Looking for funding? Subscribe to news
Shape

Two’s Company: Tim Critchley and David Sear

A hands-off, respectful investor-investee relationship gives other entrepreneurs the confidence to seek outside funding.

In October 2014, fraud prevention software company Semafone received a £4m investment from BGF.

Semafone provides the fraud prevention software necessary for companies to securely take customer payments over the phone. Its technology masks the tones from a cardholder’s telephone and replaces them with an unrecognisable flat tone.

Semafone’s CEO Tim Critchley realised that after winning a major deal with BT, a big investment of outside capital would really help the company deliver, and so approached BGF.

BGF’s investment excited Tim, as well as the firm’s network of business contacts.

David Sear was already the chairman of Semafone, three years before BGF’s investment, and he continued in the role following the funding, as his relationship with Tim has been key.

Here, in The Telegraph’s Two’s Company series, David and Tim discuss how they valued BGF’s relationship with Semafone’s senior management team and how BGF supported David remaining as the company’s chairman following the investment:

Two’s Company: Tim Critchley and David Sear

Related Articles

May/2019 | London & South East

Why the UK must remain ready for business

The real tragedy of Brexit is that it has monopolised attention and distracted from the health of the UK economy. …

April/2019 | London & South East

BGF invests in BB7 to create UK’s leading independent fire and security consultancy

BGF, the UK and Ireland’s most active investor in growing businesses, has invested £6m in BB7, a niche fire safety …

November/2017 | Tech, Media & Digital

BGF backs Medigold Health

Medigold Health, a leading provider of occupational health and corporate wellbeing services, has received a £9.5m investment from BGF to …