These are the top SaaS companies in Miami Beach, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Miami Beach by featuring these 15 companies with combined revenues of $36.7M.
Together, Miami Beach SaaS companies employ over 734 employees, have raised $888.9M capital, and serve over 75 customers around the world.
15
$36.7M
734
$888.9M
Top SaaS Companies with $0 - $1M ARR
Financial Services Software
Nymbus is a provider of banking software services. The company provides software services for banks to support and interact with their customers offering them a software system that includes core banking functionality. It's smart payment platform provides integrated real-time payments suite for debit and ATM transaction processing and fraud protection. It was founded in 2015 and is headquartered in Miami Beach, Florida . The company seeks to expand its core operations through mergers and acquisitions.
CRM and Related Software
Introhive offers a SaaS platform that helps organizations increase revenues and improve customer experience management
E Commerce Software
Provider of internet payment services designed to assist online shoppers, merchants and banks to transact safely. The company's payment service offers real-time global payment option to securely make online purchases from merchants worldwide and pay directly through the local bank account in the currency of one's choice, enabling users to do hassle free payment in a secure way.
Artificial Intelligence Software
Operator of an artificial intelligence and machine learning company utilizing computer vision powered by proprietary developed machine learning algorithms to sense human behavior and performing with high levels of visualization accuracy of real-time metrics providing insights into age, gender, ethnicity, emotion, object classification and retina motion interaction capturing big data and delivering data analytical reporting.
Information Technology Software
BnBerry is a proprietary software that enables hotels and resorts to promote their rooms on lodging marketplaces such as AirBnB and VRBO. We supplement our technology with customer service and relationship management from prospecting to booking to visiting.
Artificial Intelligence Software
Cien is an AI powered app for technology sales leaders that measures the intangible factors that are preventing reps from achieving their numbers.
Developer of cloud-based data delivery platform designed to improve data delivery and increase capacity into the network. The company's platform provides data delivery network at low costs, enabling its customers to get more out of their network with higher bandwidth, greater control and more revenue prospects from new and existing clients.
Business Management Software
Provider of a cloud based business management platform. The company develops a cloud based platform that allows firms to manage content, increase revenues, streamline processes and improve customer experience.
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.