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
Big winner at GEWKC: AltCap Your Biz turns The Next Paige with $42K+ in prizes
Editor’s note: Startland News’ coverage of Global Entrepreneurship Week-Kansas City is made possible by the support of Husch Blackwell. The value of local support should not be underestimated or taken for granted, said Elaina Thomas, winner of the $25,000 grand prize at Thursday’s AltCap Your Biz pitch competition. “I feel blessed, I feel like I…
How KC helped baseball’s bright yellow ringmaster bring the Savannah Bananas to TikTok fame
Kansas City will always hold a special place in Jesse Cole’s heart, shared the owner of the Savannah Bananas, baseball’s answer to the Harlem Globetrotters. “You guys gave us our first shot,” explained Cole, the founder of Fans First Entertainment — fully outfitted in his signature yellow tux at Thursday’s Kansas City Area Development Council…
Nonprofit founded to equip K-9 officers with bulletproof vests goes viral thanks to four-legged artists
LAWRENCE — What began as a problem keeping Emily Fawcett up at night has grown into a tail-wagging nonprofit effort recently featured on “The Kelly Clarkson Show” — all thanks to a viral social media post showcasing a Kansas police dog painting instead of panting. Fawcett, whose background is in animal welfare, was asked in 2020…
PayIt appoints new president and COO as fast-scaling KC govtech company hits pivotal moment
A veteran govtech leader is joining one of Kansas City’s best-known scale-ups as the company eyes a new era of growth and the expansion of its national and international footprint. PayIt — a leader in digital customer experience solutions with integrated payments for state, local, and provincial governments — announced on Thursday the appointment of…