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
‘Those are fighting words’: Why Weston Bergmann won’t stop until ‘The Blox’ changes every challenger’s life
With the largest live-in startup competition now available on Amazon Prime Video, the stakes have never been higher and the potential never greater for “The Blox” — a show where the reality TV format is mined to turn entrepreneur education into entertainment. “The demand to be on the show has exponentially grown, and with it…
Team behind KC Current, CPKC Stadium honored as Entrepreneurs of the Year
Chris and Angie Long scored another big win Thursday — joining the roster of Kansas Citians honored as UMKC’s Entrepreneurs of the Year — amid an evening that celebrated the world of athletics and the leaders who make the KC sports scene shine. “We feel very proud that we have set a bar,” said Angie…
UMKC’s Student Entrepreneur of the Year sees business potential in KC’s diverse futbol ecosystem
Lesly Romo couldn’t shake an idea bouncing around in her mind for the past few years: a venture she ultimately would call Golazo, a multi-faceted soccer facility that offers the world’s diverse forms of futbol all in one place. Recently named UMKC Student Entrepreneur of the Year, Romo first conceived the concept during her freshman…
InvestMidwest aims to turn connections into dollars; startups can apply to pitch now
Attending InvestMidwest as an audience member was so impactful for Nick Love that the Love Lifesciences co-founder hopes to pitch his own company when the startup-investor conference and showcase returns this spring to Kansas City — for the first time since 2019. “InvestMidwest allowed us to speak with investors, but was also structured such that…