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
Five gift ideas under one roof: Snag the KC-made best-sellers inside 811 Retail
Editor’s note: The following holiday feature is presented by The Porter House KC — built to bridge the gap between underrepresented small business owners and access to community-driven entrepreneurial support, education, and resources. Nearly 18 months after opening its doors, the 811 Retail incubation space in Midtown has boosted sales for the entrepreneurs inside —…
How the 2025 Kansas Citians of the Year proved ‘KC Made’ could compete against the world
They recognized Kansas City’s promise and potential early — helping usher in a new era of global sports opportunity for the region. Now Cliff Illig and Kathy Nelson are the latest community shapers crowned Kansas Citians of the Year. Honored Tuesday night during the Greater Kansas City Chamber of Commerce’s annual dinner, the two were…
It’s gametime for for holiday shopping: Eight gift ideas for the Kansas City sports fan on your list
Editor’s note: The following holiday feature is presented by Sideline Solutions, which specializes in sideline media carts and offers customized sports equipment and services. Cleats and clutter don’t mix, said Ron Barnes, throwing a flag on the dangers and inefficiencies he’s observed on the sidelines of high school football fields for the better part of…
Mayor: Film projects roll $24M into region’s creative economy as KC productions boom
When Hallmark’s “A Grand Ole Opry Christmas” airs this weekend, Kansas City viewers — and audiences across the globe — will see recognizable locations from throughout the metro, where a significant portion of the movie was filmed. It’s an increasingly common showcase of KC’s versatility, said Quinton Lucas, as the region takes its place on the…