These are the top SaaS companies in Surrey, Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Surrey by featuring these 6 companies with combined revenues of $10.8M.
Together, Surrey SaaS companies employ over 197 employees, have raised $15.8M capital, and serve over 0 customers around the world.
Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.
Financial Services Software
Developer of financial risk analytics software intended to help firms make better investment and risk decisions. The company's software platform provides derivative analytics technology, modeling and analytics, risk management, derivatives software, hedge accounting, and other financial software to global asset managers, hedge funds, businesses, and individuals, enabling organizations to enhance investment returns, manage risk, reduce costs, comply with regulations, and provide confidence to investors and shareholders better.
Information Technology Software
DSG Global Inc is a technology company that provides design, manufacture and marketing of fleet management solutions for the golf industry, commercial, government and military applications. The principal activities are sale and rental of GPS tracking devices and interfaces for golf vehicles and support activities. The products developed by the company can be sold and installed in golf facilities and also for commercial applications. The products include TAG Golf which can be used to monitor the pace of play, security, geo-fencing, TAG Turf which is used for fleet management and security capabilities. Other products include TAG commercial and TAG military and government.
Provider of software to analyze large transport datasets. The company's software enables clients to alter and aggregate mapping data in numerous ways, enabling them to save time, money and have more accurate data.
Information Technology Software
Providers of the most flexible live video conferencing and streaming software development tools, media servers and Cloud SaaS platform today
Spred is a SaaS platform that allows resellers to upload, manage, analyze and sell their items to all peer to peer marketplaces.
UrbanLogiq provides a data analytics platform that makes city planning faster, cheaper, and more accurate.
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.