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
designWerx makes room for growing makers in North Kansas City
A home garage workspace can be a lonely, stifling place for a maker trying to grow his or her business, said Pam Newton, who is leading the artistic vision for designWerx, a new coworking space and incubator specifically for makers in North Kansas City. “You’re alone constantly. Sometimes it’s hard to get motivated,” she said.…
KCultivator Q&A: Tyler Enders talks his biggest failure, the ‘Made In’ concept and Obama
Seated amid vintage mosaic tile and striking black-and-white portraits by Kansas City photographer Cameron Gee, founder Tyler Enders seems at home within the walls of the Made in KC Cafe. He’s an art lover with a finance degree — not to mention one of the minds behind Made in KC, a retail showcase for local…
Kimberly Gandy: Proof a startup can emerge stronger from its founder’s cancer diagnosis
Cancer needn’t mean can’t, Kimberly Gandy said. When the Play-It Health founder and CEO was diagnosed with an aggressive, mid-stage cancer in May 2016, her startup found itself at a crossroads. Gandy had just joined the Kansas City-based Pipeline fellowship and her company was poised for growth through its web- and mobile-based health regimen tracking…
Code Ninjas uses karate format to punch into KC youth STEM scene
Students often want more than their schools can offer, said Jason Hansen, of Code Ninjas. For some, that’s competitive sports teams or specialty athletics, he said. Others yearn for greater STEM-based learning opportunities — like those offered at Hansen’s Leawood center. “It’s just like you might have a dance studio, or a baseball academy,” Hansen…