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.
Collaboration & Productivity Software
Collect marketing data together|Marketing data
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
CRM and Related Software
Vainu collects company data
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
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
Aureolis is Finland's leading provider of data warehousing and business intelligence services.
Cloud Computing Software
Gapps is the fastest growing Google expert house.
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
Innovation Intelligence Software
Virta is the innovation leader in electric vehicle charging services
Content Marketing Software
The Lead-Driven Marketing platform, turning passive website visitors into leads, in interactive and friendly ways.
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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.
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.