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List of the largest SaaS companies in Pyrmont, Australia

Top SaaS Companies in Pyrmont

These are the top SaaS companies in Pyrmont, Australia. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Pyrmont by featuring these 4 companies with combined revenues of $8.8M.

Together, Pyrmont SaaS companies employ over 119 employees, have raised $15.3M capital, and serve over 0 customers around the world.

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Highlights

Top SaaS Companies with $1 - $5M ARR


Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


02
QCTRL
Q-CTRL

Information Technology Software

Provider of a quantum computing software intended to perform quantum calculations to identify the potential for errors. The company's software uses quantum sensors to visualize noise and decoherence, and then deploys controls to defeat the errors, enabling clients to measure and analyze the performance of their quantum system and exploit this information to robust single and multiqubit gates.

$3M
$15M
-
42
2017
Australia
03
I
Instarent

Real Estate Software

Developer of property management platform designed to empower landlords and tenants to manage no-agent properties. The company's cloud-based platform assists landlords to rent out their properties without management fees and tenants to search for properties rented by owner only as well as help with advertising, tenancy applications and property administrations, enabling clients to easily search and locate properties sat low cost.

$1M
$258K
-
15
2017
Australia
04
C
Chur

3D Technology

CHUR provides WiFi access points and iOT to SME and corporate clients with our cost-effective​ plug and plays model. We also provide consumer customers with an application to connect to freemium and premium unlimited, naked and everywhere WiFi access to over 60 million hotspots and 300+ million access points. Seemlessly through the Chur connect app.

$868K
-
-
18
2017
Australia
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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.