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
The not-so-secret Sauce behind KC hip hop entrepreneur’s success: Authenticity
Royce “Sauce” Handy wears his influences and inspiration like pins on the outside of his well-worn jean jacket. The KCK-born hip hop entrepreneur embraces his identity: A collector of Goosebumps books. A student of history. A fan of 1990s family sitcoms. And he’s unapologetically black. His lips twist into a smile and his eyes brighten…
Startup Hustle podcast duo pledging $50K in Full Scale tech resources at Pure Pitch Rally
Early stage businesses need more than cash — they need the tools to grow, said the hosts of the KC-based Startup Hustle podcast. “Good ideas in startups move faster when they’re supported by successful business people in the community,” said podcast co-host Matt DeCoursey, announcing the plan late Wednesday to award $50,000 in tech resources,…
ProjectUK introducing specialty accelerator’s latest cohort Oct. 10 at Travois
Project United Knowledge is the only Kansas City accelerator that truly fosters collaboration between entrepreneurs and those in the industry establishment, said Quest Moffat. “It’s the biggest and most dramatic reason that we’re different from other accelerators in the Midwest region,” said Moffat, ProjectUK founder. “Co-building is where the corporation and the people that run…
New Wichita and San Antonio locations tickle Chicken N Pickle itch for expansion
North Kansas City’s Chicken N Pickle is picking up speed faster than a pickleball soaring across one of the business’ popular courts, said Laurie Morrissey. Hatched within eyesight of the downtown Kansas City skyline, the entertainment venue is making a game-changing serve with its fast-casual approach to community recreation and the evolution of America’s fastest…