Five Elms Capital leads investment round in Atlanta SaaS firm
February 13, 2017 | Bobby Burch
Five Elms Capital is continuing a streak of deals to kick off 2017.
The Kansas City-based venture capital firm announced Monday that it’s the lead investor in MemberClicks, a SaaS provider that helps associations, trade groups and nonprofits manage members. Five Elms — which was joined by New York-based Level Equity as lead investors — did not disclose the value of its investment in the Atlanta-based company.
The investment comes about a month after Five Elms investment in a San Diego-based security firm.
Five Elms managing partner Fred Coulson said that his company has been proactive in targeting the association management space.
“They have been very thoughtful about building a disruptive and modern SaaS platform in a space where many others have invested far too little in their technology stacks,” Coulson said in a release. “This investment comes at a time when MemberClicks has all the pieces in place to step on the gas and meaningfully scale their business.”
MemberClicks CEO Mark Sedgley said that the capital will allow the company to enhance its product offering and expand its sales and marketing efforts. MemberClicks works with more than 1,600 North American organizations, the company said.
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
SoftBank’s $100B fund manager: Kansas City is a place people want to stay
SoftBank Capital managing partner Ron Fisher recently said he’s open to deploying some of the $100 billion fund he helps manage in the Midwest, including Kansas City. In an interview with VentureBeat, Fisher discussed Tokyo-based SoftBank’s bold plans to dish some $50 billion in venture capital to U.S. firms and thereby create 50,000 jobs. SoftBank…
Fund Me, KC: KCGeoLab is bringing geographical science, open data to the mainstream
Editor’s note: Startland News is continuing its new segment to highlight area entrepreneurs’ efforts to accelerate their businesses. This is an opportunity for entrepreneurs to share their stories to gain a little help from their supporters. If you or your startup is running a crowdfunding campaign, let us know by contacting news@startlandnews.com Who are you?…
KC mom turns entrepreneur to help kiddo’s kidney condition
In 2013, Tamra Johnson’s daughter faced a life-or-death situation. After contracting an E. coli bacterial infection, Johnson’s daughter, Maleena, lost function to both of her kidneys. Fortunately, a kidney transplant from Maleena’s father, Jamie, saved her life, but it created a new problem: hydration. Maleena was expected to drink over four liters of water per…
Focused on KC, the Lean Lab welcomes five new ed tech startups
The Lean Lab, a Kansas City-based education tech accelerator, is returning for its fourth year with a new approach that aims to be more community focused and sophisticated. During a Tuesday event, the Lean Lab announced the five new startups in its 2017 cohort at a breakfast at the recently renovated Corrigan Station. Katie Boody,…