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
Time for apathy is over, Condon says; Advocates make business case for Pre-K funding
Kansas City’s unequal playing field for children and inconsistent access to early education programs has a distinct ripple effect into the business community, Matt Condon said, advocating for Mayor Sly James’ Pre-K for KC initiative. “I don’t make any apologies about what a great city this is. But on this issue in particular, we are…
$4M childcare center on Prospect could be pivotal for urban core development
Students who grow up in Kansas City’s urban core shouldn’t be denied access to a quality education based on their address, Myron McCant said as he thumbed through renderings of a 15,000-square-foot learning space that could soon grant such students access to a brighter future. “If you would come into my facility, then you would…
Next KCMO mayor needs this personality trait to build trust, Sly James says
The role of mayor doesn’t always require being “the lead dog on the sled,” said Sly James. Rather, it’s an opportunity for a bridge between those knowledgeable enough to make change, the outgoing KCMO mayor added. “I sit in a position where — let’s say generally, not always — when I call, people call me…
KCMO mayoral vote: Confused? Undecided? Seven FAQs for those still on the bubble
Amid nearly three dozen Kansas City mayoral candidate forums, Startland readers raised a round of questions — some easy to answer, others loaded — but each invested in seeing who will emerge from the shadow of popular, bow tie-wearing mayor, Sly James, to lead KCMO. Here’s a breakdown of the most frequently asked questions about…