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
It’s science: Music moves young minds, says singer-turned-nonprofit leader; festival to showcase how diversity of song shapes community
A Kansas City non-profit’s punk rock move to improve teens’ mental wellness through song is getting an extra jolt from a $100,000 gift — funds that support the organization as it plans an upcoming music and arts festival in the city’s Northeast, as well as promotes scientific efforts to show how rock and roll impacts…
Their designs are so unique they’re one-of-one; ‘slow fashion’ duo turns thrift store finds into runway-worthy fits
A Kansas City couple’s upcycled fashion brand is making waves, as thousands of social media followers — and some high-profile names — have taken note of the company’s repurposed “one-of-one” clothing pieces. The passion project of co-founders Jared Armstrong and Caylin Willis, Yvonne and Mitchel takes clothing materials from thrift stores and reimagines them into…
New Kauffman CEO begins her ‘journey of impact’ with renewed focus on Kansas City
Editor’s note: The Ewing Marion Kauffman Foundation is a financial supporter of Startland News. Work within Kansas City to inspire education and entrepreneurship has a ripple effect across the region, said Dr. DeAngela Burns-Wallace; and the Ewing Marion Kauffman Foundation is doubling down on its commitment to the Kansas City community under her new leadership. …
This one-day competition builds more than apps, organizers say; Hack Midwest aims to reveal what humans are capable of creating
Kansas City’s largest app building competition is set to return in September — with more than 300 software engineers competing in teams for a piece of $22,500 in winnings. Hack Midwest, which began in 2012, brings together developers for a 24-hour “hackathon,” during which the teams race against the clock — and each other — to…