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
Winners revealed: LaunchKC awards $300K in rebooted grants competition
LaunchKC’s cornerstone grants celebration returned Tuesday after a four-year hiatus, awarding six Kansas City startups — from gaming and edtech to IoT and healthcare — with $50,000 each in non-dilutive grants. “A win for these companies is a win for Kansas City,” said Becca Castro, strategic initiatives manager for the Economic Development Corporation of Kansas…
‘Perfect is the enemy of progress’: KC founders say the right time for entrepreneurship is now — even if mistakes are inevitable
Early in John Thomson’s entrepreneurial journey, the PayIt co-founder realized no one had all the answers, he shared; and anyone who waits until they feel comfortable enough to start a business will be waiting forever. “We’re all imperfect, certainly fallible. You’ve got to keep going and not worry about perfect. Perfect is the enemy of…
Co-founder of nonprofit that boosts Black businesses among two winners of $100K Pinnacle Prizes
Brandon Calloway reflects the best of Kansas City’s young leaders, said Maurice Watson, announcing the G.I.F.T. co-founder as one of two winners of the 2022 Pinnacle Prize — an award that comes with a no-strings-attached $100,000. “Brandon grew up in the urban core and is motivated to make social and economic conditions better than those…
Bank of America awards $200K to Pawsperity, a social venture startup supporting struggling parents
Two Kansas City nonprofits are expected to receive hefty, multi-year grants from one of the nation’s banking giants — focusing on direct funding and leadership development — including a social enterprise that uses dog grooming to improve parents’ quality of life. Bank of America on Tuesday announced Pawsperity, formerly The Grooming Project, as one of two “Neighborhood…