Top SaaS Companies in Canada

List of the largest SaaS companies in Canada (Click to apply)

These are the top SaaS companies in Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Canada by featuring these 213 companies with combined revenues of $2.1B.

Together, Canada SaaS companies employ over 31K employees, have raised $1.0B capital, and serve over 17M customers around the world.

$1M - $5M ARR
  1. Janeapp $4.7M
  2. Knak $3.6M
  3. Sortable $3.0M
$5M - $10M ARR
  1. Nakisa $10.0M
  2. Hubba $10.0M
  3. SodaPDF $10.0M
  4. Doxim $10.0M
  5. Q4 $10.0M
$10M+ ARR
  1. Njoyn $250.0M
  2. Hootsuite $150.0M
  1. 01
    Njoyn

    Njoyn

    An applicant tracking system hosted, developed and supported in Canada. Njoyn is a leading ATS that automates and simplifies your recruitment processes.

    $250.0M

    1K

    2001

    Canada

  2. 02
    Descartes-Systems Group

    Descartes-Systems Group

    The Descartes Systems Group Inc. Descartes is perhaps best known for its abrupt and unexpected turnaround in the mid-2000s after coming close to bankruptcy in the wake of the dot-com bubble collapse.

    $200.0M

    1K

    1981

    Canada

  3. 03
    Hootsuite

    Hootsuite

    Digital Advertising Platforms

    Hootsuite is a social media management platform, created by Ryan Holmes in 2008.

    $150.0M

    $299.0M

    16M

    1K

    2008

    Canada

  4. 04
    Vision-Critical

    Vision-Critical

    Vision Critical provides a cloud-based customer intelligence platform that allows companies to build engaged, secure communities of customers.

    $100.0M

    519

    2000

    Canada

  5. 05
    PointClickCare

    PointClickCare

    PointClickCare helps LTPAC providers gain the confidence they need to navigate the new realities of value-based healthcare.

    $100.0M

    1K

    2000

    Canada

  6. 06
    Coveo

    Coveo

    Analytics Software

    com, Sitecore, Google Apps for Work, Atlassian, JIRA, Office 365, YouTube, Lithium, Jive, Dropbox, and more.

    $90.0M

    $150.0M

    1K

    563

    2008

    Canada

  7. 07
    Venasolutions

    Venasolutions

    Erp Software

    With powerful and intuitive FP&A software, Vena redefines how companies manage their budgeting, planning and revenue forecasting.

    $60.0M

    $176.0M

    800

    220

    2011

    Canada

  8. 08
    Jobber

    Jobber

    management software to help sole-traders and small home services businesses make appointments and organize their schedules, set up billing and manage their accounts, and market their services online.

    $58.8M

    $68.5M

    100K

    204

    2011

    Canada

  9. 09
    Freshbooks

    Freshbooks

    Erp Software

    The best cloud based small business accounting software. Send invoices, track time, manage receipts, expenses, and accept credit cards. Free 30-day trial.

    $55.0M

    $75.0M

    305K

    429

    2004

    Canada

  10. 10
    Intelex-Technologies

    Intelex-Technologies

    Intelex cloud-based software manages environment, health & safety, quality and suppliers for regulatory compliance, and streamline ISO initiatives

    $50.0M

    452

    1992

    Canada

1-10 of 213

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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.

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