BigTime Software, a Chicago, IL-based provider of cloud-based software for professional services firms, raised $14m in growth funding.
The round was led by Wavecrest Growth Partners, with participation from MassMutual Ventures and Migration Capital.
The company intends to use the funds to:
– add to its senior management team,
– accelerate growth in sales and marketing, and
– fast track additional product development hires within its Chicago team.
Started in 2002 and bootstrapped by University of Chicago graduate Brian Saunders, BigTime Software provides more than 2,000 professional services firms with a SaaS practice management solution for budgeting, tracking, managing and invoicing within project-based firms.
Its industry-specific solutions are designed to serve consultants of all types, from engineering and architecture to IT services.