Top SaaS Companies in Victoria

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

These are the top SaaS companies in Victoria, Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Victoria by featuring these 15 companies with combined revenues of $41.6M.

Together, Victoria SaaS companies employ over 684 employees, have raised $3.0M capital, and serve over 315K customers around the world.

$0 - $1M ARR
  1. AppColony $727.8K
  2. redbracket $702.1K
  3. Zag.ai $523.7K
$1M - $5M ARR
  1. Ento $3.6M
  2. INFLOR $3.1M
  3. HelpDen $3.0M
  4. Terapeak $2.4M
  5. LlamaZOO $2.3M
$5M - $10M ARR
  1. Certn $5.5M
$10M+ ARR
    1. 01
      AppColony

      AppColony

      Creative Agency Software

      AppColony is a SaaS-based creative agency firm that offers web development, project management, iOS and Android app development services.

      $728K

      11

      2012

      Victoria

    2. 02
      redbracket

      redbracket

      Marketing Software

      $702K

      9

      2017

      Victoria

    3. 03
      Zag.ai

      Zag.ai

      Advertising Software

      SaaS marketing intelligence for content strategy & SEO.

      $524K

      10

      2016

      Victoria

    4. 04

      $389K

      6

      2013

      Victoria

    5. 05
      SparkTrust Systems

      SparkTrust Systems

      Information Technology Software

      SparkTrust Systems is a web security company that provides a SaaS based scanning and monitoring solution combined with a premium support.

      $293K

      5

      2011

      Victoria

    6. 06
      DSMenu

      DSMenu

      Information Technology Software

      A SaaS product that helps restaurants to create, manage & display multiple digital menu boards with a single click. This product is disruptive in nature by eliminating expensive hardware infrastructure and by introducing easy plug-n-play & URL posting feat

      $98K

      2

      2013

      Victoria

    7. 07
      KeyNexus

      KeyNexus

      Security Software

      A new approach to the unified key management-as-a-service (KMaaS), KMIP and HSM markets with options ranging from SaaS/cloud, on-premise and embedded delivery.

      $97K

      $3M

      1

      2012

      Victoria

    8. 08
      Flow

      Flow

      Iot Software

      Developer of a project management software designed to manage complex projects by teams. The company's platform provides project management, task tracking, resource management, tea, collaboration, API integration and also provides application development w

      $64K

      300K

      3

      2011

      Victoria

    9. 09
      GetAcquired

      GetAcquired

      Marketplace Software

      Marketplace, Brokerage

      $29K

      1

      2020

      Victoria

    10. 10
      Ghostit

      Ghostit

      Digital Marketing Solutions

      Content Marketing Management Software

      $6K

      10

      4

      2016

      Victoria

    1-10 of 10

    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.