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
Roll out the green carpet: KC activist-turned-global performer readies for his 1,000th clean energy show
AY Young is counting down to music history, he shared. After an almost 13-year journey through 100 cities and 40 countries, the singer, songwriter, activist, and entrepreneur has 41 shows remaining until his Guinness World recording-breaking 1,000th show powered solely by clean energy. He’s planning to hit the milestone Oct. 6, 2025: Green Sports Day.…
If their shop smells like Travis Kelce at Christmas, these candle chemists called the right play
When the owners of Decori home and gift shop at the Village at Briarcliff suited up to create a Travis Kelce candle scent, they turned to their virtual assistant to help make the call. Alexa suggested a play on the “audacious, confident and powerful” scents of Creed Aventus. Three formulations later, partners Ralph Liebetrau and…
Downtown food hall hits closing time; Strang’s chef-driven concept leaving lightwell
Strang Chef Collective is serving its final customers within the food hall’s downtown space, said CEO Shawn Craft, announcing the lightwell location would close Tuesday “despite the company’s best efforts over the past year to keep it open.” The chef-driven concept — through which diners experience a mix of global and elevated comfort flavors —…
KC Daiquiri Shop closing Dec. 1; iconic duo behind the party vibes plans to ‘regroup, reflect, and rebuild’
The good times roll through the weekend at KC Daiquiri Shop as the well-known Mardi Gras-themed getaway on Grand Boulevard shuts down its years-long revelry. “This decision has not come lightly,” Kinley Strickland and Calvin Vick, owners of KC Daiquiri Shop, said Monday in a social media post announcing the business’ plans to close Dec.…