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
KC’s MixTape Monkey curates 11 million users through hip hop streaming service
Taking a long sigh, an underground mixtape mogul logs off from a live Q&A session with customers. Inside his two-bedroom downtown Kansas City apartment, Mark Serrano stares out a window overlooking the corner of 12th and Walnut streets. “Online I have this huge community, itʼs overwhelming,” said Serrano, referencing his staggering global user base of…
New home for Back2KC: Kansas City Startup Foundation expands talent pipeline efforts
It’s the Kansas City Startup Foundation’s turn to drive the tour bus, said Darcy Howe, announcing Monday the transfer of the Back2KC talent pipeline initiative to KCSF, the nonprofit ecosystem-building organization that also powers Startland News. The move means KCSF will take ownership of the program for its Oct. 3-4 return, adding a full-time team…
UMKC-powered tech could help visually-impaired Kansas Citians see via artificial intelligence
Gharib Gharibi is driven to succeed by a desire to pay it forward, he said, riding a high from his startup’s first-place, $20,000 win at UMKC’s Regnier Institute Venture Creation Challenge. “They helped us transform our technology from the computer lab to the real world,” Gharibi, founder of DeepLens and a UMKC PhD student, said…
iWerx Gladstone opens, expanding Northland coworking community (Photos)
Northland startups and business owners need more collaborative workplaces to call their own, Bob Martin said less than a year ago. This week, iWerx Gladstone turns that vision into reality. “More than just a place to work, iWerx Gladstone is a business development center committed to making connections and stimulating personal and professional growth,” said…