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
    FunctionFox

    FunctionFox

    Project|Portfolio & Program Management Software

    Timesheets & Project Management for Creatives|Timesheets and Project Management

    $5M

    $500K

    1K

    24

    2001

    Canada

  2. 02
    DashThis

    DashThis

    Analytics Software

    Provider of online SEO reporting tools. The company offers web-based SEO dashboards and reporting tools for marketing agencies.|You note that Antoine is the founder, but he's not. I'm am. He's the CEO, and I'm the founder and President. The ARR was wrong a

    $5M

    3K

    30

    2011

    Canada

  3. 03
    Taplytics

    Taplytics

    Application Development Software

    Create highly personalized, engaging experiences across the entire customer lifecycle. Learn how Taplytics makes it possible.

    $5M

    $8M

    51

    2013

    Canada

  4. 04
    GlobalTrade

    GlobalTrade

    GlobalTrade Corporation (GTC) is a software design, development and implementation company. It has established a reputation as a leading provider of innovative multi-bank trade finance solutions for corporattions and financial institutions. GTC’s te...

    $5M

    51

    2000

    Canada

  5. 05
    Lumen5

    Lumen5

    Office Software

    Lumen5 is a video creation platform powered by A.I. that enables anyone without training or experience to easily create engaging video content within minutes.

    $5M

    5K

    40

    2017

    Canada

  6. 06
    STI Technologies

    STI Technologies

    Information Technology Software

    Provider of intelligent-reimbursement technologies for the Canadian healthcare market. The company is one of the largest intelligent reimbursement card providers to the Canadian healthcare industry and develops programs on behalf of pharmaceutical and pati

    $5M

    $14M

    64

    2001

    Canada

  7. 07
    BiblioCommons

    BiblioCommons

    Education Software

    Provider of a SaaS library automation software designed to build a global, digital, civic-space around books and other media. The company's applications include a discovery and transaction layer, an event service, mobile apps, and a site builder with smart

    $5M

    8M

    55

    2006

    Canada

  8. 08
    NexJ-Systems

    NexJ-Systems

    CRM and Related Software

    We are the pioneers of Intelligent Customer Management (ICM) providing the best CRM solutions within the finance and insurance industries. Contact us today!

    $5M

    $18M

    193

    2003

    Canada

  9. 09
    Hubba

    Hubba

    E-Commerce Software

    Hubba is a computer software company in the retail technology space.

    $5M

    $61M

    51

    2011

    Canada

  10. 10
    PathFactory

    PathFactory

    Content Marketing Software

    PathFactory removes friction from every stage of the customer lifecycle, helping marketers deliver a better customer experience and accelerate revenue.

    $5M

    $15M

    51

    2012

    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.