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 28 companies with combined revenues of $134.6M.
Together, Hangzhou SaaS companies employ over 2K employees, have raised $0.0 capital, and serve over 110K customers around the world.
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, includ
Big Data Software
X TARGET is a DaaS data technology service provider in the retail industry.
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, automa
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 acc
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 da
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 collaborati
Provider of a merchant servicing platform intended to focus in the field of retail science and technology services. The company's platform helps to get a quick-start and offers to easily sell on social network and manage own omni-channel retail, enabling m
Developer of intelligent cloud computing platform and AI infrastructure based on container technology and artificial intelligence. The company's CaaS Platform utilizes efficient deep learning and data mining tools that to offer automatic anomaly detection,
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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.
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.