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
Godfather of content marketing joins the DivvyHQ team
Kansas City-based tech firm DivvyHQ just snagged an industry pioneer in content marketing for its board of directors. The Chief strategist for the Content Marketing Institute, Robert Rose recently joined the DivvyHQ team to lend his years of content marketing expertise. A nationwide speaker and author, Rose has developed content customer experience strategies for such…
Missouri named Hyperloop semifinalist, offering 760 mph alternative to I-70
Missouri is in the running to land a futuristic transportation system that would move people between Kansas City and St. Louis in only 23 minutes. On Wednesday, transportation tech firm Hyperloop One announced 11 semifinalist routes in the U.S. that could receive its system that propels vehicles at speeds of about 760 miles per hour.…
After $8.5M raise, KC-based Pepper eyes IoT dominance
From app-controlled toilets to smart egg trays, the world of IoT is rapidly expanding. In fact, by 2020, it’s expected that more than 24 billion internet-connected devices will be online. And now one well-heeled Kansas City-based IoT startup wants to serve as the hub for those gadgets. After it recently raised a $8.5 million Series…
Investor dinners, KC hospitality garner praise at Rise of the Rest Summit
Kansas City’s hospitality recently took center stage at the national Rise of the Rest Summit in Washington, D.C. Addressing ecosystem leaders around the nation, KCRise Fund managing director Darcy Howe shared strategies she’s used to build the KCRise fund, including a tactic that’s nourishing area startups — literally and figuratively. In addition to showcasing her…