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
Curated to the core: How a chaplain-turned-entrepreneur is elevating streetwear to boost KC nonprofits
In a world of loud statement tees, sometimes the most impactful messages are quietly sewn into the tag, said Makenzy Jean, whose Kansas City-based apparel company partners with local nonprofits on brand-merging designs that give back to their community causes. “Streetwear is from the streets,” said Jean, founder of Associated Humanity and a former chaplain.…
After east side restaurant closes, KC Cajun drives back to its food truck roots, cooking up a new market
Esra England is hitting the streets again, he shared. The head chef and founder of KC Cajun recently closed his fixed location on the east side, and is returning to the food truck and catering strategy that gave him his start. “It was a good learning experience,” England explained. “But with the overhead of trying…
Bloch faculty duo earn $200K grant toward effort to disrupt social media echo chambers
Editor’s note: The following story was originally published by the University of Missouri-Kansas City. Click here to read the original story. In the digital realm where algorithms reign supreme, Alex Krause Matlack and Bryan C. Boots from the UMKC Henry W. Bloch School of Management aim to create a tool that disrupts the social media landscape,…
Some 18th & Vine leaders say losing downtown stadium could have ‘a tremendously negative impact’
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. Businesses were split on their reaction to the vote on April 2 that rejected the extension of a 3/8th-cent sales tax…