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
‘A relentless pursuit of perfection’ earns Niall national nod
Kansas City watching-making startup Niall recently topped a list of leading American-made watches. A publication that features social impact brands,The Good Trade dished a cornucopia of commendations to Niall, a two-year-old startup that’s surged in popularity and snagged headlines around the nation. The online media group made note of CEO Michael Wilson’s tireless pursuit of excellence with…
Fund Me, KC: FireBoard’s thermometer cooks up smarter chefs
Startland News is continuing its segment to highlight area entrepreneurs’ efforts to accelerate their businesses. This is an opportunity for entrepreneurs — like Fireboard founder Ted Conrad — to share their stories to gain a little help from their supporters. Back FireBoard’s Kickstarter here. Who are you? Ted Conrad, founder of FireBoard What does FireBoard…
Serial entrepreneur Gary Fish’s new venture is ‘about helping others be successful’
After over a year of settling down into a relaxed lifestyle, serial entrepreneur Gary Fish found that he missed the thrill of competition that comes with running a business. In April, the successful Kansas City businessman launched Fishtech Labs — a managed security services company that also boasts an investment arm that targets tech firms.…
Ahead of KC Coworking Week, leaders dispel industry misconceptions
About a year ago, leaders in Kansas City’s coworking industry banded together in an alliance to bring awareness to their trade. The Kansas City Coworking Alliance has grown as a catalyst in the area startup community, promoting independent collaborative working among entrepreneurs and remote workers. Comprised of 10 studios around the metro, the group is…