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
World Cup will be KC’s biggest-ever event, top founder says (and local businesses can still get in the game)
When Neal Sharma co-founded DEG at the turn of the millennium, Kansas City felt like it had an inferiority complex, he said. Fast forward to 2024, and the city is teeming with extrinsic validation, he added. The exited founder-turned-civic leader hopes being a World Cup host city in 2026 pushes Kansas City to take a…
$500K state grant bolsters KU’s startup ecosystem; here’s what KU Innovation Park is launching with the funds
LAWRENCE, Kansas — A $500,000 Forging Opportunities for Research, Growth & Entrepreneurship (FORGE) grant from the Kansas Department of Commerce will help KU and KU Innovation Park create software, infrastructure and financial mechanisms needed to bridge the gap between academia and industry, growing the state’s economy while enhancing the university’s teaching and research missions. As…
ProX names equity-centered leader as first executive director of its popular student intern program
The new leader of ProX — one of the largest paid internship programs in the country — is expected to be instrumental in taking the Ewing Marion Kauffman Foundation affiliate to the next level, said Dr. Bill Nicely. ProX and the Kauffman Foundation on Thursday announced the appointment of Solissa Franco-McKay — a longtime supporter…
How an animal health leader’s $130M investment in KC will boost its fight against canine parovirus
ELWOOD, Kansas — A $130 million investment from global animal health leader Elanco is a testament to Kansas’ pro-business economy, said Laura Kelly, lauding this week’s expansion announcement and its plans to bring 70 new jobs to the region’s animal health corridor over the next two years. “Elanco’s expansion not only is creating new job…