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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
W
Wavy

Collaboration & Productivity Software

Create amazing company culture, wherever your people are.

$990K
$2M
-
22
2018
California
03
PB
PostBeyond

Demand Generation Software

PostBeyond is the leading employee advocacy and social selling platform. Our solution is easy for employees to use, scalable and includes robust analytics.

$990K
$5M
-
29
2013
Canada
04
W
Waitry

Customer Service Software

Developer of an ordering mobile application designed to facilitate customers to make reservations, orders and bill payments. The company's mobile application facilitates reservation making, food ordering as well as bill payments from restaurants, hotels, stadiums, theaters as well as workplace, enabling customers to make their order, interact with the staff directly from their cellphone, join group orders, split the bill and pay.

$987K
$45K
-
11
2014
United States
05
GX
GrubX

SaaS Software

SaaS, Food-Tech

$980K
$50K
-
31
2019
Canada
06
CAM
Carbon-And-More

Information Technology Software

SaaS Solution

$976K
-
-
22
2005
Canada
07
A
Autoklose

Email Marketing Software

Increase Revenue With Sales Engagement.Sales engagement SaaS

$972K
-
3K
17
2017
Canada
08
MB
MotivBase

Artificial Intelligence Software

AI Anthropologist that performs true observational ethnographic research on any topic or trend using big data to quantify demand spaces.

$947K
-
-
37
2015
Canada
09
N
Necho

Accounting and Finance Software

Provider of Expense Management Automation(EMA) services. The company allows companies to control and automate the processing of expenditures incurred by an employee on behalf of the business.

$947K
-
-
13
1995
Canada
10
CF
Clinical Force

Healthcare Software

Provider of clinical trials management system. The company is engaged in developing software for the life science industry including small to medium sized life science organizations that are looking to improve current clinical processes by the adoption of economic and easy to use applications.

$939K
-
-
13
1999
United States
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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.