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
Here’s how a new data dashboard could help KCMO redirect funds to small businesses
A new data dashboard built to better understand Kansas City’s business needs — and guide the city’s response — is not only revolutionary for the metro, said Nia Richardson, it could be the first of its kind, period. Small business advocates already are calling it a win. “I don’t know of any other city or playbook…
Modern world requires entrepreneurs to think like creatives, says KU’s Innovator in Residence
Editor’s note: The University of Kansas’ School of Business is a partner of Startland News. LAWRENCE, Kansas — Building a skill set around creativity is critical to entrepreneurship — especially at a time when careers can be short-lived, said Josh Wexler. “Jobs are no longer for life,” explained the Innovator in Residence at the University…
Grantmaking reboot ‘just one piece of the larger puzzle’ in Kauffman Foundation reset, CEO says
Overhauling the Kauffman Foundation’s grantmaking strategy aligns with a broader, holistic reset for the influential Kansas City organization, said Dr. DeAngela Burns Wallace, emphasizing org-wide moves to deepen the impact and dialogue sparked by its giving. “We’re still engaged in the work happening locally, regionally, and nationally,” said Burns-Wallace, president and CEO of the Ewing…
KC Current’s goalkeeper AD Franch lauded for teaming with WeCodeKC to empower urban youth
AD Franch is more than just a world-class athlete; she’s a true community servant, said Tammy Buckner, founder of WeCodeKC, heaping praise on the KC Current goalkeeper-turned-advocate for technology education in Kansas City. “Her passion and dedication to our students are unmatched,” said Buckner. “Through her partnership, we’ve been able to bring sports and technology…