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
Founder Problems: Podcast captures the ‘messy middle’ you don’t see on entrepreneurs’ highlight reels
A new Kansas City-based podcast is skipping over the fairy tale stories of founding a startup; instead diving straight into the messy parts, the hosts shared. Founder Problems — hosted by local entrepreneurs Sarah Schumacher, Zach Oshinbanjo, and Lee Zuvanich — is embracing the aspects of starting and running a business that no one wants…
‘Invest with women we know’: This $1.4M wellness hub project is redeveloping one neighborhood from within
It’s an old real estate adage: “Buy the worst house in the best neighborhood.” Longtime Kansas City commercial broker Sheryl Vickers said it also applies to business properties, “one thousand percent.” Like twin mid-century office buildings just over the Missouri/Kansas state line in Prairie Village. “I drove by it, what a sad state,” said Vickers,…
Digital health startup aims to save medical providers time while bringing down cost of AI tech
CarePilot is on a mission to bring AI and automation to smaller medical clinics that don’t always have access to cutting-edge technology, shared founder and CEO Joseph Tutera. The Overland Park-based startup’s ambient AI technology — designed to help those smaller practices operate more efficiently — captures patient-provider interactions in real time, automating administrative tasks…
Street art to stage: KC fashion designer styles iconic Jim Crow-era musical comedy without missing a beat
Designing for theater gives Whitney Manney the opportunity to be as big and loud as she wants, the street bespoke creator said. A new musical production of “Hairspray” puts Manney’s bold aesthetic through a new lens — and alongside a timely story of acceptance, diversity, and the power of music. “There is no such thing…