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List of the largest SaaS companies in Denmark

Top SaaS Companies in Denmark

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 214 companies with combined revenues of $573.2M.

Together, Denmark SaaS companies employ over 7K employees, have raised $1.3B capital, and serve over 25M customers around the world.

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Highlights

01
$102M
$180M
-
789
2007
Denmark
02
P
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
03
A
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 advertisers to help companies to reach their digital advertising potential.

$41M
$28M
-
687
2002
Denmark
04
I
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
05
KI
KeepIt

Cloud-Based Software

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

$18M
$41M
-
202
2007
Denmark
06
D
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 directly from browser.

$17M
$158M
1K
300
2015
Denmark
07
GT
GlobeTracker

Supply Chain & Logistics Software

Provider of data tracking services designed to remotely track, monitor and maintain supply chain assets. The company's data tracking services specializes in supply chain visibility telematic services, enabling customers to drive ROI benefits, improve performance, increase customer retention and add new revenue streams in key supply chain verticals, all integrated into a single integrated platform.

$14M
$11M
-
43
2007
Denmark
08
T
Templafy

Document Management

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 each stage of the document creation workflow, delivering productive, compliant and enjoyable ways of working in office applications. It’s a solution that communications and compliance teams can control, IT can trust, and employees love using. Founded in Copenhagen, Denmark in 2014, Templafy’s team leveraged more than 15 years of experience in template management and document automation to develop a cloud service solution now used by enterprise customers from all industries. Templafy’s offices are currently located in New York, Copenhagen, Berlin and Eindhoven, representing 40+ nationalities, and the Templafy team serves customers all over the world.

$11M
$242M
600
366
2014
Denmark
09
C
Clever

IOT software

CLEVER is the leading electric mobility service provider in Scandinavia.

$11M
-
-
46
2009
Denmark
10
Q
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
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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.