Semafone Limited has raised US$8 million by way of private equity fundraising
September 2014 — Semafone Limited, a leading provider of secure payment software used by organizations taking payments over the phone, has completed a US$8 million growth capital fundraising. Business Growth Fund (BGF) invested approximately US$6.5 million with a further US$1.5 million from Octopus Investments and other existing shareholders.
Semafone is a leading provider of secure payment software used by organizations taking payments over the phone. Semafone’s payment method is patented in the UK and USA and allows call center operators and other businesses taking payments by phone to prevent fraud, improve customer service and to reduce Payment Card Industry Data Security Standard (PCI DSS) compliance costs by up to 80 per cent.
The transaction enables Semafone, led by CEO Tim Critchley, to support delivery of recent large contract wins and expansion in overseas markets, particularly through growing its presence in the North American market.
The company has a global collaboration with BT on the BT Secure Contact solution and is looking to accelerate development and take advantage of the substantial opportunities that exist for the Semafone payment platform globally.
Our role in the transaction
Oaklins Smith & Williamson, based in the UK, acted as lead advisor in this transaction introducing BGF as new equity investor, and worked alongside the company and existing institutional investor, Octopus, to complete this investment.
Talk to the deal team
Related deals
Dan Group Alarm Syd has been sold to Varna Security
Dan Group Alarm Syd, a leading provider of subscription-based security solutions, has been acquired by Varna Security, a newly formed security platform backed by Triton Partners. Through the transaction, Dan Group Alarm Syd enters into a new partnership with Triton Partners, positioning the company for its next phase of growth. As part of Varna Security, Dan Group Alarm Syd will continue to operate independently, retaining its entrepreneurial culture and close customer relationships, while gaining access to capital, resources and strategic support to accelerate expansion.
Learn moreLivlande Agro has been acquired by Merito Partners
Merito Partners has acquired a controlling stake in Gaižēni SIA, one of Latvia’s leading pig farming companies operating under the Līvlande Agro brand, from NCH Capital and other shareholders. The company’s founder and management team will remain actively involved in the business, supporting its continued growth and development.
Learn moreCensus Group has acquired Lecklé Oy
Backed by Swedish Aspira Partners, Census Group has acquired SYS Audit Oy, Lecklé Oy, Tiliextra Oy, Tase-Koivu Oy Tilintarkastusyhteisö, HJL Audit Oy and Auditus Tilintarkastus Oy. These transactions mark the creation of new platform in the Finnish audit and advisory services market. The newly formed group is jointly owned by Aspira Partners, entrepreneurs and key employees united by a shared vision and strong commitment to serving small and medium-sized enterprises (SMEs).
Learn more