These are the top SaaS companies in Galway, Ireland. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Galway by featuring these 9 companies with combined revenues of $4.1M.
Together, Galway SaaS companies employ over 80 employees, have raised $0 capital, and serve over 1M customers around the world.
Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.
Process Automation Software
Developer of digital appraisal software designed to simplify and speed up up the car appraisal process. The company's cloud-based software tool captures vehicle details quickly and accurately through a guided step by step process and the appraisal reports are sent securely to the manager via a mobile application, enabling clients to remove the time consuming and error susceptible paper method of evaluation.
It Management Software
Developer of a visual, map-based soil management system designed to track soil conditions and optimize the supply chain of crops. The company's system works in coordination with mobile applications and an IoT dashboard that tracks changes across a food supply chain, monitors soil status and forms a digital chain of custody, from soil to supermarket and combine GPS and cloud-based technologies to allow full geo-location of the source of environmental samples such as soil or water, enabling large food and agribusinesses, agri and environmental consultants and environmental laboratories manage and optimize agricultural produce, facilitate supply chain management and ensure compliance with environmental legislation.
Developer of a cloud hosted eProcurement software designed to help organizations understand and take steps to capitalise on data. The company's eProcurement software allows the data to be cleansed, classified, enriched and organised, enabling businesses to generate more revenue, cut costs and understand more about their market and competition.
Developer of an educational platform designed to provide online preparatory classes. The company's platform provides mock tests, model question papers and exam papers, enabling students to get a range of services, from premium revision notes and sample answers to exam papers and useful study advice.
Data Science And Machine Learning Platforms
Developer of a customer engagement platform intended to offer smarter interactions with online customers and prospects. The company's customer engagement platform uses predictive analytics to make voice, video and chat interactions and uses data analytics and machine learning to improve customer-to-company interactions, enabling enterprises to efficiently grow revenue, saving time and money while making customers happy.
Developer of a business ecosystem modeling platform intended to expedite enterprise digital transformation. The company's platform enhances cross-organizational productivity and collaboration, organizes and visualizes complex information for delivering new and innovative digital services, enabling businesses to design and manage new business models and ecosystems.
Developer of consent management software designed to track complex data-sharing agreements and transactions. The company's software manage granular consent for data sharing securely in real time and obtains, verifies and matches consent without recording, storing or monetizing sensitive credentials and also delivers state-of-the-art security and encryption for the entire consent management process, enabling companies to obtain, verify and match data-rich consent transaction by transaction with audit trails for compliance, dispute resolution and analytics.
Provider of electronic Certificates of Origin (eCOs). The company provides Certificate of Origin and other documentation and certification services to exporters around the world through a cost-effective, scalable and on-demand system that adds real value to the administration and exporting activities of these companies by enabling them to save time, save money and enhance efficiency and productivity.
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.