These are the top SaaS companies in Xiamen, China. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Xiamen by featuring these 9 companies with combined revenues of $3M.
Together, Xiamen SaaS companies employ over 49 employees, have raised $2.2M capital, and serve over 0 customers around the world.
Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.
Cloud Computing Software
iweizhu is a small and medium-sized property SaaS service platform
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Developer of a Chinese career planning education platform for middle school students. The company is committed to use information technology, big data analysis and professional psychometrics, career planning research and development technology to provide career planning education service to middle school students.
Artificial Intelligence Software
Provider of big data technology and application service. The company's enterprise intelligent transportation and travel platform leverages artificial intelligence (AI) and big data of airlines, airports, as well as operators to automatically make predictions and establish models through multiple intelligent agents. It also creates a data analysis system based on large scale graph mining and provides the passengers' portraits and precise marketing scene design for airlines and related industries.
Provider of internet education platform specializing in K12 education. The company's platform uses integrated curriculum development, education technology, and effective operation services to provide students with scientific solutions to learn Chinese subject, enabling users to receive high-quality education service and improve their learning efficiency.
Supply Chain & Logistics Software
Developer of online logistics application intended to streamline supply chain operations. The company's suite of software services features vendor quotation, customs clearance management, product inspection, in-land transportation, and real time updates of cargo arrival status to exporters, freight forwarders, and importers that serve both sides of the global logistics chain, enabling them aggregate the essential information on a common online platform and allowing logistics companies to improve their workflow and make the best choice of effortless supply chain operations.
Provider of video conferencing service designed to provide online meeting solutions for small to medium sized companies. The company's products integrates software and hardware system to deliver functionalities such as all-in-one HD video conferencing, cloud conference room, and bidirectional microphone, enabling enterprises to hold remote meeting with reduced cost and increased efficiency.
Delivery Service Software
Developer of an online community service platform designed to serve in community delivery needs. The company uses SaaS platform to provide one-stop community services such as express delivery, merchant online platform and light logistics distribution service, enabling clients to conveniently receive their delivery and improve distribution efficiency.
Artificial Intelligence Software
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.