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
Insecure phones, devices creating largest-ever sensor grid (for China) in US homes, says Pepper cyber security report
As an industry, the state of cyber security is a “hot mess,” Scott Ford said candidly. “Frankly, its at a point where it ought to be concerning to everybody,” Ford, CEO of Pepper IoT, said in response to a new report that examines the state of the IoT space and released as part of a…
Missouri Hyperloop talk turns to motion sickness, comfort at high-speeds
But how will it feel? With the feasibility of a high-speed Missouri Hyperloop route connecting Kansas City to St. Louis in about 30 minutes now established, the conversation has shifted tracks to ergonomics, said Diana Zhou. Curious members of the public want to know more about the safety of the proposed transportation mode’s 600-plus-mph speeds,…
$300K Kauffman grant will keep no-cost LaunchCode coding classes in KC another two years
Sourced in community building through enhanced access to resources, a grant from the Ewing Marion Kauffman Foundation will allow LaunchCode Kansas City to continue its training program for at least two additional years, the program announced Thursday. “It’s very exciting. We know that it’s, in part, through the vision of the Kauffman Foundation that LaunchCode…
New Kauffman indicators point to more fertile ground for startups on Missouri side of state line
A new analysis of early-stage entrepreneurship over the past 20 years indicates a more welcoming environment for fostering startups has developed in the Show Me State. In a state-by-state breakdown released Thursday by the Ewing Marion Kauffman Foundation, Missouri outperformed Kansas across the board. Overall, Missouri’s scores showed climbing measures of entrepreneurship, while Kansas saw…