NewVoiceMedia is a leading global provider of cloud technology which helps businesses sell more, serve better and grow faster. BGF invested in the London-headquartered business in 2015 to accelerate its international growth plans in the North American market.
Since BGF’s investment, NewVoiceMedia has since grown rapidly and now serving more than 700 customers across six continents. It was positioned in the Leaders’ quadrant of Gartner Inc’s Magic Quadrant for Contact Centre as a Service, Western Europe, and in 2018 was named by Forbes as one of the world’s top 100 cloud companies.
In 2018, BGF exited its minority stake to NYSE-listed communications provider Vonage Holdings Corp for $350 million.
Business funding insights
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Royston Bayfield, Bayfields Opticians, and Chris Boyes, an investor in BGF’s Yorkshire team, talks about the ins and outs of seeking and securing growth funding.
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We look at the rise of venture capital in the UK, the types of businesses receiving support, and the pros and cons of this method of funding a business.