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
Mid-America Angels invests $287K in medical firm Voxello
The Kansas City-based Mid-America Angels investment group announced that it’s backing an Iowa-based medical device company. The regional network of angel investors announced Monday that it invested $287,000 into Voxello. The company created the “noddle,” which allows hospitalized patients to communicate nonverbally. The device detects voluntary gestures — such as a tongue click, eye blink or…
Cowork Lee’s Summit to revamp old post office for entrepreneurs
Lee’s Summit is set to receive a large, new coworking space to serve as the city’s entrepreneurial hub. The founder of Community Buying Group, Ben Rao said he will soon close on purchasing the old Lee’s Summit Post Office to convert it into a 13,000 square-foot coworking space named Cowork Lee’s Summit. Without any nearby…
CNN features Kansas City and St. Louis’ resilient growth
Kansas Citians are already familiar with the perks of calling the metro home — the friendly people, innovative culture and affordability to name a few. The City of Fountains, as well as its neighbor to the east, St. Louis, received validation of those facts Thursday via a lengthy CNN feature on their “bounce back” from the…
K-State LAB offering Kansas startups free growth resources
A Kansas State University business development program is awarding more than $100,000 in grants to Kansas startups. Through K-State LAB — which stands for “launching a business” — participants will receive business lessons, face-to-face mentoring and access to market research. Launched in 2014, the program aims to connect entrepreneurs with the right people so that they…