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List of the largest SaaS companies in Costa Rica

Top SaaS Companies in Costa Rica

These are the top SaaS companies in Costa Rica. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Costa Rica by featuring these 8 companies with combined revenues of $3.3M.

Together, Costa Rica SaaS companies employ over 67 employees, have raised $5M capital, and serve over 7K customers around the world.

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Highlights

Top SaaS Companies with $1 - $5M ARR


Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


02
RS
Riot Security

Security Software

Practical phishing training for your team

$686K
-
-
7
2020
Costa Rica
03
DM
Data Mechanics

Information Technology Software

The simplest way to run Apache Spark

$686K
-
-
7
2019
Costa Rica
04
S
Singularities

Supply Chain & Logistics Software

Provider of consumer behavior analysis services intended to offer research results on human behavior. The company's consumer behavior analysis services not only offer results on the formal theories and methods required to represent beliefs and their dynamics, but also on how efficiently it is able to respond to changes in the environment, enabling sales organizations to understand the consumer behaviors, decision patterns and beliefs of customers.

$431K
-
-
7
2012
Costa Rica
05
F
Fondo

Business Development Software

Bookkeeping and tax for startups.

$294K
-
100
3
2018
Costa Rica
06
MM
MerryMint

Event Management Software

Team building for remote teams

$98K
-
-
1
2014
Costa Rica
07
PMHQ
Product Manager HQ

Promotional Product Management Software

Community for Product Managers

$72K
-
7K
5
2014
Costa Rica
08
A
Adapty

Digital Advertising Platforms

Grow mobile in-app subscriptions

$10K
$500K
200
15
2019
Costa Rica
1 - 8 of 8

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.