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
Hollywood Animation Academy secures home at Centriq; set to begin first classes in January
Hollywood Animation Academy is leaping from the drawing board to live action in January with its first group of enrolled students. Founded by veteran director and animator Gavin Dell, the trade school is set to prepare students for jobs in the film, gaming, and television industry. Dell, an Overland Park native, returned to Kansas City…
KC duo opens candy shop at Mizzou, bringing familiar flavors to students far from home
COLUMBIA, Missouri — A pair of Mizzou students from the Kansas City area are providing international students on campus with a taste of home. Kogo’s Kandies sells candy and treats from other countries, with the goal of fostering a more inclusive campus environment at the University of Missouri, said co-founders Jacob Burrell-Kogo and Henry Accardo.…
Custom digital avatar tech, affordable housing startup among Scale’s third cohort
Startland News’ Startup Road Trip series explores innovative and uncommon ideas finding success in rural America and Midwestern startup hubs outside the Kansas City metro. This series is possible thanks to the Ewing Marion Kauffman Foundation, which leads a collaborative, nationwide effort to identify and remove large and small barriers to new business creation. COLUMBIA,…
Vytelle doubles its bovine IVF lab capacity; outpacing goals since its $13.2M round
A five-year plan initiated by Vytelle’s Series A funding round called for the agtech startup to double its laboratory capacity to produce bovine embryos through in vitro fertilization. Just a year later, the Lenexa-headquarted company already has opened its fifth new lab. Vytelle’s latest facility — in Franklin, Tennessee — is accessible to beef and dairy…