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- Simpro
Simpro Funding, Investors & Competitors
Simpro has raised $397M across 3 funding rounds, most recently a $350M undisclosed-stage round in November 2021.
Last Simpro funding round
$350M
Undisclosed stage · Nov 2021
Cumulative funding Simpro raised
$397M
across 3 funding rounds
Key investors in Simpro
Level Equity Management
K1 Investment Management
About Simpro
Simpro Group is a Brisbane-headquartered developer of job management software for field service trades including plumbing, HVAC, electrical, and construction. The suite covers quoting, scheduling, invoicing, asset tracking, and compliance reporting, serving over 5,000 businesses in Australia, New Zealand, the UK, and the US.
Founded
2002
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Simpro Funding History
Simpro has raised a total of $397M across 3 funding rounds.
Simpro's first fundraising round was a $30M Series A in October 2016. The most recent completed round was a $350M undisclosed-stage round in November 2021.
Simpro funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2021 | Undisclosed stage | K1 Investment Management (lead); Level Equity Management | $350M | Simpro, a Brisbane-based global leader in field service management software, secured a growth investment of over $350 million USD from K1 Investment Management on November 23-24, 2021, with participation from existing investor Level Equity. The funding supports acceleration of product investment, global operations scaling, and recent acquisitions of ClockShark (US-based time-sheeting and scheduling platform) and AroFlo (Australia-based job management software). Together, these platforms address the full lifecycle needs of field service organizations, from sole operators to complex franchises in trade and construction industries. Simpro's cloud-based end-to-end solution streamlines field workflows to maximize workforces, enable growth, and boost profits for customers worldwide. The combined entity post-acquisition serves over 17,000 businesses and 320,000 users, with more than 500 staff across offices in Australia, New Zealand, the UK, and the US, anticipating further geographic expansion. Leadership teams of Simpro, ClockShark, and AroFlo continue operating independently while maintaining existing products. K1 Investment Management, a global firm building enterprise software leaders, partnered with CEO Sean Diljore's team to capitalize on Simpro's growth momentum and category leadership. The investment positions Simpro to enhance its feature suite for broader field service support. One source described it as Australia's largest venture round at the time, emphasizing its scale in the local startup ecosystem. |
| Dec 2019 | Undisclosed stage | - | $16M | Simpro is a cloud-based field service management software provider founded in 2002, offering features for quoting, job costing, scheduling, materials management, and invoicing. It serves field service businesses globally, with over 250,000 users across offices in the U.S., Australia, and the UK, and is part of Simpro Group including BigChange, AroFlo, and ClockShark. In December 2021, Simpro secured over $350 million in growth investment led by K1 Investment Management, with participation from Level Equity. The funding supported acquisitions of ClockShark (US-based time-sheeting platform) and AroFlo (Australia-based job management software), alongside product development and global expansion. |
| Oct 2016 | Series A | Level Equity Management (lead) | $30M | Simpro is an Australia-based provider of cloud-based job management and field service software for the specialty contracting industry, targeting trade and construction businesses globally. Level Equity invested in Simpro in September or October 2016 as part of its growth investments from Level Equity Growth Partners III, with the round size reported as $31 million in one source and approximately $40 million in another. This was a growth equity investment supporting Simpro's expansion in software and data services. The 2016 investment preceded further developments, including a partial exit by Level Equity in January 2021. In November 2021, Simpro raised over $350 million (or up to $497 million per one report) from K1 Investment Management with participation from Level Equity, marking one of Australia's largest venture rounds at the time, alongside acquisitions of ClockShark and AroFlo to accelerate global expansion and product development. By then, the combined platforms served over 17,000 businesses and 320,000 users across Australia, New Zealand, UK, and US. Simpro's traction is evidenced by its repeated funding success and acquisitions, positioning it as a leader in field service management software. |
Who has invested in Simpro?
2 investors have backed Simpro across its funding rounds, including Level Equity Management and K1 Investment Management.
Lead investors include K1 Investment Management and Level Equity Management.
Simpro Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Simpro investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Simpro
Simpro has acquired 4 companies to date.
Last acquisition by Simpro was on January 26th 2026. Simpro acquired Delight for undisclosed valuation.
Latest Acquisitions by Simpro
| Description | Delight is a San Francisco-headquartered dating app launched in 2022 that matches users for exclusive one-on-one connections. The platform emphasizes meaningful relationships by limiting simultaneous matches, incorporating video profiles and personality quizzes to foster compatibility among young professionals. | BigChange is a UK platform unifying job management for field service firms, incorporating CRM, scheduling, live GPS tracking, resource allocation, financial tools, and business intelligence. It replaces paper processes and disparate systems for operations across sectors with workforces from 10 to over 100. | ClockShark is a time-tracking and scheduling software provider for construction, field service, and franchise operations. Serving over 8,000 customers, it replaces paper timesheets with GPS-enabled mobile tracking, payroll processing, and job cost analytics. Designed for dispersed teams, ClockShark delivers accurate labor insights from its cloud platform. | AroFlo is a Brisbane-headquartered cloud platform for job management in field services, automating quoting, scheduling, dispatching, time tracking, and invoicing for trades like plumbing, electrical, and maintenance across Australia, New Zealand, and international markets. |
| HQ Country | ||||
| HQ City | San Francisco, CA | Leeds | Chico, CA | Ringwood |
| Deal Date | 26 Jan 2026 | 25 Oct 2024 | 23 Nov 2021 | 23 Nov 2021 |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed |
| EV/Revenue | ||||
| EV/EBITDA | ||||
This data is available for Pro users. Sign up to see all Simpro acquisitions and their M&A valuation multiples. Start Free Trial | ||||
Simpro Competitors
Simpro competitors include listed companies like Constellation Software and SS&C Technologies, and private ones like ZenBusiness, Andpad, PermitFlow and Rippling.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $80M | - | $1.7B | 21.3x | ||
| Private | - | - | $537M | - | ||
| Private | - | - | $500M | - | ||
| Publicly listed | $12B | $2.5B | $43B | 3.5x | ||
| Publicly listed | $6.3B | $2.1B | $19B | 3.9x | ||
| Private | $570M | - | $17B | 29.5x |
Simpro Public Comps
Simpro is still privately-owned, but its public comps include Constellation Software, SS&C Technologies, Aramark, Madison Air, Rentokil Initial, Sodexo, ISS World, Elis, Topicus and Brookfield Business Corp.
| 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 | |||
| $19B | $1.2B | 1.1x | 1.0x | 16.8x | 13.4x | |||
| $3.5B | $697M | 4.2x | 3.9x | 21.1x | 14.6x | |||
| $6.9B | $1.2B | 2.1x | 2.1x | 12.6x | 9.7x | |||
| $28B | $1.7B | 0.5x | 0.5x | 8.4x | 9.7x | |||
| $13B | $837M | 0.7x | 0.7x | 11.1x | 9.7x | |||
| $5.5B | $1.9B | 1.9x | 1.9x | 5.6x | 5.3x | |||
This data is available for Pro users. Sign up to see all Simpro competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Simpro
| When was Simpro founded? | Simpro was founded in 2002. |
| Where is Simpro headquartered? | Simpro is headquartered in Brisbane, Australia. |
| Is Simpro publicly listed? | No, Simpro is a private, VC-backed company. |
| How much funding has Simpro raised? | Simpro has raised $397M across 3 funding rounds. |
| What was Simpro's last funding round? | Simpro's last funding round was a $350M undisclosed-stage round in November 2021, led by K1 Investment Management. |
| Who are Simpro's investors? | Simpro's investors include Level Equity Management and K1 Investment Management. |
| Which companies are comparable to Simpro? | Companies comparable to Simpro include ZenBusiness, Andpad, PermitFlow, Constellation Software, SS&C Technologies and Rippling. |
| How many companies has Simpro acquired? | Simpro has acquired 4 companies, including Delight, BigChange, ClockShark and AroFlo. |
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