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
Service took Yinka Faleti from Kuwait to Ferguson; now this VC’s pushing social change from a $25M fund
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. ST.…
Here for the party: Mobile bar wants you to drink your brand (and its own laid-back, good-times vibe)
A new mobile bar business wants to take the cockiness out of the cocktail scene. “There’s a lot of ego in the cocktail scene, but we think the bar should be a distraction,” said Brian Shellenberger, co-founder of runner! cocktails. “When you’re having a stressed out week, what do you do? You go to a…
Look up for ‘King Me’: How Rif Raf Giraffe’s colorful new mural paints a full circle moment on this Crossroads corner
The chaos created by an unexpected building collapse that sent Jason Harrington’s East Crossroads apartment crumbling to the pavement below ultimately made room for an even larger canvas, said the famed graffiti artist also known as Rif Raf Giraffe. In 2018, the building now home to King G — a neighborhood bar and deli —…
Fully funded in less than 6 hours: KC-stitched Yardball reinvents the game of catch, nearly doubles Kickstarter goal
Chad Hickman has experienced how easy it is to get lost in a deep conversation while playing a game of catch, he shared. “When your only goal is to throw something back and forth, you can really open up in a conversation and focus on the now. You’re not worried about other things. I used…