These are the top SaaS companies in Shenzhen, China. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Shenzhen by featuring these 24 companies with combined revenues of $136.4M.
Together, Shenzhen SaaS companies employ over 2K employees, have raised $0.0 capital, and serve over 11M customers around the world.
Casstime is an industrial internet company in China dedicated to serving the automotive aftermarket. Its business includes a trading platform for full coverage of spare parts, a SaaS management system for workshops, supplies chain finance, and logistic ser
Financial Services Software
Developer of a mobile payment platform designed to provide financial and life service entrepreneurial services. The company's mobile payment platform provides the operators with mobile payment provisions and services as well as Internet banking, marketing,
Project Management Software
GZY360 is a Chinese public project management and transaction platform.
AnyVision is an AI platform company that helps Fortune 500 brands create safer spaces for employees and customers.
Zhixueyun.com is an enterprise online learning platform.
Fangcang offers a SaaS-based platform for the hotel and travel industry. The company also offers supply docking services and distribution network docking services. FangCang is based in Xianglong, China.
Artificial Intelligence Software
Developer of an AI-enabled platform designed to provide business intelligence analysis. The company's platform features capabilities such as business identity comprehension and information analysis based on a talent database which helps to choose a better
Provider of e-commerce platform designed for home furnishings and accessories. The company's platform solves the problem of low-frequency drainage of household online shopping, the difficulty of burning money captures stable and accurate customer flow and
Data Integration Software
Smart Fabric is an Internet and enterprise that changes the textile production and trade process through the SaaS cloud ERP system. The Smart Fabric is based on the SaaS cloud ERP system and is engaged in the downstream end of the clothing. The customer or
Developer of network security software for enterprises. The company's products work to ensure the account security of enterprise clients through monitoring ip addresses and abnormal usage metrics, enabling users to enhance their technology security.
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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.