Curve

Want to get all the data on the Top SaaS Companies in Canada?

Sign up now
There are 993 SaaS companies in Canada. They have $5.9B combined revenue and employ 54.9K people. See the full list here including CEO email.

Top SaaS Companies in Canada

These are the top 993 SaaS companies in Canada. In today's day and age it's possible to launch a company from anywhere. We wanted to show some love for Canada by featuring these 993 companies with combined revenues of $5.9B.

Together, Canada SaaS companies employ over 54.9K employees, have raised $11.3B capital, and serve over 112.8M customers around the world.

Data: This data was collected through the Latka podcast where each CEO was interviewed for company details.

Divider

SaaS Companies in Canada Ranked by Revenue

1
$560M
1.8K
2000
$234.6M
2.2K
2
$500M
0
2007
$690.7M
1.2K
3
$272M
16M
2008
$299.9M
1.4K
4
$250M
100K
2005
$920M
1.8K
5
$174.2M
1K
1991
-
636
6
$170M
650
2009
-
1.4K
7
$143.2M
100K
2011
$183.5M
671
8
$116.9M
450
2011
$564.5M
398
9
$116.5M
900
2011
$476M
732
10
$102M
850K
2012
$80.8M
62
11
$100M
10K
2011
-
107
12
$85M
0
2019
$434M
554
13
$80M
5K
2011
$87M
381
14
$65.5M
0
2012
-
655
15
$65.3M
1.1K
2008
$178.1M
659
16
$64.3M
20K
1999
-
1.4K
17
$64.1M
0
2008
$47.7M
609
18
$57.9M
5K
2016
$192.2M
385
19
$56.7M
0
1997
-
527
20
$55.2M
0
2000
$144.4M
501
1 - 20 of 993

Want to get all the data on the Top SaaS Companies in Canada?

Sign up now

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.