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List of the largest SaaS companies in Croatia

Top SaaS Companies in Croatia

These are the top SaaS companies in Croatia. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Croatia by featuring these 17 companies with combined revenues of $177.5M.

Together, Croatia SaaS companies employ over 1K employees, have raised $585.9M capital, and serve over 93K 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
ING
IN2 Group

Development Software

Provider of software as a service. The company provides computer software, supplies and services.

$29M
-
-
327
1992
Croatia
03
S
Serengeti

Office Software

It was founded in 2007 and has been continuously growing in terms of revenue, employee count, and level of expertise. Because of our distinctive engagement model, we have become a valued partner for companies in financial, logistics, energy, healthcare, and industrial manufacturing.

$8M
-
-
121
2007
Croatia
04
O
Oradian

Retail Software

Developer of a cloud-based microfinance software created to empower the delivery of financial services to the underserved and unbanked. The company's microfinance software provides micro finance Institutions (MFIs) in countries with underdeveloped banking infrastructure with a finance management platform for personal banking. Its technology platform allows to grow and provide new functionality quickly and easily for the customers and assist in the uses of technology and guide them through the implementation process, using time-tested training and change management processes, enables microfinance institutions, co-operatives and credit unions to serve the most rural clients affordably and effectively.

$7M
-
-
86
2012
Croatia
05
M
Microblink

Development Software

Microblink is a research and development company focused on machine vision technology for mobile devices.

$7M
-
55K
61
2013
Croatia
06
AMODO
AMODO

nformation Technology & Services

Developer of an insurance telematic platform designed to build direct digital channels and create new products. The company's online car insurance telematic platform leverages driving analytics and generates advanced driving behavior and driving pattern reports along with holistic customer profiles to provide insights into customer risk exposure and product needs, enabling insurance companies in the area of mobility to create and deliver a new generation of products and address new market segments.

$4M
-
-
45
2013
Croatia
07
W
Worcon

Manufacturing

B2B marketplace & industry magazine connecting industry buyers with suppliers in manufacturing & CNC machining industry.

$1M
-
334
13
2017
Croatia
08
MR
MyRent

Enterprise Software

$633K
-
150
8
2015
Croatia
09
Z
Zipato

Security Software

Developer of a cloud based home automation system designed to provide home security services. The company's system provides extensive monitoring and alerting services in case of fire, burglary, flood or gas leakage and facilitates complete control over home's security, irrigation, lights, appliances and more, enabling users to control their home from anywhere, automate all devices, see what's going on when they are away and get instant alerts in case of any security or safety issue.

$507K
-
20K
17
2010
Croatia
10
SP
StoryPad

Software as a Service Platform(SaaS)

StoryPad is the new cloud start-up which dramatically changes the storytelling process to customers through tablets (iPad and Android). Up until now everyone presented their company and ideas through static presentations, brochures and other promotional materials with no feedback, which is ineffective and expensive.StoryPad allows to integrate all of your promotional materials including PDFs, PPTs and other formats to your tablet which you can later on present to your customers and know the real feedback from those presentations.

$386K
-
-
6
2015
Croatia
1 - 10 of 16Next

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.