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
Developers plan to transform historic UMKC building into boutique hotel, spa
Editor’s note: This story was originally published by the University of Missouri-Kansas City. Click here to view the original article. A local group comprised of Sunflower Development Group and hospitality veteran Jen Gulvik has secured permission to proceed with a historic redevelopment project involving one of Kansas City’s most beloved assets: the Epperson House at…
TikTok ban would mean an ‘astronomical’ change for these Kansas City content creators
Editor’s note: The following story was published by KCUR, Kansas City’s NPR member station, and a fellow member of the KC Media Collective. Click here to read the original story or here to sign up for KCUR’s email newsletter. Video creators around Kansas City are concerned about their livelihoods and Congress’ ability to limit free speech if the Supreme Court…
Acting camp to cast: Lifetime movie filmed in KC gives young actors their TV dream moment
A Lifetime movie debuting this weekend not only shines a spotlight on Kansas City, said Elaina Paige Thomas, but it showcases talent at The Next Paige, Kansas City’s first Black-owned talent management agency. “Girl in the Garage: The Laura Cowan Story” — set to premiere Saturday, Jan. 18 — was filmed this fall in various…
Mayor proposes $1M in off-duty LEO pay; River Market eyes ‘witching hours’ security to combat crime wave
An ordinance pushed by Mayor Quinton Lucas would fund extra security services in KCMO business districts through collaboration with regional law enforcement agencies — a move aimed at preventing more thefts, break-ins and vandalism incidents targeted at Kansas City small businesses. Lucas’ proposal would invest up to $1 million to increase the presence of off-duty deputies…