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List of the largest SaaS companies in Canada

Top SaaS Companies in Canada

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 1,579 companies with combined revenues of $13.2B.

Together, Canada SaaS companies employ over 111K employees, have raised $12.6B capital, and serve over 3B customers around the world.

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Highlights

02
GT
GlobalTrade

Development Software

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
03
L
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
39
2017
Canada
04
STIT
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 patient-assistance companies.

$5M
$14M
-
64
2001
Canada
05
J
Janeapp

Online Appointment Scheduling Software

Web-based and affordable, Jane lets you book, chart, schedule, invoice, process payments, and run your whole practice online.

$5M
-
18K
36
2011
Canada
06
BC
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, reusable content modules and multi-channel marketing integrations, providing a digital civic space for end users that is centered on books and media.

$5M
-
8M
55
2006
Canada
07
H
Hubba

E-Commerce Software

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

$5M
$61M
-
46
2011
Canada
08
PF
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
09
BL
Breathe Life

Insurance Software

The modern individual insurance platform designed with those who sell and buy in mind

$5M
$12M
-
51
2018
Canada
10
NJS
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
-
146
2003
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.