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
These makers and vendors aren’t buying the scarcity mindset: ‘There’s a way for us all to eat’
A new vendor fair aims to unite people from all corners of the city and promote collaboration among the local vendor community, said entrepreneur and event organizer Dontavious Young. “I see a lot of events in Kansas City that are geared toward a specific type of crowd, or a specific type of culture, or a…
$16M round for health tech startup growing AI agents to perform administrative tasks
A Seattle company with a talent hub in Kansas City announced Wednesday a $16 million seed round that includes investment from KCRise Fund and a promise to leverage conversational artificial intelligence alongside human talent to boost workplace productivity. Outbound AI emerged from stealth mode in 2022 to a market hungry for solutions, said Stead Burwell,…
United Way’s $2M Kauffman-backed Catalyst Fund just picked its first 22 nonprofit grantees
Leaders and organizations who are directly connected and engaged with their communities — especially communities of color — are essential to building a vibrant and inclusive Kansas City, said Gloria Jackson-Leathers, announcing a slew of grant winners from the new $2 million Nonprofit Catalyst Fund. “We are excited to see these grants begin to benefit small…
World Refugee Day draws diverse mix of Kansas Citians, businesses
Editor’s note: This story was originally published by Kansas City PBS/Flatland, a member of the KC Media Collective, which also includes Startland News, KCUR 89.3, American Public Square, The Kansas City Beacon, and Missouri Business Alert. Click here to read the original story. The Kansas City Public Library’s Northeast Branch parking lot was full of lively music and friendly…