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BigChange

How a telematics founder bundled to $38M ARR
👤 Martin Port (Built and sold Masternaut, an early UK vehicle-tracking SaaS (2009), then wired that telematics edge into BigChange job software.)🌐 sitemartinport.com

A fleet-telematics founder rebuilt his trick as trade software: track the van, schedule the job, send the invoice.

Will it work? · our read
Sticky by design. Field-service firms rarely replace the tool that runs every van and invoice. Port fused telematics into job scheduling, passed $38M recurring, and sold to Simpro in 2024.
01How the money moves
Trade or fleet firm subscribes per user and vehicle
Schedules jobs, tracks vans, invoices in one app
Recurring seats compound to £30M+/yr
02The numbers
£30M+ ($38M)/yrStatedrecurring revenue (2023)
Dec 2023source: £30M+/yr recurring, about $38M (BigChange, 2023)
2,400+
field-service firms
140%
3-yr rev growth
£100M+ ($127M)
contracted book
Figures are BigChange's own (Dec 2023 blog); bar reach below is our read. BigChange blog
$38M+ recurring, up 140% in 3 years (2023)
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SourcesSources last checked 17 August 2026
Revenue is STATED, not filed: BigChange's own Dec 14, 2023 blog says 'recurring revenues at BigChange now stand at more than £30m a year,' with 140% three-year growth and a £100m+ contracted order book across 2,400+ organisations (bigchange.com, page opened and matched). Converted at about 1.27 that is roughly $38M; this is recurring/ARR-style revenue, first-party and unaudited, so verified true but not FILED. Great Hill Partners invested £75M (about $95M) in 2021 at a £100M valuation (UKTN); Simpro Group acquired BigChange on Oct 25, 2024, with founder Martin Port staying a shareholder (Wikipedia). Masternaut facts—an early UK web vehicle-tracking SaaS, majority sold to Hub Telecom in 2009—are from Wikipedia. Rival bar weights are our read of rough reach/mindshare, not revenue. We never score you.