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
AudreySpirit fashions clothing to help chronically ill child patients feel like themselves again
AudreySpirit is designed to bring dignity to chronically sick children, said Donna Yadrich, detailing a specially created clothing line that doesn’t sacrifice practicality. “When my daughter Audrey was in the [Intensive Care Unit] the last time, I was looking at her arms and she just had so many wires and everything coming out of her…
KCultivator Q&A: Chad Feather ventured to China and back, stayed for KC kindness, community
Editor’s note: KCultivators is a lighthearted profile series to highlight people who are meaningfully enriching Kansas City’s entrepreneurial ecosystem. The KCultivator Series is sponsored by Plexpod, a progressive coworking platform offering next generation workspace for entrepreneurs, startups, and growth-stage companies of all sizes. Age doesn’t define entrepreneurial talent and Chad Feather is proof, he said…
UMKC Enactus team kicks open front door to Kansas City innovation scene with final four win
As the number of teams left standing in the Enactus U.S. nationals started to dwindle, members of the competitive entrepreneurial development program’s team at the University of Missouri-Kansas City rode a pulsating wave of excitement and emotion, recalled Ali Brandolino. “I started crying,” added Brandolino, UMKC Enactus vice president of operations. “It was the most…
ngGirls set to debut its one-day programming workshop for girls, women in Kansas City
Developing a “stress-free,” immersive learning environment is key to paving the way for female tech talent in Kansas City, said Alisa Duncan. “There are a lot of studies about how women learn better when they’re with other women and that kind of support system, so that’s what we’re trying to provide,” said Duncan, program director…