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
KC angels pile in with $2.74M funding raise for Matt Watson’s Stackify
A team of six local angel investors has pushed Kansas City-sourced Stackify past the $2 million mark in the company’s latest funding raise, Matt Watson announced Wednesday. “We are using the funds to continue our aggressive growth plans,” Watson, founder and CEO, said of the raise. Uploaded onto the startup scene in 2012, Stackify has…
Smart strategy generates wins for Evergy Ventures — KC’s quiet investment powerhouse
Editor’s note: The following content is sponsored by Evergy Ventures but independently produced by Startland News. As two long-standing utility companies merge, they’re creating a new kind of energy for GXP Investments — now known as Evergy Ventures — said Dennis Odell, announcing a rebrand of the investment firm. “GXP Investments — GXP — it…
Predicting sick days: Sickweather showers HR with data on illness mapping, trends
It’s a partnership more than a year in the making, said Graham Dodge, announcing Sickweather’s deal to help a leading employee benefits company predict workers’ sick days. The Kansas City-based startup is piloting a program among the more than 10,000 employees at Unum Group to give managers more data and insights to plan for absenteeism.…