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. 01
    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

  2. 02
    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

  3. 03
    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

  4. 04
    Vivonet

    Vivonet

    Financial Services Software

    Provider of integrated application service to enterprise management, payment processing and point of sale systems for retail markets including hospitality and automotive collision repair markets. The company processes the retail transactions and manages th

    $3M

    $11M

    42

    2000

    Vancouver

  5. 05
    Tasktop

    Tasktop

    Enterprise Software

    Developer of application-based integration technologies intended for enterprises. The company engages in the development of software with fully automated, enterprise-grade integration tools that help companies to connect their software development and deli

    $3M

    $131M

    189

    2007

    Vancouver

  6. 06
    Dynamsoft

    Dynamsoft

    Document Management

    Dynamsoft Corporation is the provider of version control solution and TWAIN SDK.On its foundation, Dynamsoft was an independent software vendor, started from building a VSS remote access add-on and a bug tracking tool, and later a standalone SQL Server bas

    $3M

    43

    2003

    Vancouver

  7. 07
    StandardFusion GRC

    StandardFusion GRC

    Compliance Software

    StandardFusion is a cloud-based SaaS GRC application designed to make security and compliance simple and approachable.

    $3M

    37

    2014

    Vancouver

  8. 08
    Tradablebits

    Tradablebits

    CRM and Related Software

    Tradable Bits is a digital marketing platform that helps brands connect directly with fans. Combining social login, engagement campaigns and content aggregation, brands on the platform collect cross-network fan data that helps them know clients per...

    $3M

    250

    17

    2011

    Vancouver

  9. 09
    Mimik

    Mimik

    Cloud-based software

    Provider of a distributed computing platform designed to decentralize the cloud. The company's platform creates clusters by physically discovering and establishing peer to peer connection between one another, enabling individuals and organizations to democ

    $3M

    41

    2009

    Vancouver

  10. 10
    Freshline

    Freshline

    E-Commerce Software

    Freshline is an eCommerce & fulfillment SaaS software made for perishable food. We work with food suppliers and enable them to sell online.

    $3M

    $2M

    35

    2016

    Vancouver

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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.