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
WATCH: Faces of KC entrepreneurship find strength in numbers, community resources
A new video from KCSourceLink highlights the faces of Kansas City entrepreneurship — featuring makers, innovators, tech founders and social entrepreneurs — and their connection to the resource network and ecosystem infrastructure in Kansas City. “It takes very special people to be able to put everything on the line,” says Reggie Gray, executive director of Black…
We Create KC report: Half of top VC-backed companies tapped early-stage support
In 2018, 50 percent of the top venture capital-funded companies in Kansas City got their start with early-stage investment programs that emerged after 2012, according to We Create KC 2019, KCSourceLink’s sixth annual state of entrepreneurship report. “That high percentage shows us how important these early-stage investment programs are to our entrepreneurs and our ecosystem,”…
KCultivator Q&A: Jonathan Bender boils down his talents to curate KC food scene
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. He’s mastered the art of pairing the perfect cookie with the crispest…
Time to see green: 3 startups spring into Digital Sandbox KC proof-of-concept program
The path from concept to commercialization has three reinvigorated travelers this spring, Jeff Shackelford said Thursday, announcing the latest early-stage entrepreneurs to join Digital Sandbox KC. The program’s newly joined startups include a tech-driven legal solution and two companies using artificial intelligence to innovate their industries, said Shackelford, executive director of Digital Sandbox KC. “As…