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
Tesseract Ventures developing SWARM drone technology for US Special Operations Forces
A just-announced contract with the U.S. military will fund the development of an Overland Park company’s next-generation warfare drone, said founder and robotics technologist John Boucard. The SWARM (Special Warfighter Assistive Robotic Machine) is set to revolutionize military operations by offering a new, much-needed capability: a highly versatile nano drone equipped with smart payload and…
One last push: Doula bootcamp founder wins PHKC’s $10K pitch after setting due date for success
James Hogue gave himself a deadline: score a big win for his fledgling nonprofit by May 1 or pursue another career. On April 30, he earned the validation he needed — winning The Porter House KC’s Pitch Night and a $10,000 cash prize. “Today’s the day right before May, and so the opportunity for us…
St. Joseph entrepreneur innovates to grow her dry-cleaning business in a struggling industry
Editor’s note: The following story was produced through a paid partnership with MOSourceLink, which boasts a mission to help entrepreneurs and small businesses across the state of Missouri grow and succeed by providing free, easy access to the help they need — when they need it. ST. JOSEPH, Missouri — With only about half as…
How SCORE helped an entrepreneur’s late-night eureka moment turn into a thriving skewer business
Editor’s note: The following story was produced through a paid partnership with MOSourceLink, which boasts a mission to help entrepreneurs and small businesses across the state of Missouri grow and succeed by providing free, easy access to the help they need — when they need it. ST. LOUIS — Shirley Washington’s middle-of-the-night inspiration — mixed…