Five Elms Capital leads $7.4M round in San Diego firm
January 11, 2017 | Bobby Burch
Five Elms Capital is the lead investor in a $7.4 million finance round for a San Diego-based security firm.
The Kansas City-based investment group is backing Trackforce, a SaaS provider of operations management tools for security guard operators. The company’s GuardTek software suite is used by more than 80,000 users at over 8,000 sites in 28 countries, Trackforce said in a release.
“Trackforce has built a best-in-class platform that changes the way security professionals manage their operations,” Five Elms managing director Joe Onofrio said in a release. “The team’s innovative technology, industry knowledge and best-in-class customer service have driven strong growth over the last 10 years; we look forward to working with the team to expand on the success achieved to date.”
Five Elms was founded by Fred Coulson, who serves as its managing partner. Five Elms has invested in other area firms such as Kansas City-based United Medicare Advisors, Lenexa-based Smart Warehousing and Kansas City-based Spring Venture Group, of which Coulson is founder and chairman.
Five Elms focuses on investments of $3 to $30 million in business-to-business firms with $2 to $20 million in revenue.
2017 Startups to Watch
stats here
Related Posts on Startland News
Build to barrel: Inside Holladay Distillery’s ironclad plan to boost bourbon production by one-third
WESTON, Missouri — Holladay Distillery is breaking ground with Rickhouse D — its first new barrel-aging warehouse in 75 years — marking a major step in expanding bourbon production from the historic plant. Renowned as the only Missouri operation to age bourbon in ironclad rickhouses, Weston-based Holladay Distillery is increasing capacity to meet surging demand,…
So you think you’re CEO material? UMKC’s ‘CEO Academy’ puts that ambition to the test
Aspiring executives with an eye on the C-suite need to be ready well before the opportunity arises, said Dan Hesse, leaning on his years of past experience as president and CEO of Sprint. It’s not about just being the boss, he emphasized. “Of all the roles, that of the CEO is so different than any…
Pitch locally or look to outsiders? How founder bias toward funding at all costs could leave your distracted startup without a why
Kansas City’s funding gaps often feel deeper for women entrepreneurs, two top founders said Tuesday, describing a startup ecosystem that pits emerging entrepreneurs against each other — but perhaps more critically, against time — in a highly competitive fight for a limited amount of local capital. “Kansas City is very startup friendly — at least…
KC-built Buzz acquired by Vegas tech company hoping to solve AI’s ‘last mile’ challenge in property management
A leading property tech company is placing its bet on the Kansas City-built rent collections platform that Buzz brings to the table, announcing the AI-driven startup’s acquisition Tuesday by Las Vegas-based Pay Ready. The potential for artificial intelligence’s use in an industry historically is limited by the way tech collides with humans, said serial entrepreneur…