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
Downtown space levels up with ‘Novel Coworking’ name change
About seven months after arriving in Kansas City, one of the area’s newest coworking spaces has announced a name change. Chicago-based Level Office — which opened a studio in downtown Kansas City in February — announced Monday a rebrand to become Novel Coworking. The revamp more accurately represents the company’s mission to amplify its customers,…
Photos: KC Coworking Day sings virtues of big ideas in startup spaces
KC Coworking Day is a celebration of people whose vision exceeds their circumstances, said Bob Martin. “If you’re an entrepreneur, and you have a vision, I hope your vision is so big that you’re uncomfortable sharing it with everybody — that there’s only a handful of people to whom you’re going to say, ‘This is…
Digital Sandbox startup Fast Democracy building non-partisan social database for tracking legislation
Today’s political climate demands not only a better-informed public, but accurate tools to help voters arm themselves with timely information, said Sara Baker, co-founder of Fast Democracy. The Kansas City-based startup — one of four early-stage businesses recently accepted into Digital Sandbox KC — aims to help people “touch their democracy” through its non-partisan web…
Tech Scouts: Your pitch ideas could help defend the US; Aug. 12 application deadline nears
The U.S. Department of Defense isn’t just bullets and bombs, said Jack Harwell. A five-day October event — “Encountering Innovation,” which is organized by the DoD and the Small Business Development Center’s Kansas office — gives entrepreneurs the opportunity to pitch innovative solutions to a panel of the DoD’s “tech scouts,” said Harwell, advisor at…