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List of the largest SaaS companies in Halifax, Canada

Top SaaS Companies in Halifax

These are the top SaaS companies in Halifax, Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Halifax by featuring these 22 companies with combined revenues of $96.4M.

Together, Halifax SaaS companies employ over 2K employees, have raised $50.1M capital, and serve over 103K customers around the world.

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Highlights

Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


02
P
Proposify

Sales Software

Create beautiful proposals, close more deals..Proposal software for sales teams to create, send, and track proposals and contracts..Proposal software to close your deals.

$7M
$670K
10K
100
2013
Canada
03
STIT
STI Technologies

Information Technology Software

Provider of intelligent-reimbursement technologies for the Canadian healthcare market. The company is one of the largest intelligent reimbursement card providers to the Canadian healthcare industry and develops programs on behalf of pharmaceutical and patient-assistance companies.

$5M
$14M
-
64
2001
Canada
04
B
Bright

Fitness Software

Developer of an online platform intended to offer on-demand hair styling services. The company's SaaS-based platform uses a network of trusted hair stylists and barbers to provide haircuts, hair colour and styling services to home, office, hotel or any other location anytime, enabling users to access hair services as per their convenience.

$2M
$664K
-
36
2017
Canada
05
SR
SalesRight

B2B Software

SalesRight helps SaaS sales teams close deals faster through Interactive Live Quotes.

$2M
$600K
-
35
2018
Canada
06
TR
The Rounds

Healthcare Software

Developer of an online communication and information sharing platform designed for physicians. The company's platform connects physicians to the information and experts they need to perform procedures and improve patient outcomes, enabling users to collaborate with ease and connect in real-time with colleagues as well as find information and other content, including peer-reviewed journals that they need for practice.

$2M
$3M
-
34
2012
Canada
07
A
Affinio

Digital Advertising Platforms

Provider of an interest analytics platform designed to help marketers better connect with people. The company's interest analytics platform leverages the interest graph to understand consumer by using machine learning and graph engine, it analyzes and visualizes massive consumer data sets to uncover naturally-forming interest segments within any audience, empowering the brands, agencies, media companies and publishers to redefine the way they research, plan and execute marketing strategies and identify consumer interests and affinities.

$1M
$14M
-
31
2013
Canada
08
M
Manifold.co

Cloud Computing Software

Developer of a service management platform designed to change the way developers and cloud services work together. The company's platform helps developer to easily find, buy and manage their favorite services from email to logging without being locked into a single cloud platform and to not restricted b the confines of any particular cloud, enabling them to create stacks tailored specifically for their project needs.

$1M
$15M
-
21
2016
Canada
09
A
Abridean

Information Technology Software

Provider of application provisioning and management platform. The company offers a user management and provisioning solution that automates additions, deletions, and modifications of user accounts

$797K
-
-
11
2000
Canada
10
Z
Zora

Real Estate Software

Provider of property management software designed to help landlords put their properties on cruise control, save time and money. The company's property management software and rental application allows to apply to multiple properties without filling out a new application every single time, enabling landlords to remove guesswork from the rental process and save time by automating the most tedious tasks.

$788K
-
-
10
2015
Canada
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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.