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
American Voter App gives power, political sway back to the people, founders say
Gamifying the political process could score a more engaged voting public, said Dan Prince, co-founder of the American Voter App, explaining the still-developing technology would be the first to put the power of the ballot box conveniently into users’ smartphones, he said. “We all realize our obligation to be informed and educated and vote on…
Edison Jumpstart grants offer early stage startups an office space entry point
A new grants program will give entrepreneurs the opportunity to “try it before you buy it” — removing a barrier to entry for young startups looking for high-end office space, said Matt Druten, announcing the Edison Jumpstart Program. “We’ve always said [Edison Spaces’ flexible office setup] was built by entrepreneurs for entrepreneurs,” said Druten, CEO…
WSJ report: Overland Park-based DEG posts $150M exit in deal with Japanese ad behemoth
Top-tier Kansas City digital agency DEG will provide a global advertising giant with an opening into the U.S. market, as well as push the locally-headquartered firm’s reach international, the companies said Tuesday. Dentsu Aegis Network announced the acquisition of Digital Evolution Group (DEG) as part of an effort to transform its existing creative hub, Isobar.…
KCultivator Q&A: Katie Kimbrell pushes reimagined education, equality for women
Editor’s note: KCultivators is a lighthearted profile series to highlight people who are meaningfully enriching Kansas City’s entrepreneurial ecosystem. The KCultivator Series is sponsored by WeWork Corrigan Station, a modern twist on Kansas City office space. MECA Challenge and Startland News are both programs of the Kansas City Startup Foundation, though the content below was produced…