Top SaaS Companies in Canada

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

These are the top SaaS companies in Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Canada by featuring these 1,462 companies with combined revenues of $11.6B.

Together, Canada SaaS companies employ over 100K employees, have raised $1.1B capital, and serve over 3B customers around the world.

$0 - $1M ARR
  1. Willful $1.0M
  2. Keatext $996.0K
  3. PostBeyond $990.0K
$1M - $5M ARR
  1. DashThis $5.0M
  2. Taplytics $4.9M
  3. Lumen5 $4.8M
$5M - $10M ARR
  1. Amilia $10.0M
  2. Voices.com $10.0M
  3. Introhive $10.0M
$10M+ ARR
  1. Shopify $1.2B
  2. Njoyn $250.0M
  3. Kinaxis $224.2M
  1. 01
    Amilia

    Amilia

    Business Management Software

    eCommerce platform for activities and recreation

    $10M

    1K

    105

    2010

    Canada

  2. 02
    Voices.com

    Voices.com

    Application Development Software

    Provider of an online marketplace that connects businesses with professional voice talent. The company's online marketplace allows radio and television stations, advertising agencies and Fortune 500 companies to search for, audition and hire voice talents

    $10M

    $20M

    1M

    591

    2005

    Canada

  3. 03
    Pagefreezer

    Pagefreezer

    Cloud-based software

    Provider of a SaaS platform intended for website and social media archiving services. The platform enables users to permanently preserve website and social media content in evidentiary quality and then access those archives and replay them as if they were

    $10M

    $500K

    2K

    92

    2009

    Canada

  4. 04
    Introhive

    Introhive

    CRM and Related Software

    Introhive offers a SaaS platform that helps organizations increase revenues and improve customer experience management

    $10M

    $128M

    50

    285

    2012

    Canada

  5. 05
    Dejero Labs

    Dejero Labs

    Information Technology Software

    Developer of a cloud-based platform designed to provide connectivity required for cloud computing, online collaboration, and the secure exchange of video and data. The company's solutions include routers, network blending software, and connectivity service

    $10M

    $99M

    147

    2008

    Canada

  6. 06
    HighRoads

    HighRoads

    Information Technology & Services

    Provider of health plan product management services intended to offer healthcare compliance and insurance to the people. The company's services offer a human resource information management system and a technology enabled service that centralizes human res

    $10M

    $43M

    118

    1999

    Canada

  7. 07
    Nureva

    Nureva

    Computer Software

    Developer of cloud based canvases and advanced conferencing platform designed to provide faster and easier collaboration processes. The company's platform provides various visual collaboration products along with various audio conferencing products, enabli

    $10M

    117

    2014

    Canada

  8. 08
    Upchain

    Upchain

    Computer Software

    Developer of a cloud PLM solution designed to collaborate decentralized product value chain. The company's solutions offer item management, version control, change management, bills of materials management, file compliance and CAD integration, enabling man

    $10M

    117

    2015

    Canada

  9. 09
    jane.app

    jane.app

    Healthcare Software

    Developer of a medical practice management software designed for online booking, charting and scheduling. The company's medical practice management software makes easy for patients to visit, manage and schedule their visits, while also helping medical prac

    $10M

    116

    2011

    Canada

  10. 10
    Redbrick

    Redbrick

    Office Software

    International Business Machines Corporation is an American multinational information technology company headquartered in Armonk, New York, United States, with operations in over 170 countries.

    $10M

    10K

    62

    2011

    Canada

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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.