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List of the largest SaaS companies in Toronto, Canada

Top SaaS Companies in Toronto

These are the top SaaS companies in Toronto, Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Toronto by featuring these 358 companies with combined revenues of $7.4B.

Together, Toronto SaaS companies employ over 46K employees, have raised $3.5B capital, and serve over 517M customers around the world.

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Highlights

02
R
Roadmunk

Project Management Software

The end-to-end roadmapping tool. Capture feedback. Prioritize what to build next. Boardroom-ready roadmaps to communicate your strategy.

$8M
$2M
2K
65
2013
Canada
03
BSS
Blueprint-Software Systems

Process Automation Software

Blueprint's Enterprise Automation Suite provides collaborative process improvement and management. Optimize your processes with Digital Blueprints to deliver end-to-end business process transformation.

$8M
$53M
200K
87
2004
Canada
04
P
Parkbench

Real Estate Software

Find local deals and events. Read local news and business reviews. Talk to a local real estate expert. Connect with locals in your neighborhood..Parkbench is an all-in-one sales & marketing platform for realtors who want to build their brand & get more clients in a neighborhood

$8M
-
1K
96
2014
Canada
05
GHS
GlassHouse Systems

Information Technology Software

GlassHouse Systems is security & enterprise infrastructure solution provider, with 25 years serving private and public customers.

$7M
-
250
182
0
Canada
06
BATL
BATL

Hospitality Software

Provider of recreational services intended to offer an urban indoor axe throwing experience. The company manages leagues, walk-ins, and private events, as well as offers party booking, food, bar services and enjoy free use of digital scoring and league and event management, enabling users to experience the thrill of indoor axe throwing.

$7M
$10M
-
104
2006
Canada
07
S
Softcom

Cloud Based Software

Provider of web hosting and cloud infrastructure services. The company operates brands such as myhosting.com and mail2web.com and offers email and business communications services worldwide.

$6M
$22M
-
173
1997
Canada
08
MC
Modern Campus

Education Software

Modern Campus is a SaaS-based student lifecycle management software designed to manage continuing education and non-degree programs.

$6M
-
550
198
0
Canada
09
MC
Manifest Climate

Artificial Intelligence Software

Manifest Climate is a climate intelligence platform that supports companies in addressing climate change issues.

$6M
$29M
-
59
2015
Canada
10
VP
VendorPm

Marketing Software

VendorPm

$6M
$6M
600
77
2019
Canada
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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.