                    <zipCode>63132</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>6805000</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>55</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>68050</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>1% GROSS DEALER CONCESSION BASED ON THE CAPITAL CONTRIBUTION.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>136100</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>THE ESTIMATED MANAGEMENT FEE IS BASED UPON A PERCENTAGE OF THE ASSETS (2% ANNUALLY). A PERFORMANCE, ACQUISITIONS, FINANCING AND LOAN GUARANTOR FEE MAY ALSO BE CHARGED BUT IS NOT INCLUDED IN THE ESTIMATE DUE TO THE CONTINGENT NATURE OF THESE FEES.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>LARSON CAPITAL FUND V, LLC</issuerName>
                <signatureName>Maureen Neal</signatureName>
                <nameOfSigner>Maureen Neal</nameOfSigner>
                <signatureTitle>LCM Administrative Assistant</signatureTitle>
                <signatureDate>2017-11-01</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
