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List of the largest SaaS companies in Korea

Top SaaS Companies in Korea

These are the top SaaS companies in Korea. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Korea by featuring these 11 companies with combined revenues of $6.5M.

Together, Korea SaaS companies employ over 109 employees, have raised $24.4M capital, and serve over 6M customers around the world.

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Highlights

Top SaaS Companies with $1 - $5M ARR


Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


02
C
Cemware

Information Technology & Services

Provider of a technical computing platform intended to offer online numerical calculation service. The company offers a SaaS-based software offering an online numerical calculation service without installing or updating any software and also provides technologies and products in a field of high-value control measuring system which needs advanced technology such as data processing, signal processing, automatic control, motor control and monitoring enabling the users calculate difficult numerical calculation online.

$840K
-
85K
10
2009
Korea
03
BOC
BusinessOn Communication

It Infrastructure Software

BusinessOn Communication Co Ltd is Software-as-a-Service company. The company provides services like electronic document distribution, electronic tax bill, integrated purchase management, electronic contract, purchase confirmation, default registration, online advertising services and other services.

$644K
-
4M
10
2007
Korea
04
H
Helpmonks

Collaboration & Productivity Software

Helpmonks is the collaborative email platform for your team

$600K
-
2K
5
2013
Korea
05
A
Additor

B2B Marketplace Platforms

Provider of collaborative knowledge library designed to transform the way people manage information. The company's library offer organizing and editing documents in different formats, enabling users to find, manage and share their information in less time.

$550K
-
-
7
2016
Korea
06
L
Lablup

Cloud Computing Software

Developer of a Paas platform for computing-based research designed to automate the process for cloud services, server maintenance and scaling for machine-learning environments that generally require a lot of system resources. The company's Paas platform, PaaS (Platform as a Service), is based on Docker technology, which efficiently provides multiple independent operating environments on a physical server, enabling users to train ML models and execute code on cloud or on-premises with ease.

$520K
-
-
6
2015
Korea
07
C
Cinescouter

Software As A Service Platform(Saas)

$440K
-
-
5
2019
Korea
08
AR
Arkimera Robotics

Process Automation Software

Developer of a cloud-based software robots designed to help accounting firms. The company's software robots is integrated with the ability to learn and perform repetitive tasks such as sorting of documents and manual entry of data, it's first product is AzoraOne, a self-learning accounting tool, enabling users to decrease the time spent on manual tasks such as sorting of document and entering of data.

$192K
-
-
3
2014
Korea
09
R
Rezi

Security Software

Create And Target Your Resume To Any Job With Rezi

$93K
-
150K
30
2015
Korea
10
mQ
mQment

E-Commerce Software

Give life to your site. Sell more. mQment is a SaaS solution for marketing teams and online retailers. It helps them react to their visitor's behaviors on their shop in real-time, with on-site messages. Just like a good seller in a brick-and-mortar shop we are identifying the state of mind of visitors : are they hesitant ? are they going to leave ? are they engaged ? Then we can personalize on the spot their online shopping experience to relieve their concerns with reassurance messages or commercial proposals. With a 5-minutes setup, no formation fees and a monthly subscription without commitment, we bring a powerful tool to small and mid-sized retailers that only the top brands were able to afford before. Oh and it's mobile ready.

$23K
-
-
1
2014
Korea
1 - 10 of 10

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.