Top SaaS Companies in Finland

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

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 69 companies with combined revenues of $194.6M.

Together, Finland SaaS companies employ over 2K employees, have raised $25.1M capital, and serve over 41K customers around the world.

$0 - $1M ARR
  1. Agilefant $1.0M
  2. Flowdock $1.0M
  3. Sympa-HR $990.0K
  4. Taika3D Oy $913.1K
  5. Ninchat $840.0K
$1M - $5M ARR
  1. Frosmo $3.5M
  2. Oneio $3.5M
  3. Timma $3.3M
$5M - $10M ARR
  1. Gapps $9.1M
  2. LeadDesk $8.7M
$10M+ ARR
  1. Valamis $17.0M
  2. Vainu $14.4M
  3. Efecte $12.3M
  4. N Rich $10.2M
  1. 01
    Supermetrics

    Supermetrics

    Collaboration & Productivity Software

    Collect marketing data together|Marketing data

    $37M

    $44M

    15K

    130

    2010

    Finland

  2. 02
    Valamis

    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, ind

    $17M

    202

    2003

    Finland

  3. 03
    Vainu

    Vainu

    CRM and Related Software

    Vainu collects company data

    $14M

    2K

    160

    2013

    Finland

  4. 04
    Efecte

    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, Fin

    $12M

    147

    1997

    Finland

  5. 05
    N Rich

    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 t

    $10M

    122

    2016

    Finland

  6. 06
    Aureolis Oy

    Aureolis Oy

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

    $10M

    $6M

    111

    2001

    Finland

  7. 07
    Gapps

    Gapps

    Cloud Computing Software

    Gapps is the fastest growing Google expert house.

    $9M

    38

    2010

    Finland

  8. 08
    LeadDesk

    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 efficientl

    $9M

    104

    2010

    Finland

  9. 09
    Liikennevirta

    Liikennevirta

    Innovation Intelligence Software

    Virta is the innovation leader in electric vehicle charging services

    $8M

    90

    2013

    Finland

  10. 10
    Leadoo Marketing Technologies

    Leadoo Marketing Technologies

    Content Marketing Software

    The Lead-Driven Marketing platform, turning passive website visitors into leads, in interactive and friendly ways.

    $6M

    $10M

    67

    2018

    Finland

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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.