These are the top SaaS companies in Ontario, Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Ontario by featuring these 61 companies with combined revenues of $544.7M.
Together, Ontario SaaS companies employ over 4K employees, have raised $410.5M capital, and serve over 370K customers around the world.
With powerful and intuitive FP&A software, Vena redefines how companies manage their budgeting, planning and revenue forecasting.
The best cloud based small business accounting software. Send invoices, track time, manage receipts, expenses, and accept credit cards. Free 30-day trial.
CRM and Related Software
Maropost makes powerful, easy-to-use, enterprise-grade software solutions to help you scale your sales and marketing while staying lean.
Q4 is a SaaS platform that provides advanced communication and intelligence solutions to investor relations officers and the C-suite of public companies. With the goal of improving the effectiveness of investor relations through innovative, forward-thinkin
Assent specializes in IT solutions that help organizations with their compliance strategies. These solutions are developed and executed through an open dialog between their clients, environmental consultants, their IT developers and their operations depart
Unified Cloud Security
vFairs is a leading virtual events software that helps organizations host virtual job fairs, career fairs, online trade shows & more by using a virtual enviornment, chat tools and embedded webinars. Fully branded booth. Customizable software. A+ suppor...
Vidyard is a software company headquartered in Kitchener, Canada that creates software to host and analyze video performance.
Wave is a company that provides a suite of financial services and online software for small businesses.
Empower marketers creating great experiences
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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.
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.