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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 8 October 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.