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
Chan Zuckerberg funds KC nonprofit to help AI tech empower educators, innovators
A nearly $1 million grant from the Chan Zuckerberg Initiative is expected to help a Kansas City-based nonprofit expand and strengthen the infrastructure of its national education research and development coalition, its founder said. The funding specifically supports Leanlab Education’s American Group of Innovative Learning Environments (AGILE) Network, a national education R&D network and collective…
Design-Zyme, KU researchers latch onto $3M SBIR award for Lyme disease vaccine
Startland News’ Startup Road Trip series explores innovative and uncommon ideas finding success in rural America and Midwestern startup hubs outside the Kansas City metro. LAWRENCE — Vaccine development at KU Innovation Park could help stop an uptick in Lyme disease in its tracks, using a just-announced $3 million in federal funds to bring a…
Crown prime location: How two KC foodies are creating Museum of BBQ in one of the world’s barbecue capitals
A new museum — showcasing Kansas City as a barbecue capital of the world, as well as how meat takes on its famous flavors — is set to open in spring 2025 the Crown Center Shops, led by two veterans of the local food scene, and complete with barbecue baked beans ball pit. The aptly…
‘Wonderful things anywhere’: Entrepreneurs share keys to ‘Main Street’ success
Editor’s note: This story was originally published by Missouri Business Alert, a member of the Kansas City Media Collective, which also includes Startland News, KCUR 89.3, American Public Square, Kansas City PBS/Flatland, and The Kansas City Beacon. Click here to read the original story. COLUMBIA, Missouri — When Willy Schlacks noticed what he said were inefficiencies plaguing…