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
2022 Kansas City’s VC-Backed Companies Report
The metro’s field of venture capital-backed companies is getting more crowded — their payrolls swelling with new employees — amid a bounce-back from the global pandemic and new signals of Kansas City’s momentum, according to data in a new report from Startland News. The 2022 Kansas City Venture Capital-Backed Companies Report provides an updated snapshot into…
Sicilian legacy meats its match: Why this rising star on KC’s food scene was DiCapo’s pick to take over family pizzeria after nearly 100-year run
As a teenager working in downtown Kansas City in the 1990s, Theresa Santos found herself spending her breaks and spare time at the Italian Gardens restaurant on 12th and Baltimore, she recalled. Growing up in New York City and infatuated with Italian culture and food, Santos quickly became friends with the staff — then the…
You shouldn’t have to drive through hell to find a car, founder says; Startup brings concierge service to online auto customers
Not all car buyers want to be in the driver’s seat — especially when attempting to navigate a disconnected roadmap of dealer-focused online marketplaces, said Eric Westphal. “Years ago, when I was looking for a car, I knew what I wanted and I couldn’t find it locally,” said Westphal, describing the inspiration behind Overland Park-based…
‘Perfect for new mRNA vaccines’: Olathe startup targets biotech toward precision delivery
A sudden, then lingering, global pandemic put a spotlight on vaccine technology — with an Olathe startup now positioning itself at the leading edge of both pharmaceutical and vaccine applications for humans and their four-legged counterparts. “We manufacture and develop peptide delivery systems to help deliver drugs and vaccines safer and more effectively,” said Steve…