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 554 companies with combined revenues of $3.5B.

Together, Canada SaaS companies employ over 43K employees, have raised $1.0B capital, and serve over 18M customers around the world.

$0 - $1M ARR
  1. Momentuum $1.0M
  2. Leankor $1.0M
  3. Benbria $1.0M
$1M - $5M ARR
  1. Lumen5 $4.8M
  2. Hubba $4.6M
$5M - $10M ARR
  1. Introhive $10.0M
  2. HighRoads $9.9M
  3. Nureva $9.8M
  4. Upchain $9.8M
  5. jane.app $9.7M
$10M+ ARR
  1. Njoyn $250.0M
  2. Hootsuite $150.0M
  3. Moj $102.0M
  1. 01
    Njoyn

    Njoyn

    Talent Management Software

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

    $250M

    1K

    2001

    Canada

  2. 02
    Descartes-Systems Group

    Descartes-Systems Group

    Distribution Software

    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.

    $200M

    1K

    1981

    Canada

  3. 03
    Hootsuite

    Hootsuite

    Digital Advertising Platforms

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

    $150M

    $299M

    16M

    1K

    2008

    Canada

  4. 04
    Moj

    Moj

    Iot Software

    Give Every Vehicle A Voice

    $102M

    $57M

    850K

    99

    2012

    Canada

  5. 05
    Lightspeed-HQ

    Lightspeed-HQ

    E-Commerce Software

    Lightspeed is a point-of-sale and e-commerce software provider based in Montreal, Quebec.

    $100M

    $2M

    251

    2005

    Canada

  6. 06
    Vision-Critical

    Vision-Critical

    Analytics Software

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

    $100M

    $39M

    519

    2000

    Canada

  7. 07
    PointClickCare

    PointClickCare

    Healthcare Software

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

    $100M

    $235M

    1K

    2000

    Canada

  8. 08
    Coveo

    Coveo

    Analytics Software

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

    $90M

    $150M

    1K

    563

    2008

    Canada

  9. 09
    Global Relay

    Global Relay

    Information Technology & Services

    Provider of cloud computing services intended to address the growing need for corporate email management. The company's service includes message archiving, supervision, eDiscovery, case management, audit, mailbox management, search analytics, operational a

    $64M

    766

    1999

    Canada

  10. 10
    Venasolutions

    Venasolutions

    Erp Software

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

    $60M

    $176M

    800

    220

    2011

    Canada

1-10 of 554

Next

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.