Top SaaS Companies in Montreal

List of the largest SaaS companies in Montreal, Canada (Click to apply)

These are the top SaaS companies in Montreal, Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Montreal by featuring these 93 companies with combined revenues of $385.0M.

Together, Montreal SaaS companies employ over 7K employees, have raised $0.0 capital, and serve over 4M customers around the world.

$0 - $1M ARR
  1. Idilia $872.3K
  2. Opslock $866.8K
  3. Delpha $762.8K
  4. Nexalogy $614.8K
$1M - $5M ARR
  1. Plusgrade $3.9M
  2. Mediaclip $3.9M
  3. Planbox $3.7M
  4. mnubo $3.5M
$5M - $10M ARR
  1. SodaPDF $7.8M
  2. Big Bang $7.8M
$10M+ ARR
  1. Kounta $69.9M
  2. AlayaCare $28.4M
  3. Nakisa $24.0M
  4. Rideau $22.4M
  1. 01
    Plusgrade

    Plusgrade

    Aerospace Software

    The market leading provider of upgrade solutions, a key segment of the fast-growing ancillary revenue and merchandising sector

    $4M

    $151M

    70

    57

    2009

    Montreal

  2. 02
    Mediaclip

    Mediaclip

    Electronics Software

    Flexible software solutions for personalized printed products, for Printers, Retailers, Web Solution Providers and Content owners.

    $4M

    48

    2005

    Montreal

  3. 03
    Planbox

    Planbox

    Innovation Intelligence Software

    Manage your entire innovation pipeline and portfolio with Planbox's powerful analytics engine and workflow-driven agile innovation management platform.

    $4M

    400

    52

    2009

    Montreal

  4. 04
    Element AI

    Element AI

    Artificial Intelligence Software

    Element AI is a provider of artificial intelligence services. It offers a platform that helps organizations embrace an AI-First strategy. The sectors it serves are banking, capital markets, insurance, manufacturing, retail, transportation and logistics. Th

    $3M

    $268M

    78

    2016

    Montreal

  5. 05
    mnubo

    mnubo

    IOT Software

    Developer of an IoT analytics and artificial intelligence platform designed to empower the next wave of data-driven product manufacturers. The company's platform is flexible and can be implemented in days and does not require a long roll-out plan, IT resou

    $3M

    $19M

    47

    2012

    Montreal

  6. 06
    Vanilla Forums

    Vanilla Forums

    Software As A Service Platform(Saas)

    Developer of an online platform intended to offer a cloud-based community forum software. The company's online platform is software-as-a-service open source project, enabling helps companies provide a great community experience to their customers for discu

    $3M

    $18M

    65

    2009

    Montreal

  7. 07
    Stradigi AI

    Stradigi AI

    Artificial Intelligence Software

    Stradigi AI is an AI SaaS company that accelerates time-to-value for data-driven insights across all business functions.

    $3M

    $40M

    66

    2014

    Montreal

  8. 08
    ImPak Finance

    ImPak Finance

    Financial Services Software

    Developer of an application intended to reward responsible purchases from impact businesses. The company connects savers and investors who dream of a better world with entrepreneurs and companies working for its sustainable transformation as well as offers

    $3M

    $2M

    47

    2016

    Montreal

  9. 09
    AI.DA 2.0

    AI.DA 2.0

    Artificial Intelligence Software

    Artificial Intelligence, SaaS, Automated Marketing Technology,

    $3M

    37

    2016

    Montreal

  10. 10
    Vention

    Vention

    Design Software

    Provider of a browser-based digital manufacturing platform created to design, order and assemble industrial equipment. The company's platform consists of a library of structural, motion and control components, a free cloud-based 3D Machine Builder and arti

    $3M

    $48M

    100K

    148

    2016

    Montreal

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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.