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- BigTime Software
BigTime Software Funding, Investors & Competitors
BigTime Software has raised $114M across 2 funding rounds, most recently a $100M undisclosed-stage round in January 2022.
Last BigTime Software funding round
$100M
Undisclosed stage · Jan 2022
Cumulative funding BigTime Software raised
$114M
across 2 funding rounds
Key investors in BigTime Software
Vista Equity Partners
MassMutual Ventures
Wavecrest Growth Partners
Migration Capital
About BigTime Software
BigTime Software is a San Jose-headquartered developer of cloud-based professional services automation software. Launched in 2002, its platform tracks time, manages projects, handles billing, and generates reports for architecture, engineering, IT consulting, and law firms. Trusted by 2,500+ firms including SHI International, it integrates with QuickBooks, Salesforce, and NetSuite, processing $15 billion in billable time annually.
Founded
2002
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
BigTime Software Funding History
BigTime Software has raised a total of $114M across 2 funding rounds.
BigTime Software's first fundraising round was a $14M Series B in May 2019. The most recent completed round was a $100M undisclosed-stage round in January 2022.
BigTime Software funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2022 | Undisclosed stage | Vista Equity Partners (lead) | $100M | BigTime Software is a premier provider of cloud-based professional services automation (PSA) software, offering time tracking, billing, project management, and resource allocation tools tailored for professional services firms, particularly in the mid-sized enterprise (MSE) market. The platform helps over 2,300 customers eliminate spreadsheets, capture billable hours, manage project resources, and consolidate key metrics to support business growth. On January 20, 2022, BigTime received a $100 million strategic growth investment from Vista Equity Partners' Endeavor Fund, marking Vista's entry into the PSA space. Existing investor Wavecrest Growth Partners, which led a $14 million Series B in May 2019, retained a stake alongside founder and CEO Brian Saunders and other stakeholders. The press release notes BigTime had achieved at least $10 million in recurring revenue, qualifying it for the fund targeting high-growth enterprise software companies. The investment aims to accelerate product innovation, expand customer-facing teams, and enhance offerings including new product features, consulting, and training. CEO Brian Saunders highlighted Vista's expertise in enterprise software to build the fastest-growing and highest-value PSA brand. This round represents a significant uplift from the prior Series B, signaling BigTime's market success amid PSA sector consolidation. Post-investment, BigTime pursued growth initiatives, such as acquiring Primetric, a resource management provider, as noted in Vista's 2023 updates. Vista Equity Partners, managing over $86 billion in assets as of September 2021, focuses exclusively on enterprise software, leveraging its Endeavor Fund for growth-stage investments in companies with proven recurring revenue. |
| May 2019 | Series B | Wavecrest Growth Partners (lead); Migration Capital; MassMutual Ventures | $14M | BigTime Software closed a $14 million growth equity investment on May 30, 2019, led by Wavecrest Growth Partners, with participation from MassMutual Ventures and Migration Capital. The funding supported rapid growth, including hiring approximately 75 new employees at its Chicago headquarters and new product development. The company provides professional services automation (PSA) software for professional services firms. This Series B round followed strong performance, with record-setting revenues in 2018 driving Inc. 5000 recognition based on percentage revenue growth from 2015 to 2018. BigTime tracked significant billable time for clients and expanded its cloud-based offerings amid rising demand from small and mid-sized businesses. Wavecrest Growth Partners retained a stake in subsequent investments, including a $100 million strategic growth round from Vista Equity Partners in January 2022. BigTime later acquired Projector PSA to strengthen its mid-market position. |
Who has invested in BigTime Software?
4 investors have backed BigTime Software across its funding rounds, including Vista Equity Partners, MassMutual Ventures, Wavecrest Growth Partners and Migration Capital.
Lead investors include Vista Equity Partners and Wavecrest Growth Partners.
BigTime Software Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Jan 2022 | ||
| 1 | Participant | May 2019 | ||
This data is available for Pro users. Sign up to see all 4 BigTime Software investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by BigTime Software
BigTime Software has acquired 3 companies to date.
Last acquisition by BigTime Software was on November 7th 2024. BigTime Software acquired WorkRails for undisclosed valuation.
Latest Acquisitions by BigTime Software
| Description | WorkRails is a configure-price-quote platform for professional services headquartered in Austin, Texas. It standardizes quoting for consulting, IT services, and implementation projects, integrating with CRM and ERP systems to automate approvals and eliminate sales errors for mid-market teams. | Primetric is a software platform for IT services and software development firms, featuring resource planning, project management, forecasting, and profitability tracking. The tool integrates time tracking, budgeting, and financial reporting into a centralized dashboard. Primetric supports agencies of varying sizes with real-time business health monitoring and optimization insights. | Projector PSA delivers a hosted professional services automation suite for organizations with billable services. Features encompass time and expense tracking, resource scheduling, project management, invoicing, and customizable reporting. Built on an open architecture, it integrates with Salesforce, QuickBooks, and Great Plains via web services for streamlined operations. |
| HQ Country | |||
| HQ City | New York City, NY | Wroclaw | Boston, MA |
| Deal Date | 7 Nov 2024 | 3 Aug 2023 | 12 Jul 2022 |
| Valuation | undisclosed | undisclosed | $16M |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all BigTime Software acquisitions and their M&A valuation multiples. Start Free Trial | |||
BigTime Software Competitors
BigTime Software competitors include listed companies like Constellation Software, SS&C Technologies and Topicus, and private ones like Rippling, The Deployment Company and Clio.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $12B | $2.5B | $43B | 3.5x | ||
| Publicly listed | $6.3B | $2.1B | $19B | 3.9x | ||
| Private | $570M | - | $17B | 29.5x | ||
| Private | - | - | $14B | - | ||
| Publicly listed | $1.8B | $393M | $5.4B | 3.0x | ||
| Private | $400M | - | $5B | 12.5x |
BigTime Software Public Comps
BigTime Software is still privately-owned, but its public comps include Constellation Software, SS&C Technologies, Topicus, Intapp, RWS Holdings, CS Disco, Hibino, Xp Industrial FII, GetBusy and Valtes Holdings.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $12B | $2.5B | 4.0x | 3.5x | 18.5x | 12.9x | |||
| $6.3B | $2.1B | 4.2x | 3.9x | 12.4x | 10.0x | |||
| $1.8B | $393M | 3.4x | 3.0x | 15.3x | 10.6x | |||
| $578M | ($16M) | 4.6x | 4.5x | (164.3x) | 20.9x | |||
| $927M | ($26M) | 0.7x | 0.7x | (27.2x) | 4.8x | |||
| $157M | ($44M) | 1.1x | 1.0x | (4.0x) | (22.1x) | |||
| $435M | $60M | 0.6x | 0.6x | 4.3x | - | |||
| $9M | - | 10.0x | - | - | - | |||
This data is available for Pro users. Sign up to see all BigTime Software competitors and their valuation data. Start Free Trial | ||||||||
Common questions about BigTime Software
| When was BigTime Software founded? | BigTime Software was founded in 2002. |
| Where is BigTime Software headquartered? | BigTime Software is headquartered in Chicago, IL, United States. |
| Is BigTime Software publicly listed? | No, BigTime Software is a private, VC-backed company. |
| How much funding has BigTime Software raised? | BigTime Software has raised $114M across 2 funding rounds. |
| What was BigTime Software's last funding round? | BigTime Software's last funding round was a $100M undisclosed-stage round in January 2022, led by Vista Equity Partners. |
| Who are BigTime Software's investors? | BigTime Software's investors include Vista Equity Partners, Migration Capital, MassMutual Ventures and Wavecrest Growth Partners. |
| Which companies are comparable to BigTime Software? | Companies comparable to BigTime Software include Constellation Software, SS&C Technologies, Rippling, The Deployment Company, Topicus and Clio. |
| How many companies has BigTime Software acquired? | BigTime Software has acquired 3 companies, including WorkRails, Primetric and Projector PSA. |
| What was the largest acquisition by BigTime Software? | The $16M acquisition of Projector PSA in July 2022 is the largest acquisition BigTime Software has made to date. |
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