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List of the largest SaaS companies in Vancouver, Canada

Top SaaS Companies in Vancouver

These are the top SaaS companies in Vancouver, Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Vancouver by featuring these 178 companies with combined revenues of $869.9M.

Together, Vancouver SaaS companies employ over 20K employees, have raised $2B capital, and serve over 22M customers around the world.

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Highlights

01
$170M
-
650
14K
2009
Canada
02
H
Hootsuite

Digital Advertising Platforms

Hootsuite is a social media management platform, created by Ryan Holmes in 2008..Hootsuite is a social media management platform, created by Ryan Holmes in 2008.

$150M
$300M
16M
1
2008
Canada
03
T
Trulioo

Financial Services Software

Digital Identity.

$100M
$565M
450
341
2011
Canada
04
VC
Vision-Critical

Analytics Software

Vision Critical provides a cloud-based customer intelligence platform that allows companies to build engaged, secure communities of customers.

$100M
$39M
100K
213
2000
Canada
05
V
Visier

HR Software

People analytics for business people. Achieve better people and business results with the leading people analytics platform.

$50M
$217M
5K
400
2010
Canada
06
ACLS
ACL Services

Big Data Software

ACL Services is an enterprise governance software powered by data automation for audit, compliance, and risk management.

$40M
$50M
14K
808
1987
Canada
07
U
Unbounce

CRM and Related Software

Ditch your other landing page software. Try the best landing page builder for reducing turnaround time & converting more traffic — no coding needed.

$26M
$40M
14K
203
2009
Canada
08
C
Conexiom

Information Technology Software

Developer of a cloud-based automation software designed to help organiztions maintain a competitive edge. The company's automation software automates data entry with accuracy, enabling businesses to grow revenue, improve productivity, increase customer satisfaction and enhance supply chain performance.

$18M
$40M
-
225
2001
Canada
09
FM
Fully Managed

Information Technology Software

Careworx is a provider of managed information technology support services. The company offers enterprise managed services, server deployments and migrations, network security, data backup, project management and cloud services. It was founded in 2006 and is headquartered in Ottawa, Ontario.

$17M
$15M
-
232
2002
Canada
10
A
Allocadia

Enterprise Software

Allocadia provides Marketing Performance Management software, helping marketing teams confidently plan, manage investments, and measure results & ROI.

$11M
$24M
100
118
2010
Canada
1 - 10 of 172Next

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.