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 3 companies with combined revenues of $11.7M.
Together, Riga SaaS companies employ over 212 employees, have raised $0.0 capital, and serve over 0 customers around the world.
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
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
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
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
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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.