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
Topeka recruited dozens of Filipino teachers for local classrooms; at year’s end, the district hopes they’ll stay
Startland News’ Startup Road Trip series explores innovative and uncommon ideas finding success in rural America and Midwestern startup hubs outside the Kansas City metro. TOPEKA — Although international educators are not new to the state’s capital city, Topeka welcomed about 50 teachers from the Philippines this past school year to address shortages within the…
Startup ideas are here, but does Kansas have the risk capital to get them to the next level?
Eight early-stage Kansas entrepreneurs sat across from Midwest-based investors this week at Aspiria NOW in Overland Park, engaging in rapid-fire, “speed dating” style meetings aimed at moving their ventures closer to real investment. “We’re seeing just a great inflow of companies, especially at the early stage, come in just high levels of sophistication and awareness…
‘Buy, buy, buy while we can’: This KC toy store is stockpiling Christmas gifts now as tariff reality unwraps
Brett Goodwin and Alan Tipton are feeling even more thankful right now for the large, dry basement at The Learning Tree — the independent toy store they own in Prairie Village — amid worries over tariffs on Chinese imports and how they’ll impact prices from toy manufacturers. The best they can do to prepare: stockpile…
KC’s pro pickleball team getting new $6.5M home near Arrowhead, Kauffman Stadium
A long-awaited redevelopment project in Kansas City’s stadium corridor is transforming the former CoCo Key Water resort into a vibrant destination pickleball facility with eight indoor courts, a full-service bar and restaurant, a coffee shop, and event spaces. It also will be home to the Kansas City Stingers, a professional team in the National Pickleball…