BigChange launches fundraising campaign

BigChange launches fundraising campaign

Serial Yorkshire entrepreneur Martin Port has launched a second round of fundraising for his Leeds-based technology business BigChange.

BigChange helps companies plan, manage, schedule and track mobile workforces and transport operations.

The tech business’ JobWatch app-based system replaces paperwork and keeps offices seamlessly in sync with staff on the road.

BigChange, which developed the technology and owns the intellectual property, achieved sales of £2m last year and is on course for £4m in 2016. It is expected to break even later this year.

The company has built a base of more than 300 customers, including brands such as HSS, Baxi Commercial, Ringway Jacobs (Transport for London), Serco and Morrison Utility Services.

Port said the company is developing a “disruptive” new technology for the fleet insurance market to increase health and safety for drivers. He said he wants British businesses to be as well run as possible.

He added: “Some people could say we are the Uber of the service and transport sectors.”

The fundraising will allow BigChange to invest its technology and increase sales and marketing which Port believes will lead to earnings of up to £4m and turnover of £20m by 2020.

The company was launched in January 2014 after Port raised £1.1m in seed capital.