Top SaaS Companies in Melbourne
List of the largest SaaS companies in Melbourne, Australia (Click to apply)
These are the top SaaS companies in Melbourne, Australia. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Melbourne by featuring these 5 companies with combined revenues of $97.0M.
Together, Melbourne SaaS companies employ over 701 employees, have raised $2.3M capital, and serve over 750 customers around the world.
- Wisenet $1.0M
- Whispir $1.0M
- Fueled on Bacon $90.9K
- FinanceandCoffee $36.0K
- Omnystudio $4.1M
- I Want That Flight $1.3M
- PageUp $50.0M
- Culture Amp $39.5M
- 01
PageUp
HR Software
We are a global talent management software provider, helping organisations strategically align their talent resources across borders, business units, cultures and languages. Our award-winning SaaS platform unifies Recruitment, Learning and Developme...
$50M
—
—
51
1997
Melbourne
- 02
Culture Amp
Talent Management Software
Culture Amp was founded as a result of its members' first hand experiences with the challenge that fast growing organizations face when their core business expands faster than its people can adapt. With years of experience in enterprise organizations, Cult
$40M
$157M
—
454
2011
Melbourne
- 03
Omnystudio
Authoring and Publishing Software
The complete audio management solution for podcast and radio stations
$4M
$2M
750
5
2011
Melbourne
- 05
Wisenet
Information Technology Software
Wisenet offers a student management system that suits all training applications and registered training organisations. Let's help your private education institution.
$1M
—
—
11
1997
Melbourne
- 06
Whispir
Communication Software
Bring together your SMS, voice messaging, email, social and more to communicate with your audiences from a single platform. Try Whispir for free for 14 days!
$1M
$69M
—
155
2002
Melbourne
- 07
$91K
—
—
10
2016
Melbourne
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What are the fastest growing companies doing?
83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.
Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.
If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.
Which CEO’s are the most efficient capital allocators?
We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?
Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).
Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).
The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.