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List of the largest SaaS companies in Burnaby, Canada

Top SaaS Companies in Burnaby

These are the top SaaS companies in Burnaby, Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Burnaby by featuring these 7 companies with combined revenues of $167.3M.

Together, Burnaby SaaS companies employ over 2K employees, have raised $679.2M capital, and serve over 155K 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
C
Clio

Legal Software

Provider of a cloud-based practice management platform intended to serve the legal industry. The company's platform eases the process of time tracking, billing, administration and collaboration for law firms of all sizes, enabling clients to manage cases in a hassle free manner.

$29M
$386M
150K
563
2008
Canada
03
TD
Traction on Demand

Cloud Data Services Software

Traction on Demand is North America's largest dedicated Salesforce consulting firm delivering cross-platform solutions and SaaS products.

$28M
-
-
977
2007
Canada
04
PM
PerfectMind

Business Management Software

PerfectMind is a membership management software that uses cloud-based technology to help organizations of all sizes connect with their communities.

$8M
-
5K
91
1999
Canada
05
L
Lucid

Analytics Software

Provider of a cloud based intelligence platform intended to improve building efficiency and drive energy conservation and savings. The company's platform helps owners, operators and occupants to gain powerful insights into the operations of their buildings, enabling clients to optimize the performance of their buildings and teams.

$2M
$17M
-
30
2004
Canada
06
CHANNELGATE
CHANNEL GATE

Retail Software

Developer of a digital platform intended to provide solutions to the online retail market focusing on online furniture retail. The company's platform has technology for vending furniture online on its own digital properties and on 3rd party marketplaces, helping furniture manufacturers and retailers list their products on 3rd party marketplaces, enabling shippers to plan, price out, and schedule door-to-door delivery anywhere in North America.

$315K
-
-
7
2004
Canada
07
iA
iiris App

Android Software

SaaS for Efficient Group Communicating

$38K
-
-
2
2012
Canada
1 - 7 of 7

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.