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
Kansas City corporate leader works to take ClimateTech from research to the real world
The solar canopy at Operation Breakthrough’s high-profile STEM lab and youth coworking space was an opportunity for Black & Veatch to put one of the firm’s core capabilities to use for the community and the climate, said Ilya Tabakh. “[Our goal was] to support an initiative that supports STEM education, combines sustainability and technology, and…
Just funded: Meet the five latest startups scaling their tech, Digital Sandbox KC’s impact
Five emerging startups are the latest to benefit from Digital Sandbox KC’s support — investment and resources that have led to more than $200 million in follow-on funding in less than 10 years for Sandbox companies. “Without this funding, it would have taken us much longer, as the whole project is currently being bootstrapped,” said…
Developers’ plan for massive West Bottoms investment stirs fear in some neighbors
Editor’s note: The following story was originally published by CityScene KC, an online news source focused on Greater Downtown Kansas City. Click here to read the original story or here to sign up for the weekly CityScene KC email review. SomeraRoad’s ambitious proposal to transform a sleepy section of the West Bottoms into a “dynamic” mixed-use district has strong…
How a historic Roman Catholic private school became ‘the queerest hotel in Kansas’
With its claim to fame as the first incorporated city in Kansas, Leavenworth is a hidden treasure of historical sites, said Ilan Salzberg, but its significance does not end within its past, as the vibrant town has still so much to offer. “Leavenworth is a really cool town that I think commonly gets overlooked. People…