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
Brewkery closing its North KC kombucha taproom as ‘Lucky Elixir’ production heats up
Five years after opening its popular North Kansas City hot spot, the Brewkery — home of Lucky Elixir Kombucha — is moving and closing its taproom, co-founder Amy Goldman shared. With its lease about to end and rent increasing substantially, Goldman said, the move makes sense for the growing kombucha business. Although it’s bittersweet to…
Variety entertainer’s magic trick: Knowing whether his audience wants a clown (or Ruby in drag)
Dennis Porter’s success as a performer is scripted by the North Kansas City native’s talent at reading a room — adapting his jokes and wide variety of entertainment styles to fit the audience. If he’s doing it right, one of Porter’s characters brings a healthy grin to their happy faces, he said. “I am over-blessed…
Broadband internet is no longer a luxury; meet a group bringing access to KC’s most underserved children, families
Editor’s note: The following is the second in a series of stories focused on digital inclusion efforts in Kansas City, and is presented by Google Fiber. Those seeking change and equity in a rapidly evolving world of tech access must go directly to the people in need if they wish to truly eradicate the digital…
GIFT hopes NFL Draft visitors touch down at Saturday’s Black Business Market; nonprofit passes $1M in grants given
Packed streets for the NFL Draft around Union Station and downtown this week could mean added traffic to Saturday’s Black Business Market on Kansas City’s east side, said Brandon Calloway. “We’re gonna drive as many people over here so they see the vibrancy that can happen on Prospect, as well as exposing a lot of…