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List of the largest SaaS companies in Quebec, Canada

Top SaaS Companies in Quebec

These are the top SaaS companies in Quebec, Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Quebec by featuring these 14 companies with combined revenues of $111.4M.

Together, Quebec SaaS companies employ over 980 employees, have raised $397.4M capital, and serve over 3M 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
J
Jobillico

Enterprise Software

Provider of an online job discovery platform intended to connect requiters and job seekers. The company's online job discovery platform offers to discover and apply for jobs matching the skill sets and preferences of individuals in Canada, enabling users to find their required jobs in a hassle free way.

$7M
$8M
3M
101
2010
Canada
03
BIMO
BIM One

3D Technology

Developer of an innovative web-based technology designed to maximize interdisciplinary collaboration in digital 3D model construction and management. The company's innovative web-based technology combines various 3D coordination and modelling software applications and can be used in any kind of device like desktop computer, tablet or smartphone enabling architecture, design and construction industry to get informations on a single platform and thus get benefits in decision making.

$6M
$2M
-
69
2013
Canada
04
BD
Brizo Data

Analytics Software

SaaS, Market Intelligence, Data Science, Data, Analytics, Restaurant Industry, Food Service Industry

$2M
$2M
-
18
2017
Canada
05
XS
XpertSea

Artificial Intelligence Software

Developer of aquatic technologies designed to make aquaculture more profitable and sustainable. The company's technologies combine artificial intelligence, computer vision and machine learning, to empower hatcheries, farms and research centers to track and manage their aquatic populations with greater speed, accuracy and insights, enabling the aquaculture industry to solve production challenges.

$1M
$30M
1K
56
2009
Canada
06
S
Seers

Security Software

Seers offers a “one-stop shop” for Data Protection, Privacy and Cyber Security solutions using Artificial Intelligence. When data is the lifeblood of an organisation, preserving & maintaining the integrity of this data is a priority. Seers offers a portfolio of comprehensive solutions ensuring compliance & enabling businesses to meet their regulatory requirements (I.e. GDPR, PECR, ePrivacy, CCPA) with our Artifical Intelligence (AI) based SaaS (Software as a Service) solutions. Our marketing leading data protection & privacy management solutions cover: consent management, assessments & certifications, advisors platform and documentation & policies. Contact us today to book your free demo for our technology solutions or a consultation with a Data Protection Officer (DPO) or Cyber Security Advisor for an outsourced DPO service.

$1M
-
50K
21
2018
Canada
07
V 
Voilà!

Software

Employee Scheduling & Workforce Planning SaaS

$973K
-
-
46
2015
Canada
08
A
Arkys

It Management Software

Developer and provider of information technology software intended to offer IT solutions for businesses. The company offers tailor-made solutions along with superior-quality service by complying with industry standards and best practices, while having a minimal impact on customers' operations, enabling firms to receive specialized consulting and management of information and communication technologies.

$968K
-
-
22
2000
Canada
09
MC
MyCustomizer

E-Commerce Software

Provider of an online retail platform. The company's platform enables retailers to sell customized products adapted to the special requests of their customers through cloud computing with a ready-to-use SaaS platform.

$945K
-
-
14
2010
Canada
10
BIMT
BIM Track

Computer Software

BIM Track is a cloud-based platform and does not require any installation to start using it.

$666K
-
-
33
2015
Canada
1 - 10 of 14Next

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.