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
Digital health startup aims to save medical providers time while bringing down cost of AI tech
CarePilot is on a mission to bring AI and automation to smaller medical clinics that don’t always have access to cutting-edge technology, shared founder and CEO Joseph Tutera. The Overland Park-based startup’s ambient AI technology — designed to help those smaller practices operate more efficiently — captures patient-provider interactions in real time, automating administrative tasks…
Street art to stage: KC fashion designer styles iconic Jim Crow-era musical comedy without missing a beat
Designing for theater gives Whitney Manney the opportunity to be as big and loud as she wants, the street bespoke creator said. A new musical production of “Hairspray” puts Manney’s bold aesthetic through a new lens — and alongside a timely story of acceptance, diversity, and the power of music. “There is no such thing…
‘People pay for value’: How a young mom’s plan to hold passion tight drives her baby apparel side hustle
Coming from a family of business owners, Riley Rhoads knew she wanted to pursue entrepreneurship: starting her own business — but with a goal to help others, the founder of Hold Tight Baby said. “When I hear people talk about, ‘Oh, I want to be an entrepreneur; I want to start and own my own…
New in KC: Ops leader joins KCSourceLink to strengthen network’s collective impact for entrepreneurs
A newly created director of operations role at KCSourceLink is expected to boost efforts to connect entrepreneurs and small businesses with hundreds of resources for growing and scaling their ventures in Kansas City, as well as across the state through MOSourceLink. Dena Thomas Aouassou, a veteran of nonprofit entrepreneurship support and workforce training, recently relocated…