These are the top SaaS companies in Hangzhou, China. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Hangzhou by featuring these 33 companies with combined revenues of $172M.
Together, Hangzhou SaaS companies employ over 2K employees, have raised $2.3B capital, and serve over 2M customers around the world.
Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.
Top SaaS Companies with $5 - $10M ARR
B2B Marketplace Platforms
Souche, a leading automotive new retail platform in China, is founded by Mr. Yao Junhong, the former CAR Inc. founding team member and vice president, in December, 2012. By August 2018, Souche raised over $1.2 billion from investment or ganizations, including Alibaba group, Ant Financial Services Group, Morningside Venture Capital, Warburg Pincus, Primavera Capital Group, etc. Souche joined '2017 New Global Unicorns Ranking' by Silicon Valley global research organization PitchBook. Souche thrives to become the big intelligent brain of automotive industry. Souche has gradually constructed integrated automotive new retail ecosystem through years of development. Souche is regarded as 'the Alibaba of Chinese automotive industry'. Today, Souche and its relative corporations dedicate in numerous businesses, which include automotive financial leasing platform Tangeche, B2B industrial chain service platform Chehang168, Used-car online trade platform Cheyipai, Car sharing customized platform TIHD, SaaS products for used-car automotive dealers Dafengche and new-car sub-channels automotive dealership network Maicheguanjia, automotive dealership group ERP system provider Breakthrough, Kingdee and automotive supply chain warehouse logistics integrated service provider Iyunche, etc.
Business Management Software
Joyowo.com is an online HR service platform through the Cloud+SaaS model to provide enterprises with social insurance services.
Big Data Software
X TARGET is a DaaS data technology service provider in the retail industry.
CRM and Related Software
Creams is a SaaS building asset management platform.
Cloud Computing Software
Developer of a SaaS based cloud computing and big data platform designed to help its partners improve efficiency in the big data era. The company's cloud platform is a general-purpose computing platform based on large-scale, low-cost, high-security, automated custom cloud computing technology, thereby enabling industrial customers to be free from complex operations and be more focused on the business level and data value.
Aitrade operates as a SaaS-based intelligent financial data platform based on the core algorithm engine.
Digital Advertising Platforms
Developer of online and mobile advertising platform intended to provide network marketing service for small and medium-sized enterprise. The company's online and mobile advertising platform is equipped with comprehensive internet advertisement data and accurate orientation technologies along with providing Internet marketing services using targeting technology and a comprehensive set of Internet advertising data, enabling small and medium-sized enterprise to get access to more business opportunities and more new customers with the web alliance marketing platform.
DRAW SMART specializes in the research and development of AI vision SaaS application services.
Business Intelligence Software
Nobel Systemsâ€™ is an industry leader in all aspects of Geospatial Services, Software Engineering, Software Integration, and Cloud Spatial Solutions (SaaS). Our flagship application GeoViewer enables water utilities to access important infrastructure data anywhere, anytime. Nobel has successfully enabled more than 100 organizations with smarter technology that delivers optimal efficiency, effectiveness, and ROI. Nobel Systems Inc. is a privately held company headquartered in San Bernardino, CA with offices in India and the Philippines. The company was founded in 1992 and has 60 highly skilled and experienced professionals specializing in Geospatial Services, Software Engineering, Cloud Technology (SaaS), and Software Integration. With over 20+ years working in the GIS industry, Nobel Systemsâ€™ continues to deliver real-world solutions that integrate with your existing network and devices, enabling the collection and sharing of data. Our Cloud solutions provide easy access to your
Cloud Computing Software
Provider of a big-data cloud solutions designed for smart infrastructure developers. The company specializes in developing cloud-based and big-data products including big data processing engine, cloud computing operation systems, and enterprise collaboration cloud platform, providing innovative data management and computing solutions for small and medium-sized enterprises and local governments involved in smart city development.
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.