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
Vote now: KCMO competing for spot in accelerator focusing on gender, racial inclusion
KCMO already is a five-star city, Mayor Sly James says, but a new accelerator program could make it even better. “Kansas City’s startup community is growing and innovating, but women and people of color are being left behind,” James says in a pitch video for Living Cities City Accelerator program. A coalition of local organizations,…
Go print yourself! Overland Park doob shop turns selfie concept into 3D replicas
A new shop in Overland Park is supplanting the selfie with the mini me. After first opening shops in Los Angeles and New York City, the Germany-based 3D printing firm doob has arrived in the Kansas City area to 3D print people, groups and pets. The technology, process and results capture moments in time customers…
KCultivator Q&A: Reggie Gray finds magic in connecting entrepreneurs with Black Privilege, no excuses
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. He’s left his “Magic Man” persona behind, but Reggie Gray can’t quite shake the performer inside him, he said. “Whenever I…
KCSF pivoting away from Village Square coworking, eyes bigger community impact
Village Square developed a waiting list soon after opening in 2015, said Adam Arredondo. But as larger coworking spaces with more amenities and resources debuted, interest waned in the 3,000-square-foot operation at 45th Street and State Line Road. “What’s our most valuable contribution to the community right now?” said Arredondo, CEO of the nonprofit Kansas…