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
‘Cure-all’ for your hunger: Chefs offer tastes of what’s to come at KC’s newest food hall
A Kansas City-simmered food hall concept is expected to unveil its long-awaited dining experience next month in the lightwell building downtown — pairing two well-seasoned culinary minds with appetites for inventive tastes. Officially dubbed the Strang Chef Collective at lightwell, the chef-driven venture will feature a duo of restaurant concepts — Verde and Panacea —…
Troost capital project hits $15M goal; 2023 completion expected to address ‘blight at the heart’ of trauma in KC
Reconciliation Services recently crossed the finish line of a $14.9 million capital campaign to breathe new life into its aging homebase at one of Kansas City’s most bustling intersections, said Father Justin Mathews. “We were able to complete the $15 million raise in approximately 18 months, which is a tribute to the generosity of Kansas…
Lifted Spirits teases expansion, recipe for its quirky cocktail of success: Math plus intuition
After noticing more than a decade ago how distillation and cocktails enhanced his own friendship groups, Michael Stuckey set out to create that same sense of community for others. “I fell in love with the idea of spirits first; this idea that spirits were inherently about bringing people together,” said Stuckey, founder of Lifted Spirits…
Black Pantry expands nationally through online shop; founder works to set new standard for buying Black
Kansas City’s premier boutique for Black-owned essentials always had its sights set on building a national identity, said Brian Roberts, but he needed to prove himself and his business on the local level first. “A lot of people were pushing me in the beginning to go the website direction, but I didn’t want to do…