These are the top SaaS companies in Haidian, China. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Haidian by featuring these 17 companies with combined revenues of $26.1M.
Together, Haidian SaaS companies employ over 450 employees, have raised $248.4M capital, and serve over 3K customers around the world.
Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.
Qiezi is a provider of SaaS services for dental clinics.
Information Technology Software
Provider of software-defined-infrastructure products and services designed to provide enterprises with storage solutions. The company's platform uses hi-technology to help enterprises achieve cost-effective small and medium-scale horizontal expansion storage, enabling customers to realize data center architecture innovation.
Cloud Platform as a Service (PaaS) Software
Developer of a container platform designed to empower enterprise IT with enterprise platform-as-a-service (PaaS) offering based on Kubernetes. The company's platform automates the management of a diverse and dynamic infrastructure, as well as supports modern application development and operations by integrating components of the DevOps toolchain to maximize developer productivity and unlock end-to-end agility thus enabling enterprises to deliver a cloud-native capabilities and best practices, across industries to continuously innovate in the Digital Age.
Coralsec is a mobile internet security company that provides SAAS services for enterprises and individual users.
Youchaiyun is a SaaS platform for the automotive dismantling industry.
Cloud Computing Software
Authing provides identity authentication and authorization services for enterprises and developers.
Artificial Intelligence Software
Provider of image recognition technology intended for anti-fraud purposes. The company's product utilizes artificial intelligence technology to carry out authenticity identification on ID cards, driver licenses, invoices etc. The company's technology provides risk control and anti-fraud services for clients, helping them manage risks.
Information Technology Software
Provider of cyber-security and online protection services designed to offer innovative web application security services. The company's cyber-security and online protection services are offered through intelligent and simple security of web application layer, enabling enterprises to keep critical assets protected from the ever-changing attacks of the cyber crime industry.
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.