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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
K
Keatext

Enterprise Feedback Management Software

We build AI for meaningful Human Experience

$996K
$3M
30
21
2010
Canada
03
SF
Sourcing Force

Procurement Software

Sourcing Force is a source-to-pay and procurement management solution for procurement teams

$996K
-
700
16
2012
Canada
04
PB
PostBeyond

Demand Generation Software

PostBeyond is the leading employee advocacy and social selling platform. Our solution is easy for employees to use, scalable and includes robust analytics.

$990K
$5M
-
29
2013
Canada
05
CTS
Certified Tracking Solutions

Delivery Service Software

Developer of a cloud-based software to support GPS tracking solutions ranging from specialized fleet management telematics to consumer-based GPS tracking and vehicle control systems. The company's software enables fleet operators across Canada and the United States to manage fleets with GPS location, status, event data and ELDs for hours of service compliance, ensuring productivity, safety and efficiency.

$986K
-
-
44
2004
Canada
06
GOI
GOmentr Inc.

Cloud-Based Software

Developer of an open platform created to share resources and virtual mentoring between professionals. The company's mentoring application enables the students, alumni and employers to ask for help, receive valuable content, use that content to start networks, develop collaborative relationships, obtain mentoring and solve problems.

$982K
-
-
25
2011
Canada
07
H
Hatchways

HR Software

We find overlooked engineers for startups through simulated work.

$980K
-
-
10
2019
Canada
08
GX
GrubX

SaaS Software

SaaS, Food-Tech

$980K
$50K
-
31
2019
Canada
09
CAM
Carbon-And-More

Information Technology Software

SaaS Solution

$976K
-
-
22
2005
Canada
10
JFBM
JFB Microsystems

Communication Software

Developer of telecommunications management software. The company develops software and interactive voice response applications under the trademark SERVOX. It also provides other types of applications such as call accounting, inventory management, directory listing, cable management, trouble and work-order management. The product line is marketed under the name SOFTEL.

$975K
-
-
14
1984
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.