Octopus invests in Semafone

Call centre software specialist Semafone has received backing of £1.9 million from Octopus Ventures, investing from its Titan VCTs.

Call centre software specialist Semafone has received backing of £1.9 million from Octopus Ventures, investing from its Titan VCTs.

Funds were also provided from the Eureka EIS portfolio service and the partners of Octopus Ventures.

Semafone will use the funds to ‘accelerate [its] growth in the UK and abroad through investment in sales and marketing’, according to Octopus.

The company’s software allows customers to input credit card details, such as the card number and the three-digit security code, using the phone keypad.

Founded last year, London-based Semafone has clients including the John Lewis Partnership, Argos and Specsavers.

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary... More by Nick Britton