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. 11
    1Password

    1Password

    Security Software

    Developer of password management software designed to save and remember passwords. The company's platform allows users to maintain strong credentials, manage access to services and report on usage and also provides private, secure and user-friendly passwor

    $120M

    $300M

    90K

    382

    2005

    Canada

  2. 12
    Syntax Systems

    Syntax Systems

    Erp Software

    Syntax Systems is a provider of technology services for businesses in North America. The company offers enterprise resources planning software, infrastructure and cloud-based services to its customers. It was founded in 1972 and is headquartered in Montrea

    $108M

    1K

    1972

    Canada

  3. 13
    Absolute Software

    Absolute Software

    Computer & Network Security

    Absolute Software is a provider of software services. The company develops software for the security and management of computers, laptops and ultra-portable devices. It was founded in 1993 and is headquartered in Vancouver, Canada. The company seeks to exp

    $105M

    10K

    611

    1993

    Canada

  4. 14
    Moj

    Moj

    Iot Software

    Give Every Vehicle A Voice

    $102M

    850K

    99

    2012

    Canada

  5. 15
    Vision-Critical

    Vision-Critical

    Analytics Software

    Vision Critical provides a cloud-based customer intelligence platform that allows companies to build engaged, secure communities of customers.

    $100M

    $39M

    100K

    519

    2000

    Canada

  6. 16
    Coveo

    Coveo

    Analytics Software

    com, Sitecore, Google Apps for Work, Atlassian, JIRA, Office 365, YouTube, Lithium, Jive, Dropbox, and more.

    $90M

    $355M

    1K

    563

    2008

    Canada

  7. 17
    Ideal

    Ideal

    Talent Management Software

    Ideal is recruitment automation software that acts as a virtual assistant to automate time-consuming, high-volume hiring tasks. AI for recruiting is here!

    $86M

    $3M

    982

    2014

    Canada

  8. 18
    Kounta

    Kounta

    Cloud-Based Software

    Developer of point-of-sale software, based in Sydney, Australia. The company engages in providing cloud-based point-of-sale solutions to the small and medium-sized businesses operating within the hospitality industry.

    $70M

    2K

    2012

    Canada

  9. 19
    mdf commerce

    mdf commerce

    E-Commerce Software

    mdf commerce enables the flow of commerce by providing a broad set of SaaS solutions.

    $69M

    820

    1996

    Canada

  10. 20
    Global Relay

    Global Relay

    Information Technology & Services

    Provider of cloud computing services intended to address the growing need for corporate email management. The company's service includes message archiving, supervision, eDiscovery, case management, audit, mailbox management, search analytics, operational a

    $64M

    20K

    766

    1999

    Canada

11-20 of 1,462

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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.