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
Crossroads small biz owners to Royals: Come back with a better plan (and put it in writing)
It didn’t have to be this way, said Crossroads business owners, blaming Tuesday’s failed stadium sales tax initiative on what they viewed as a lack of transparency and legally binding agreements, too many last-minute deals and changes, and a disregard for community input. Most, however, hope the conversation isn’t entirely finished. Jackson County voters this…
These founders just earned Digital Sandbox KC funds; next comes proving their concepts
A trio of newly funded Digital Sandbox KC companies includes a closely-guarded startup launched by an exited Pipeline founder who also helped bring headline-grabbing sports tech to the forefront of the Kansas City innovation scene. Mission Hills, Kansas-based Chemniscient (pronounced kemʹniSH(Ə)nt) is currently operating confidentially and is not disclosing any product information to the public…
Voters hand Royals, Chiefs a resounding defeat on sales tax that would’ve funded stadium projects
Editor’s note: The following story was published by KCUR, Kansas City’s NPR member station, and a fellow member of the KC Media Collective. Click here to read the original story or here to sign up for KCUR’s email newsletter. The 3/8th-cent sales tax extension would have helped build a new Kansas City Royals stadium downtown as well as fund renovations…
Kelce Jam returning to KC in May with Lil Wayne, Diplo, 2Chainz (plus Takis and Uncrustables)
Travis Kelce’s celebration of the Kansas City Chiefs’ back-to-back Super Bowl championships not only flexes the star tight end’s pull with top-tier artists, but showcases his ability to attract major brand deals. Kelce Jam returns Saturday, May 18 to Azura Amphitheater in Bonner Springs, Kansas, with musical performances personally curated by the three-time Super Bowl…