Top SaaS Companies in Vancouver

List of the largest SaaS companies in Vancouver, Canada (Click to apply)

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 147 companies with combined revenues of $778.4M.

Together, Vancouver SaaS companies employ over 21K employees, have raised $319.5M capital, and serve over 16M customers around the world.

$0 - $1M ARR
  1. Kobalt $971.2K
  2. Flowfinity $964.9K
  3. Procurify $958.4K
  4. Chatnels $925.8K
$1M - $5M ARR
  1. Canalyst $3.5M
  2. Clariti $3.4M
  3. Vivonet $3.3M
  4. Tasktop $3.2M
$10M+ ARR
  1. Avature $170.0M
  2. Hootsuite $150.0M
  3. Visier $50.0M
  1. 11
    ritech solutions

    ritech solutions

    Information Technology Software

    Ritech Group of Companies is a creative, hardworking, and value conscious software design and development partner for your web and mobile digital transformation technology solutions. From ideation through development and on-going support, our team of 120+

    $9M

    123

    2016

    Vancouver

  2. 12
    Elastic Path Software

    Elastic Path Software

    Developer APIs Software

    Elastic Path Software is the pioneer of headless commerce with the first API oriented e-commerce platform for the enterprise space.

    $8M

    $49M

    111

    2000

    Vancouver

  3. 13
    Agreement-Express

    Agreement-Express

    Customer Success Software

    The world's most powerful customer onboarding automation for financial services. More than a digital experience. We have an intelligent decision engine.

    $8M

    79

    2001

    Vancouver

  4. 14
    Eventbase

    Eventbase

    Event Management Software

    Provider of an enterprise event app platform that scales from global conferences to small events. The company's event management application offers customizable branding and design, and attendee-focused engagement tools that make it easy for event organize

    $7M

    $15M

    88

    2009

    Vancouver

  5. 15
    Wishpond

    Wishpond

    CRM and Related Software

    Wishpond makes it easy for marketers to create landing pages and contests, track leads, send emails and more.

    $6M

    $3M

    3K

    100

    2009

    Vancouver

  6. 16
    Bench

    Bench

    Accounting Software

    Bench is the online bookkeeping service that pairs you with a dedicated bookkeeping team and simple, elegant software to balance your books.

    $6M

    $49M

    166

    2012

    Vancouver

  7. 17
    D3 Security

    D3 Security

    Security Software

    Provider of incident management platform intended to empowers security operations. The company's platform are turnkey integrations that streamline event escalation and intelligence gathering and offers pre-configured and custom settings that empower users

    $5M

    105

    2002

    Vancouver

  8. 18
    Buyatab Online

    Buyatab Online

    Customer Service Software

    Developer of Saas-based online gift card platform and related marketing services. The company offers online gift card infrastructure applications for medium and large-sized businesses, seamless applications for gift cards to be purchased from a merchant's

    $4M

    57

    2009

    Vancouver

  9. 19
    Canalyst

    Canalyst

    Financial Services Software

    Provider of a cloud-based platform designed to modernize the equity research function on both the buy-side and sell-side. The company's platform features unlocked Excel models with verified historical financials along with complete operating and segment da

    $3M

    $22M

    146

    2015

    Vancouver

  10. 20
    Clariti

    Clariti

    Government Software

    Clariti is a 100% SaaS company offering leading a permitting, licensing and inspections solutions for state and local government.

    $3M

    $440K

    47

    2006

    Vancouver

11-20 of 167

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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.