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
    Idilia

    Idilia

    Digital Advertising Platforms

    An artificial intelligence enterprise cloud services company.

    $872K

    11

    2000

    Montreal

  2. 02
    Opslock

    Opslock

    Business Intelligence Software

    Opslock helps employers proactively reduce workplace injuries and fatalities, using data science to predict and avoid industrial disasters.

    $867K

    $3M

    19

    2017

    Montreal

  3. 03
    Delpha

    Delpha

    Database Software

    $763K

    15

    2020

    Montreal

  4. 04
    SweetIQ Analytics

    SweetIQ Analytics

    E-Commerce Software

    SweetIQ Analytics plays a critical role in local search for success of multi-location brick-and-mortar brands.

    $671K

    $3M

    16

    2010

    Montreal

  5. 05
    Nexalogy

    Nexalogy

    Data Integration Software

    Developer of a social data analytics platform designed to let users extract valuable insights from their existing social data feeds. The company's platform offer social campaign management permitting users to choose their target audience and define their t

    $615K

    9

    2006

    Montreal

  6. 06
    1st Incident Reporting

    1st Incident Reporting

    Information Technology Software

    Developer of an incident reporting application intended to help field teams. The company's application offers features like building customized incident forms to capture data, attaching audio, photos and video, reporting incidents on remote job sites and o

    $594K

    17

    Montreal

  7. 07
    ProcessLenz

    ProcessLenz

    Cloud Computing Software

    ProcessLenz is a cloud-based robotic process automation prioritization software that helps scale automation through the company.

    $588K

    10

    2020

    Montreal

  8. 08
    SquareFeet.ai

    SquareFeet.ai

    Information Technology Software

    Real Estate Technology, SaaS

    $580K

    $20K

    7

    2020

    Montreal

  9. 09
    Hoppin' World

    Hoppin' World

    Software Software

    Hoppin' World is a VR platform that can be utilized to visit real-world destinations anywhere around the world.

    $578K

    29

    2018

    Montreal

  10. 10
    Merinio

    Merinio

    Developer of workforce automation software designed to increase human capital operational efficiency. The company's software provides labor forecasting, auto shift fulfillment, on demand schedule validation, compliance engine, quick schedule and template a

    $527K

    10

    2017

    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.