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Top SaaS Companies in Australia
List of the largest SaaS companies in Australia (Click to apply)
These are the top SaaS companies in Australia. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Australia by featuring these 20 companies with combined revenues of $486.4M.
Together, Australia SaaS companies employ over 3K employees, have raised $63.7M capital, and serve over 2M customers around the world.
- Tiltsta $600.0K
- Istaysafecorp $240.0K
- Numberz $222.0K
- Todo $162.0K
- Functionally $84.0K
- Omnystudio $4.1M
- Simblegroup $2.9M
- Switchautomation $2.4M
- Coredna $2.4M
- Spiffy $2.0M
- Ivvy $10.0M
- Executestrategy $5.4M
- Xero $450.0M
- 06
$2.4M
$6.0M
20
45
2012
Australia
- 07
$2.4M
—
25
40
2016
Australia
- 09
$1.8M
$4.0M
300
16
2012
Australia
- 10
$1.5M
$2.5M
250
10
2013
Australia
1-10 of 20
The Latka Grid
Bootstrapped, Funded SaaS
55 bootstrapped companies made the 2019 list compared to 102 funded companies that have raised $2.8 billion in total.
These bootstrapped founders should be very proud. They found creative ways to drive growth without having to sell big chunks of their company for equity.
53 of these bootstrapped CEO’s are not located in San Francisco or New York.
All except 6 of the 55 are profitable as of December 2019.
Is Churn Important for Growth?
90 of these companies have net revenue retention greater than 100%. This means their upsell and expansion revenue from historical customers more than makes up for any lost revenue from those same customers.
34 of these companies have net revenue retention between 80-99%.
The companies with net revenue retention under 80% annually share a common theme in that only 2 out of the 29 companies have any expansion revenue at all.
Many of these companies simply haven’t added a second product to upsell, or don’t rely on utility based upselling. Expect their growth to expand in 2020 as many of them have expansion revenue in their strategic plans.