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
Veteran podcast creator finds inspiration at the crossroads of hip-hop, health; now launching digital magazine
Jessica Dalby might be the name and face of her business, but her brands are all about lifting up others, she said. “My mission statement is: everyone can shine and succeed together,” detailed the founder of Jessica Dalby Brand Media. Under the company’s umbrella are four brands: “Diggie A-2: The Progression of Hip-Hop” video/audio podcast,…
Pure Pitch Rally set for October return at Burns & Mac HQ; startups competing for $1M+ in cash, prizes
A new backer — one of Kansas City’s biggest corporate names — will help amplify the laser-focused mission of the Pure Pitch Rally, said Karen Fenaroli, announcing open applications for the 2022 startup competition. Burns & McDonnell, an industry leader in construction engineering, joins the Pure Pitch Rally as a major sponsor of the annual…
Five KC-area projects get green light for $48.2M in federal funds to bolster supply chain, support racial equity, economic growth
A federal push to make U.S. transportation systems safer, as well as more accessible, affordable, and sustainable will boost a handful of Kansas City modernization projects — including two that would reconnect east-west communities within the metro, the nation’s top transportation official announced Thursday. Nearly $48.2 million in funding is slated for local planning and capital…
ROI from PayIt’s recent $90M investment displays value of MTC’s early support, agency says
Marquee successes for two Show Me state companies — including a massive funding round for one rapidly growing Kansas City govtech scaleup — show the value of Missouri Technology Corporation’s early stage investment programs, said state and agency officials Thursday. A key example, they touted: PayIt, a SaaS platform that simplifies interactions between government agencies and…