Tevalis, a leading UK provider of electronic point of sale (EPOS) solutions for the leisure and hospitality industry, has secured a £11.5 million investment from Business Growth Fund (BGF). Founded in 2005 by CEO James Cook, Tevalis serves more than 800 customers across 2,000 sites and has annual sales exceeding £8 million. The investment aims to help Tevalis treble its recurring revenues over the next three to five years by bolstering sales and marketing efforts, enhancing products, and exploring international expansion opportunities. As part of the agreement, Rob Caul has been appointed as non-executive chair to support Tevalis’ growth, leveraging the BGF Talent Network. The deal was led by Rob Johnson and James Baker from BGF’s Yorkshire and North East team, who expressed excitement about Tevalis’ ambitious growth plans in a fragmented market.

Software, Private Equity, Leisure and Hospitality,United Kingdom, International

BGF invests £11.5 million in Tevalis