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
Esports startup with KC co-founder announces $3M in seed funding, targets Web3 gaming
An early funding round is expected to help a new professional esports organization expand the creator economy alongside its own footprint, said Nate Schanker, announcing a $3 million seed round for Boston-based M80, a startup coded with Kansas City talent. “We are building something special that the esports industry has never seen before and we…
His KC shirts earned a walk-on ‘Ted Lasso’ role; now this OP teacher’s side hustle is off the sidelines
The series finale of “Ted Lasso” this week doesn’t mean end credits for a Kansas City teacher whose T-shirt side hustle scored big throughout the show’s run — thanks to a notable assist from his childhood friend Jason Sudeikis who began wearing his designs in early episodes. Brendan Curran, founder of the apparel company Three…
Meet the cohort: Founder scaling Startup Weekend’s winning idea through Columbia venture fund, studio
COLUMBIA, Missouri — Winning Missouri Startup Weekend this spring put Chrystal Graves one step closer to revolutionizing the beauty industry, she shared, noting the victory helped secure her spot in the Scale venture fund and studio. “I have been passionate about helping salons be profitable and inclusive for a long time, but I thought building…
Startup Crawl is back June 9: Get your passport to KC bands, businesses, beverages
More than 50 startups and a quartet of local bands and performers will headline the June 9 return of Startup Crawl — and it’s a pretty sweet symphony, teased event organizers. “It’s been almost four years since we’ve been able to host our community in this way,” said Austin Barnes, executive editor of Startland News and…