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List of the largest SaaS companies in Finland

Top SaaS Companies in Finland

These are the top SaaS companies in Finland. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Finland by featuring these 184 companies with combined revenues of $449.5M.

Together, Finland SaaS companies employ over 6K employees, have raised $417.2M capital, and serve over 97M customers around the world.

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Highlights

01
$73M
$27M
-
496
2011
Finland
02
S
Supermetrics

Collaboration & Productivity Software

Collect marketing data together.Marketing data.Gives marketers easy access to the data they need

$52M
$46M
18K
260
2010
Finland
03
E
Efecte

Identity Management Software

Efecte PLC is a Finnish software company. It provides cloud-based service and identity management software solutions, as well as related consultancy services. The products offered by the company include Federated Access Management, Identity Management, Finance Management and Request Fulfilment. The company's services include Professional Services, Training, Support and Operations and Consultancy Services.

$17M
-
300
106
1997
Finland
04
V
Valamis

Enterprise Software

Developer of software for digital learning. The company designs and develops software for digital learning. It also provides system development services including e-service technology, e-business, online shopping, data protection, responsive Web sites, industrial Internet applications and eLearning solutions.

$17M
-
-
202
2003
Finland
05
Q
Qvantel

Business Intelligence Software

Developer of mobile network management software intended to help telecom operators run their business efficiently for maximum profit and minimal maintenance. The company provides cloud-based, business support systems (BSS) and IT consulting services to the telecommunications industry. It offers customer management services, product management services, revenue management services for billing and monetization management. It also offers business-to-business (B2B) sales customer relationship management (CRM), prepaid integration, credit scoring and sales-force management tools.

$17M
-
55M
750
1995
Finland
06
V
Vainu

CRM and Related Software

Vainu collects company data

$14M
-
2K
160
2013
Finland
07
G
Gapps

Cloud Computing Software

Gapps is the fastest growing Google expert house.

$12M
-
-
34
2010
Finland
08
NR
N Rich

Information Technology & Services

N.Rich has developed a SaaS Account Based Marketing platform that uses Salesforce CRM as the key data source for targeting and analytics. N.Rich is evolving into being the central component of B2B customer engagement data for sales and marketing. Help the B2B marketers control their digital marketing data instead of relying on just 3rd party platforms like LinkedIn or Google. N.Rich enables clients to use CRM as the core marketing dataset by combining it with the overall digital buyer journey data.

$10M
-
-
122
2016
Finland
09
AO
Aureolis Oy

Business Intelligence Software

Aureolis is Finland's leading provider of data warehousing and business intelligence services.

$10M
$6M
-
111
2001
Finland
10
LD
LeadDesk

Application Development Software

Provider of an online sales platform designed to help businesses close more leads. The company's platform helps in multi-site monitoring and reporting, telemarketing and contact list management, enabling call centers and other businesses to work efficiently and increase their profit.

$9M
-
1K
104
2010
Finland
1 - 10 of 180Next

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.