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
Overland Park aviation software firm flies in $31M growth equity investment from Austin
Flight Schedule Pro — the maker of industry-leading cloud-based tech for flight schools, universities, and flying clubs — recently opened the hangar doors on $31 million in funding from an investor landing deals with fast-growing, bootstrapped software companies. Financial terms of the investment from Mainsail Partners, a growth equity firm that boasts offices in Austin…
Kansas legal tech startup’s exit unlocks opportunity to accelerate innovation, founder says
An Overland Park startup developing intuitive websites and marketing solutions for small law firms says its just-announced acquisition by a leading cloud-based legal operations platform is the verdict needed to push its services to mid-market clients and beyond. “Combining the best-in-class websites with practice management software unlocks a unique opportunity to deepen product integration and…
Real-world working: Relaunched initiative will put 500 paid teen interns into KC workplaces
A coalition of funders and employers are teaming up to provide 500 high school students across the Kansas City metro with paid summer professional experiences. “It’s really important that we come together as a community for these types of initiatives to make sure our young people are really connecting the dots and moving onto the…
Startup embraces ‘digital labor’, creating personalized robots for tedious tasks — beginning with cold calls
Salespeople spend too much time searching for emails, making cold calls and setting up meetings — leaving less energy for comprehensive conversations and closing deals, said Nick Smith. His solution: robots for salespeople or, as he calls them, “Sailebots.” “One day I had a revelation that there could be a tool for these mundane tasks.…