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There are 65 in Colombia. They have $196.6M combined revenue and employ 5K people. See the full list here including CEO email.

Top SaaS Companies in Colombia

These are the top SaaS companies in Colombia . In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Colombia by featuring these 65 companies with combined revenues of $196.6M.

Together, Colombia SaaS companies employ over 5K employees, have raised $138.3M capital, and serve over 176K customers around the world.

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Highlights

Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


02
FI
Frubana Inc

B2B Marketplace Platforms

$37M
1K
2018
$102M
2K
Colombia
03
S
Siigo

Financial Services Software

$20M
-
1988
-
885
Colombia
04
OIT
O4IT

Cloud Computing Software

$9M
-
2005
-
118
Colombia
05
IDD
ID2 Digital

Content Management Systems

$4M
-
2006
-
49
Colombia
06
V
Vozy

Artificial Intelligence Software

$4M
-
2016
$1M
75
Colombia
07
BEWE
BEWE

ERP Software

$4M
-
2015
$7M
74
Colombia
08
L
Loggro

Financial Services Software

$3M
15K
2015
-
38
Colombia
09
d
doc-doc

Healthcare Software

$3M
30K
2019
$530K
43
Colombia
10
SQ
SmartQuick

Other Software

$2M
-
2014
-
28
Colombia
11
B
Banlinea

Financial Services Software

$2M
-
2011
-
26
Colombia
12
W
Wihom

Financial Services Software

$2M
-
2021
$425K
19
Colombia
13
TAPP
TiendAPP

Other Software

$2M
35K
2016
$50K
47
Colombia
14
A
Acsendo

HR Software

$2M
-
2008
$1M
76
Colombia
15
V
Veris

Other Software

$2M
-
2016
-
32
Colombia
16
M
Makrwatch

Marketing Software

$2M
-
2015
-
19
Colombia
17
t
treble.ai

Artificial Intelligence Software

$2M
-
2019
$15M
19
Colombia
18
BC
B2Chat

Artificial Intelligence Software

$1M
500
2017
$1M
48
Colombia
19
N
Nominapp

ERP Software

$1M
-
2016
-
19
Colombia
20
O
Operad

Analytics Software

$1M
-
2008
-
38
Colombia
1 - 20 of 65

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.