The round was led private equity firm Wavecrest Growth Partners, with participation from MassMutual Ventures and Migration Capital. BigTime said the funds will be used to add depth to its senior management team, accelerate growth in sales and marketing, and fast track additional product development hires.
The company’s BigTime IQ offers time and expense tracking, project management, resource allocation, billing and invoicing, and reporting and has a companion mobile app. Integrations include Salesforce, QuickBooks desktop and Online, and Lacerte.
In 2011, BigTime’s technology was licensed for use in what became Intuit Practice Management. After Intuit brought its product to market two years after original plans, it sunsetted its entry in 2014.