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
The red carpet, garageband and laboratory of funding models
Editor’s note: The opinions expressed in this commentary are the author’s alone. “Funding! Funding! Funding!” It’s the warrior’s cry of the startup community. In the world of entrepreneurship, there’s an incredible amount of pressure to run a startup that can be described as “disruptive,” “innovative” and “scalable.” Those descriptions come with a hefty price tag,…
Kauffman Foundation CEO serves up 5 policies for entrepreneurial growth
Adaptation, experimentation and research. No, those aren’t tips to run a startup. Rather, they’re a few of the recommendations for lawmakers to consider if they’d like to spur nationwide entrepreneurial growth, according to Wendy Guillies, CEO of the Ewing Marion Kauffman Foundation. Now nearly a year into her tenure as CEO, Guillies recently presented five…
Google opens applications for Digital Inclusion Fellowship
Just two months after it unveiled free access to gigabit internet for low-income households in Kansas City, Google Fiber is again ramping up efforts to close the digital divide. In partnership with the Nonprofit Technology Network, Google Fiber has again opened applications for its Digital Inclusion Fellowship, this time looking for 22 bright minds to…
Crawl through Kansas City’s startup scene with this happy hour tour
After a two-year hiatus, a popular city-wide tour of area startups will return to offer residents a chance to learn about the entrepreneurs and innovative businesses around them. Set for May 20, the 2016 Kansas City Startup Crawl will wind its way through several of the area’s startup hotbeds, highlighting coworking studios, accelerators and community…