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List of the largest SaaS companies in Helsinki, Finland

Top SaaS Companies in Helsinki

These are the top SaaS companies in Helsinki, Finland. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Helsinki by featuring these 74 companies with combined revenues of $240.1M.

Together, Helsinki SaaS companies employ over 3K employees, have raised $354.1M capital, and serve over 81M customers around the world.

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Highlights

Top SaaS Companies with $10M+ ARR


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
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
04
SSHCS
SSH Communication Security

Security software

SSH Communications Security Oyj is a Finland-based company. It is a provider of enterprise cybersecurity solutions that monitor, control, and automate trusted access to critical data. The company provides software, professional services, and recurring services. The recurring service generates maximum revenue for the company. Its products consist of the crypto auditor, tectia ssh, and others. Geographically, the company provides its services to America, Europe, the Middle East and Africa (EMEA), and others. The America region generates maximum revenue for the company.

$8M
$17M
3K
135
1995
Finland
05
N
Nosto

Analytics Software

Provider of a SaaS based personalization software designed to make online shopping more enjoyable by delivering customers personalized shopping experiences. The company's personalization software is available to online retailers without requiring any back-end integration and delivers customers personalized shopping experiences at every touch point, across every device, empowering retailers to build, launch and optimize 1:1 multi-channel marketing campaigns without the need for dedicated IT resources.

$8M
$16M
3K
133
2011
Finland
06
Y
Yousician

Education Software

Developer of a mobile, desktop and web applications designed to offer interactive music instrument learning experience. The company's education platform offers anyone to learn, play, create and teach music, enabling users to shape the content themselves.

$7M
$33M
20M
139
2010
Finland
07
UC
UpCloud

Cloud Computing Software

Developer of cloud-based servers designed to offer data related services. The company's servers specialize in cloud hosting that offer an hourly billed infrastructure-as-a-service for enterprise customers, enabling clients to run critical web applications on a cloud platform and promote efficiency in their performance.

$6M
$27M
-
74
2011
Finland
08
J
Jobilla

HR Software

Provider of an online platform designed to offer recruitment services. The company's platform offers recruiting and employer branding software, enabling businesses to attract high-quality candidates at a fraction of the cost of other channels.

$6M
$855K
17K
27
2014
Finland
09
H
Happeo

Cloud Computing Software

Developer of a digital workplace platform designed to empower internal communicators to connect with employees. The company's platform helps users to manage calendar, files, conferencing and projects, even CRM and HR-systems, enabling the employer to enrich knowledge sharing and social networking features directly driving engagement, productivity and an enjoyable employee experience.

$5M
$20M
-
75
2016
Finland
10
M
Midaxo

Cloud Computing Software

Provider of a cloud-based platform designed to manage merger and acquisition pipelines. The company's cloud-based platform offers a single point storage where all relevant documents, findings and communications are stored securely from which information can extracted any point of time and it required no training or implementation, enabling businesses to grow with the help of informed decision through mergers.

$4M
$22M
300
57
2011
United States
1 - 10 of 72Next

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.