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
Juneteenth efforts confront ‘complex history’, generational trauma in KC communities
Celebrating Juneteenth in Prairie Village — a community that historically excluded people of color — is a sign of progress, said Dr. George Williams. Stand Up For Black Lives+ Prairie Village and the Johnson County NAACP recently organized a weekend Juneteenth event — the groups’ fourth annual commemoration of June 19, 1865, the day the…
This BBQ vendor comes fully loaded with spuds and spices; Soon he’ll park the business along one of KC’s busiest streets
Southern flavors find a new home at the window of Thomas “TC” Clark’s food truck, a popular Kansas City destination on wheels that specializes in Southern and barbecue cuisine served on loaded baked potatoes. “When I moved here, I missed the barbecue baked potatoes we had back home, so that was a big inspiration,” said…
Before restaurant’s debut, this KC founder’s expansion was threatened by predatory loans
Editor’s note: The following story was originally published by AltCap, an ally to underestimated entrepreneurs that offers financing to businesses and communities that traditional lenders do not serve. There’s nothing quite like the crackling warmth at the heart of a campsite. “I just love what the fire does,” said Amante Domingo. “It brings people around,…
Kauffman Foundation looks within, names new executive director for 1 Million Cups, FastTrac
The new steward of two core programs from the Ewing Marion Kauffman Foundation brings a wealth of experience in inclusive entrepreneurship and as a workforce development leader, the influential Kansas City philanthropic organization said Monday. Olatunji Ajani, a current associate at the Kauffman Foundation, begins his role as executive director for 1 Million Cups and…