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
DivvyHQ landed Novel’s first investment by avoiding hockey-stick growth, co-founder says
It was a marriage of the minds, said DivvyHQ co-founder Brody Dorland, describing his marketing tech firm’s recent investment from Novel Growth Partners. The company’s leadership — Dorland and co-founder Brock Stechman — is honored to be recipients of NGP’s first investment, Dorland said. But the pairing didn’t come by accident, he added. “I think they viewed…
In talent showdown with corporate neighbors, startups must hire smarter, say Digital Sandbox experts
Kansas City heavy-weights like Garmin and Cerner court developers at the student level, said Brody Dorland, discussing a talent showdown seen by startups across the metro. “How am I supposed to compete with that?” asked Dorland, co-founder of marketing tech firm DivvyHQ, during a recent Digital Sandbox: Summer in the Sand panel about growing startup…
KC Fed: Want to strengthen Kansas City’s job market? Narrow skills gap caused by digital division
Digital division in Kansas City is taking its toll on the local workforce, said Jeremy Hegle. More must be done to allow skilled workers access to technology — in turn offering them a chance to succeed in a rapidly growing electronic economy, added Hegle, Federal Reserve Bank of Kansas City senior community development advisor. In…
Vote now: Kansas Citians vie to lead tech, education panels at SXSW 2019
A cadre of Kansas Citians are hoping to take the podium at one of the nation’s largest tech and innovation conferences in 2019. At least four Kansas City tech and entrepreneurship leaders are vying for panel or speaking spots at the 2019 South by Southwest conference March 8-17 in Austin, Texas. SXSW recently opened voting…