"We are beyond excited to partner with Five Elms and Level Equity." Sedgley added. "Their growth investment will act as a catalyst for our mission to empower organizations to thrive through refreshing technology and a heart for service. At a time when many of our competitors are choosing to be consolidated, MemberClicks will continue to invest deeply in our product and service set with a sole focus on our current and future association customers. We aspire for MemberClicks to be the destination platform of choice for the association community to more efficiently and profitably run their unique and complex businesses."
"We proactively targeted and mapped the association management space and were able to engage with Mark, his team and many of his partners and customers over a long period of time." said Fred Coulson, Founder and Managing Partner at Five Elms Capital. "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. This investment comes at a time when MemberClicks has all the pieces in place to step on the gas and meaningfully scale their business."
"We engage with thousands of bootstrapped software businesses every year," said Ben Levin, Founder and Partner at Level Equity, "and saw a compelling opportunity to support Mark and his team as they continued to distance themselves from many of the legacy providers and roll-ups in the association management space."
MemberClicks provides an all-in-one membership management solution and a refreshing support experience that small-staff associations love. Founded in 1998, MemberClicks works with more than 1,600 organizations throughout North America. For more information, visit www.memberclicks.com.
About Five Elms Capital
Five Elms Capital is a leading growth equity firm that invests in fast-growing companies outside of Silicon Valley. Five Elms partners with growing, founder-owned software and services businesses, providing capital and resources to help companies accelerate growth and further cement their role as industry leaders. For more information, visit www.fiveelms.com.
About Level Equity
Based in New York, NY, Level Equity is a growth equity firm managing over $850 million focused exclusively on providing growth capital to rapidly growing software and internet companies. For more information, visit www.levelequity.com.
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