June 26, 2024
Tevalis are thrilled to share that we have secured an £11.5 million investment from BGF. This marks a significant milestone for our company as we continue to lead the UK leisure and hospitality EPOS market.
Over the last decade, we have stayed resilient and focused on our goals. With the support of our dedicated teams, we are proud to have grown revenues organically to over £8 million in annual sales. Today, we serve more than 800 customers across 2,000 sites, providing best-in-class EPOS, Enterprise and Integration solutions that help leisure and hospitality operators manage, streamline, and deliver their food and beverage operations seamlessly.
“It was important for us to find an investment partner who understood our sector and could take a long-term, patient view. We also wanted an investor who could help us scale and take the business to the next level – in BGF, we have that and we are looking forward to leveraging their network over the coming months and years to support our growth.” – James Cook | Tevalis Founder & CEO
This investment from BGF is not just about capital; it’s about the strategic partnership that will help us scale our business to new heights. With their support, we aim to treble our recurring revenues over the next five years. This ambitious goal will be driven by increased investment in sales and marketing, product development, support services, and exploring opportunities for international expansion.
“We’re excited to be investing in a high-quality technology business of scale, with an ambitious growth plan. Operating in a fragmented market, James and the team have done an impressive job in establishing the Tevalis brand, with clear opportunities to increase market share, both at home and abroad. We look forward to building on the excellent relationship we’ve built with James through the deal process.” – Rob Johnson | Investor at BGF
At Tevalis, we are passionate about innovation and customer-centric solutions. This investment is a testament to our team’s hard work and dedication. We look forward to leveraging BGF’s network and expertise as we continue to grow and deliver exceptional value to our customers.
Here’s to an exciting future for Tevalis!
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