These are the top SaaS companies in Lithuania. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Lithuania by featuring these 37 companies with combined revenues of $61.1M.
Together, Lithuania SaaS companies employ over 1K employees, have raised $7.9M capital, and serve over 95M customers around the world.
Top SaaS Companies with $10M+ ARR
Information Technology Software
Hostinger is a professional web hosting provider that delivers free and premium web hosting services.
B2B Marketplace Platforms
Developer of a designing software intended to automate the designing of solar power plants. The company's Autocad plugin-software utilizes proprietary algorithms for analyzing terrain topography automates 3D terrain based solar engineering, enabling designers to perform a number of simulations while evaluating peculiarities of the terrain and select the best place and configuration of a solar power plant.
Digital Advertising Platforms
Developer of marketing platform intended to manage, track, analyze and optimize online advertising campaigns. The company's platform offers configurable dashboards, smart targeting and cap system, multicurrency, flexible payouts, anti-fraud protection, cr optimization and automatic transfer of offers, enabling businesses to easily manage and analyze the projects.
Financial Services Software
Blue Lime Labs co-creates start-ups by investing required product development resources and capital to firmly enter the market. We invest in great people with innovative B2B ideas that can be sold globally. Blue Lime Labs is also constantly looking for sales oriented entrepreneurs with our without ideas having the drive and commitment to create a B2B venture from zero to one.
B2B Marketplace Platforms
Owner and operator of a data analytics and technology company. The company develops a platform for machine-learning algorithms and tools that address sales and marketing challenges including churn and usage prediction, product recommendations, segmentation and pricing patterns.
Digital Marketing Solutions
Developer of a social recruitment system platform designed to provide new and innovative recruitment process. The company's platform allows firms to introduce candidates to their specific job and future colleagues, enabling employees to share advertisement in the social advertising networks.
NO-CV is an innovative recruitment app that simplifies job search, selection and employment process For Employers and job seekers.
Real Estate Software
Provider of an online platform created for designing floor plans and interior designs. The company's platform helps users to create their own interior and landscape designs with no training or special skills in 2D mode and then take a virtual walk through a 3D model of the design, enabling users to visualize their designs and create their own custom designs.
Email Marketing Software
Email Marketing Tool
Data Science and Machine Learning Platforms
Developer of software solutions designed to help in grant writing and projects management for NGOs. The company's platform offers drag and drop tools for writing a proposal to integrate and assign tasks to the staff, keeps track of your activities and indicators progress with auto-generated and detailed reports, helping organizations to improve their quality of work by smart and easy reporting.
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.