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
KCultivator Q&A: Darcy Howe helps awaken a sleepy city from its safe spaces, talks rest and refueling
Editor’s note: KCultivators is a lighthearted profile series to highlight people who are meaningfully enriching Kansas City’s entrepreneurial ecosystem. Empowering Kansas City entrepreneurs to realize their dreams is in Darcy Howe’s blood, she said with a coy smile, seated in an open meeting space atop the 24th floor of her downtown office. “Kansas City was…
Fishtech securing market position in the face of emerging threats, founder’s own win record
On track to reach $100 million in annual revenue by 2020, it’s full steam ahead for the cyber security freight train Fishtech Group, said serial entrepreneur Gary Fish. “It took me about 14 years to get [to $100 million] in my first company,” explained Fish, founder and CEO of the three-year-old, Martin City-based, data-driven security…
University of Saint Mary launching entrepreneur boot camp to supplement OP campus’ healthcare focus
A new, four-week crash course in entrepreneurism is coming to the University of Saint Mary’s Overland Park campus, with officials hoping the pilot helps healthcare-focused students better connect with needed business skills. “We have a lot of wisdom to share,” said John Shultz, vice president for admissions and marketing at the university, noting a treasure…
Kauffman address leaves DC; Execs say the people (not politicians) will revive entrepreneurship
Everyone should have the opportunity to take a risk, achieve success, and give back to their communities through entrepreneurship, Wendy Guillies said. But it’s a collaborative process that begins at home, she noted. “The reality is we all have a part to play in creating a more prosperous national economy and that starts with growing…