Top SaaS Companies in Riga

List of the largest SaaS companies in Riga, Latvia (Click to apply)

These are the top SaaS companies in Riga, Latvia. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Riga by featuring these 7 companies with combined revenues of $15.1M.

Together, Riga SaaS companies employ over 276 employees, have raised $0.0 capital, and serve over 0 customers around the world.

$0 - $1M ARR
  1. asya.ai $699.3K
  2. BranchTrack $122.8K
  3. inlable $63.7K
$1M - $5M ARR
  1. Zabbix $3.7M
  2. AGroup $2.2M
  3. DEAC $1.9M
$5M - $10M ARR
  1. Ask.fm $6.0M
$10M+ ARR
    1. 01
      Ask.fm

      Ask.fm

      Identity Management Software

      Ask.fm is a provider of an online social platform for people to address questions. The company's website allows its members to ask direct questions to other members either anonymously or with their name tag using messages or recorded videos. The company co

      $6M

      80

      2010

      Riga

    2. 02
      Zabbix

      Zabbix

      Development Software

      Provider of an enterprise-class open source monitoring platform. The company offers a range of professional services designed to fit every customer's business demands including implementation, integration, custom development and consulting services as well

      $4M

      73

      2005

      Riga

    3. 03
      AGroup

      AGroup

      HR Software

      $2M

      $2M

      30

      2008

      Riga

    4. 04
      DEAC

      DEAC

      Cloud Computing Software

      Operator of data centers in RÄ«ga, Latvia. The company's data centers services are powerful and provide beneficial business tools for customers by evaluating their business targets, resources and IT needs, enabling them to focus on their primary activities

      $2M

      57

      1999

      Riga

    5. 05
      asya.ai

      asya.ai

      Artificial Intelligence Software

      Developer of a mindful conversation application designed to help people improve their communication skills with real-time AI feedback. The company's application listens to the users' voice and provides analytics on the way they interact with others while a

      $699K

      9

      2018

      Riga

    6. 06
      Blue Bridge Technologies

      Blue Bridge Technologies

      It Infrastructure Software

      Developer of workflow automation technologies designed to focus on processing software for public and private sectors of healthcare and health insurance. The company's technologies used in business process modernization, service accessibility, as well as f

      $396K

      15

      2007

      Riga

    7. 07
      BranchTrack

      BranchTrack

      Customer Service Software

      Developer of a gamification platform designed to create interactive dialogs. The company's gamification technology allows building simulated dialogs for areas such as sales, customer care, negotiation, and interview situations through a drag and drop tool

      $123K

      6

      2012

      Riga

    8. 08
      Clusterpark

      Clusterpark

      Developer of a machine-generated data analytics software designed to visualize log data across timeline and any custom content. The company's GOL, a log data acquisition, storage, indexing, analysis and search application that easily navigates and search f

      $83K

      2

      2013

      Riga

    9. 09
      inlable

      inlable

      Developer of a labelling authenticity verification system created to fight the brand counterfeit and have full control over products movement within the supply chain. The company's system is based on the white light optical interferometry and blockchain, e

      $64K

      4

      2018

      Riga

    1-9 of 9

    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.