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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 215 companies with combined revenues of $575.2M.

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

12
M
Monsido

Internet

Developer of a web governance software solution designed to give website visitors a superior browsing experience. The company's software offers an auditing tool that provides accurate and insightful information, enabling organizations to optimize their online presence and ensure compliance with legal requirements.

$9M
-
-
103
2014
Denmark
13
MP
MapsPeople

Enterprise Feedback Management Software

Provider of indoor navigation platform created for indoor navigation solutions. The company develops, implements and manages digital mapping solutions for private and public businesses, provides indoor navigation for large buildings, for instance, airports, convention centers, and more, enabling users to navigate through the diverse indoor environments in a convenient, effective, time-saving and hassle-free manner.

$8M
-
-
94
1997
Denmark
14
C
Contractbook

Business Management Software

Contractbook is a digital contract management platform where you can manage the entire lifecycle of your contracts in one flow.

$8M
$44M
65K
85
2016
Denmark
15
P
Penneo

Risk & Compliance Software

Operator of an innovative technology intended to offer cloud-based electronic signature software products. The company's technology help companies to procure legally binding documents from stakeholders, enabling users to have documents signed quickly, easily and securely.

$7M
$3M
2K
88
2013
Denmark
16
V
Visiopharm

Healthcare Software

Provider of image analysis and stereology software. The company provides software for quantitative microscopy within the life science industry. Its software combines the strengths of image analysis and stereology into one software platform, which is designed to operate on a wide variety of microscopes and virtual slide microscopes.

$6M
$16M
-
102
2001
Denmark
17
CL
ClickLearn

E-Commerce Software

ClickLearn is the market e-learning authoring solution for business applications.

$6M
-
-
25
2010
Denmark
18
S
Scanmarket

Supply Chain & Logistics Software

Scanmarket is a provider of a cloud-based SaaS suite within strategic sourcing software.

$6M
-
-
108
1999
Denmark
19
T
Tamigo

Information Technology & Services

Developer of a cloud-based workforce management platform designed to focus on the optimization of operations and staff management. The company's platform combines scheduling, absence management, performance, employee communication, HR, finance and forecasting, enabling clients to automate manual time-consuming processes and show relevant data to relevant people.

$6M
-
150K
74
2006
Denmark
20
QAQ
Quickorder Aps,Quickorder

Vertical Industry Software

Tech creating growth for restaurants.We turn visitors into regulars.We turn visitors into regulars

$6M
$6M
1K
60
2014
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.