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 firm honored as ‘Emerging Business of the Year’ finds inclusive welcome in Kansas City
Editor’s note: The Greater Kansas City Chamber of Commerce is a non-financial partner of Startland News, which serves as the media partner for the Small Business Superstars program. NvisionKC — founded during the throes of the pandemic — more than survived 2020, Grace Ahn said; the IT consulting company is positioned for power, earning the…
Photos: Rebooted Startup Crawl reconnects entrepreneurs with a curious Kansas City
Kansas City’s Power & Light District was crawling with curiosity Friday as a sellout crowd made its rounds, participating in the recently revived Startup Crawl event and exploring a new side of the city they call home. “We saw a mix of familiar and unfamiliar faces,” said Austin Barnes, executive editor of Startland News and…
Give Black campaign returns, aiming to recapture energy needed to close racial wealth gap
The 2023 Give Black KC campaign kicked off Monday, beginning the annual week of fundraising efforts focused on supporting Black-led nonprofits in Kansas City in an effort to achieve racial equity. This year’s fundraiser will benefit four organizations: Be Great Together, Front Porch Alliance, WeCode KC, and Kansas City G.I.F.T. Brandon Calloway, CEO and co-founder…
Too many gyms leave people with disabilities to the wolves, says Wesley Hamilton; his solution: become a wolf yourself
Wesley Hamilton’s latest project — an inclusive gym in Westport — provides community and a comfortable environment for other people with disabilities, the entrepreneur-turned-reality TV personality and advocate shared. Hamilton, founder of the Disabled But Not Really Foundation and Kansas City social entrepreneur, opened the doors to his new training hub at 3939 Washington St.…