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
Fund Me, KC: ‘Rise Up, Get Started’ competitions give spotlight to formerly incarcerated entrepreneurs
Startland News is continuing its segment to highlight area entrepreneurs’ efforts to accelerate their businesses. This is an opportunity for entrepreneurs — like startup community leader founder Kyle J. Smith’s Rise Up, Get Started campaign— to share their crowdfunding stories to gain a little help from their supporters. Who are you? I am Kyle J Smith, founder of…
VIDEO: KC startup BAM supplies soundtrack to LEANLAB’s education mission
The mission of Base Academy of Music (BAM) is clear –– help kids in Kansas City’s urban core reach their God-given potential, one note at a time, said Clint Velazquez. “Music is what got me through school,” Velazquez, founder of the academy said. “I became a music teacher later in life. Working in the suburbs,…
KCFD: Only 19 accidents in four months involving electric scooters popular in Crossroads, downtown
The arrival of trendy Bird and Lime electric scooters hasn’t tripped panic alarms for the emergency medical services in Kansas City, according to a new report from the city. A manual review of nearly 100,000 EMS records logged between July and Oct. 31 shows only 19 accidents involving the scooters, the Kansas City Fire Department…
Teach for America KC celebrating 10 years building entrepreneurs to fight education inequity
Dividends from Teach for America KC swelled Rachel Foster’s development as a teacher and community member invested in Kansas City, the leader in innovation-driven education said. “I owe everything, it feels like, to Teach for America,” said Foster, Young Entrepreneurial Spirit program leader at Lee A. Tolbert Community Academy. “The fruits keep coming in for…