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.
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.
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.
Digital Advertising Platforms
Hootsuite is a social media management platform, created by Ryan Holmes in 2008.
Give Every Vehicle A Voice
Lightspeed is a point-of-sale and e-commerce software provider based in Montreal, Quebec.
Vision Critical provides a cloud-based customer intelligence platform that allows companies to build engaged, secure communities of customers.
PointClickCare helps LTPAC providers gain the confidence they need to navigate the new realities of value-based healthcare.
com, Sitecore, Google Apps for Work, Atlassian, JIRA, Office 365, YouTube, Lithium, Jive, Dropbox, and more.
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
With powerful and intuitive FP&A software, Vena redefines how companies manage their budgeting, planning and revenue forecasting.
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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.
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.