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
Made in Kansas City named TeamKC MVP for celebrating KC pride, promoting talent
With its sprawling footprint and focus on local creatives, Made in Kansas City is among the most valuable brands in the metro, TeamKC announced Friday, touting the startup as an economic development driver worthy of its MVP award. Made in KC — founded in 2015 as a retailer of Kansas City-centric and locally designed and made…
After expanding West Bottoms production, Convivial shaping new botanical concept in Crossroads
Bootstrapped design and manufacturing company Convivial is reaching out with a clay-covered hand from its West Bottoms production space to plant a Crossroads retail concept, said Chentell Shannon. “I feel grateful and I feel honored and excited and scared — I mean, growing a business is scary,” laughed Shannon, founder of Convivial. Having delivered handmade…
SPN report: KC underperformed on venture deals by $100M in 2018, despite cool jobs and connectivity
Google Fiber infrastructure and cool tech jobs alone aren’t enough to power a vibrant startup ecosystem rich with venture-backed investments, according to a new report that takes a critical look at Kansas City’s place within the Midwest economy. “The [Kansas City] community boasts the fastest broadband speed and is competitive in most of the other…
CB Insights calls KCRise most active VC in Kansas; Fund credits work of small team, innovative portfolio startups
Kansans don’t fear hard work, said Darcy Howe. An investment in such a mindset has come with big returns for the KCRise Fund, newly proclaimed the most active venture capital fund in the Sunflower State, according to CB Insights. “Perhaps overused but Margaret Mead’s quote, ‘Never doubt that a small group of thoughtful, committed citizens…