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
Readers dub Kansas City’s top spots for coffee meetings
“Let’s grab coffee.” It’s a universal phrase in the world of business that can lead to friendship, a deal or even a new company. And with coffee serving as a global binding agent for businesspeople, Startland News wanted to figure out where Kansas Citians are most likely to convene to catch up. We surveyed more…
Report: Kansas City is the 8th-worst metro for entrepreneur diversity
It’s a dreary day for Kansas City in terms of successfully supporting a diverse entrepreneurial community. The City of Fountains is far below the national average — and the majority of the most-populated metros — when it comes to minority business ownership, according to the United States Census Bureau. The bureau on Thursday unveiled the…
KCMO reveals seven innovation partners and inaugural demo day
Mayor Sly James on Tuesday announced seven partners for the 2016 Innovation Partnership Program and the program’s new accelerator-like approach. Now in its second year, the IPP provides select startups with city data and infrastructure at no cost and the opportunity to develop, test and demonstrate innovative solutions for the city. For the first time, the…
With traction in tow, Super Dispatch is a model ‘lean startup’
Super Dispatch began like every tech startup: with a good idea. But as founder Bek Abdullayev will tell you, it takes more than that to be successful. In 2013, Abdullayev founded Super Dispatch, a software-as-a-service platform for the trucking industry intended to eliminate paperwork. Super Dispatch streamlines the communication of documents between truckers and their…