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
    Willful

    Willful

    Legal Software

    Online wills & POA documents

    $1M

    $800K

    10K

    15

    2017

    Canada

  2. 02
    Dooly Research

    Dooly Research

    Sales Software

    Smarter Playbooks For Sales

    $1M

    $102M

    100

    14

    2016

    Canada

  3. 03
    Keatext

    Keatext

    Enterprise Feedback Management Software

    We build AI for meaningful Human Experience

    $996K

    $3M

    30

    21

    2010

    Canada

  4. 04
    Sourcing Force

    Sourcing Force

    Procurement Software

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

    $996K

    700

    16

    2012

    Canada

  5. 05
    PostBeyond

    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

    38

    2013

    Canada

  6. 06
    Certified Tracking Solutions

    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 Unit

    $986K

    44

    2004

    Canada

  7. 07
    GOmentr Inc.

    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 networ

    $982K

    25

    2011

    Canada

  8. 08
    Hatchways

    Hatchways

    HR Software

    We find overlooked engineers for startups through simulated work.

    $980K

    10

    2019

    Canada

  9. 09
    GrubX

    GrubX

    SaaS Software

    SaaS, Food-Tech

    $980K

    $50K

    31

    2019

    Canada

  10. 10
    Carbon-And-More

    Carbon-And-More

    Information Technology Software

    SaaS Solution

    $976K

    22

    2005

    Canada

1-10 of 841

Next

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.