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 201 companies with combined revenues of $2.0B.

Together, Canada SaaS companies employ over 24K employees, have raised $988.0M capital, and serve over 16M customers around the world.

$0 - $1M ARR
  1. Medstack $1.0M
  2. Leankor $1.0M
  3. Benbria $1.0M
$1M - $5M ARR
  1. Janeapp $4.7M
  2. Proposify $4.5M
  3. Knak $3.6M
$5M - $10M ARR
  1. Doxim $10.0M
  2. SodaPDF $10.0M
$10M+ ARR
  1. Njoyn $250.0M
  2. Hootsuite $150.0M
  1. 01
    Njoyn

    Njoyn

    An applicant tracking system hosted, developed a

    $250.0M

    1K

    2001

    Canada

  2. 02
    Descartes-Systems Group

    Descartes-Systems Group

    The Descartes Systems Group Inc. Descartes is pe

    $200.0M

    1K

    1981

    Canada

  3. 03
    Hootsuite

    Hootsuite

    Digital Advertising Platforms

    Hootsuite is a social media management platform,

    $150.0M

    $299.0M

    16M

    1K

    2008

    Canada

  4. 04
    PointClickCare

    PointClickCare

    PointClickCare helps LTPAC providers gain the co

    $100.0M

    1K

    2000

    Canada

  5. 05
    Vision-Critical

    Vision-Critical

    Vision Critical provides a cloud-based customer

    $100.0M

    251

    2000

    Canada

  6. 06
    Coveo

    Coveo

    Analytics Software

    com, Sitecore, Google Apps for Work, Atlassian,

    $90.0M

    $150.0M

    1K

    350

    2008

    Canada

  7. 07
    Venasolutions

    Venasolutions

    Erp Software

    With powerful and intuitive FP&A software, Vena

    $60.0M

    $176.0M

    800

    220

    2011

    Canada

  8. 08
    Freshbooks

    Freshbooks

    Erp Software

    The best cloud based small business accounting s

    $55.0M

    $75.0M

    305K

    300

    2004

    Canada

  9. 09
    Visier

    Visier

    People analytics for business people. Achieve be

    $50.0M

    251

    2010

    Canada

  10. 10
    Replicon

    Replicon

    Replicon, Inc. is a software company providing c

    $50.0M

    251

    1996

    Canada

1-10 of 201

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Bootstrapped, Funded SaaS

55 bootstrapped companies made the 2019 list compared to 102 funded companies that have raised $2.8 billion in total.

These bootstrapped founders should be very proud. They found creative ways to drive growth without having to sell big chunks of their company for equity.

53 of these bootstrapped CEO’s are not located in San Francisco or New York.

All except 6 of the 55 are profitable as of December 2019.

Is Churn Important for Growth?

90 of these companies have net revenue retention greater than 100%. This means their upsell and expansion revenue from historical customers more than makes up for any lost revenue from those same customers.

34 of these companies have net revenue retention between 80-99%.

The companies with net revenue retention under 80% annually share a common theme in that only 2 out of the 29 companies have any expansion revenue at all.

Many of these companies simply haven’t added a second product to upsell, or don’t rely on utility based upselling. Expect their growth to expand in 2020 as many of them have expansion revenue in their strategic plans.

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