Leeds, UK-based BigChange, a company that develops mobile workforce management software for the service and transport sectors, has raised over £75M (approx €85.7M) at a valuation of £100M (approx €114.2M) from Great Hill Partners. According to the company, the management team, led by founder and CEO Martin Port, will retain a significant minority stake in the company.
Use of the funds
A large amount of this investment will be put towards innovation and product development. This is because the company looks to expand into new territories, and drive additional growth within the UK to maintain its position across large, valuable markets such as the US, continental Europe, and Asia.