Top SaaS Companies in Denmark

List of the largest SaaS companies in Denmark (Click to apply)

These are the top SaaS companies in Denmark. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Denmark by featuring these 189 companies with combined revenues of $545.1M.

Together, Denmark SaaS companies employ over 7K employees, have raised $3.4M capital, and serve over 24M customers around the world.

$0 - $1M ARR
  1. ASA Software $908.5K
  2. Secunia $885.4K
  3. TalentHub $857.9K
  4. Plytix $840.2K
  5. Lendino $835.9K
$1M - $5M ARR
  1. Capmo $3.9M
  2. TimeLog $3.8M
$5M - $10M ARR
  1. Queue-it $9.6M
  2. eloomi $9.3M
  3. Monsido $8.7M
$10M+ ARR
  1. Trustpilot $102.0M
  2. Peakon $50.0M
  3. Adform $41.1M
  4. Itadel $18.6M
  5. KeepIt $18.2M
  1. 01
    Trustpilot

    Trustpilot

    Enterprise Feedback Management Software

    Developer of a SaaS independent online review platform designed to make the Internet economy more transparent. The company's online review platform connects businesses with customers by collecting reviews, automate a review collection process, gather and m

    $102M

    $180M

    789

    2007

    Denmark

  2. 02
    Peakon

    Peakon

    Talent Management Software

    Peakon is an employee success platform that converts feedback into insights you can put to work.

    $50M

    $71M

    273

    2014

    Denmark

  3. 03
    Adform

    Adform

    Information Technology Software

    Developer of a digital advertising platform designed to make digital advertising simple, relevant and rewarding. The company's platform offers campaign planning, ad serving, optimization, analytics, reports and much more, enabling media agencies and advert

    $41M

    $28M

    687

    2002

    Denmark

  4. 04
    Itadel

    Itadel

    Cloud Computing Software

    Provider of web hosting, IT infrastructure and IT outsourcing services. The company engages in managed hosting and cloud services for medium-sized and large companies in Denmark and the Nordic countries.

    $19M

    247

    2000

    Denmark

  5. 05
    KeepIt

    KeepIt

    Keepit provides cloud backup and SaaS workload protection services for Office 365, Google Apps, and Salesforce.

    $18M

    $41M

    202

    2007

    Denmark

  6. 06
    Dixa

    Dixa

    Computer Software

    Provider of a customer friendship platform intended to help customers get what they want. The company's platform uses telephony, email and chat powered by human and artificial intelligence, enabling delivery of personal support on phone, email and chat dir

    $16M

    $158M

    6K

    192

    2015

    Denmark

  7. 07
    Templafy

    Templafy

    Governance|Risk & Compliance Software

    Templafy is a fast-growing B2B Software-as-a-Service company, helping more than 1.5 million users improve productivity, branding, and compliance across business documents, presentations, and emails. Templafy’s platform assists enterprise employees in

    $11M

    $121M

    600

    366

    2014

    Denmark

  8. 08
    Clever

    Clever

    IOT software

    CLEVER is the leading electric mobility service provider in Scandinavia.

    $11M

    46

    2009

    Denmark

  9. 09
    Queue-it

    Queue-it

    Web Management Software

    Prevent website & app overload with Queue-it's virtual waiting room software-as-a-service. Mitigate web traffic peaks by offloading excess visitors to an online queue. Protect your online business while providing a fair user experience with Queue-it.

    $10M

    106

    2010

    Denmark

  10. 10
    eloomi

    eloomi

    Computer Software

    eloomi is a software tool that simplifies training and people development in corporates.

    $9M

    $79M

    500

    111

    2015

    Denmark

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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.