Top SaaS Companies in Lithuania

List of the largest SaaS companies in Lithuania (Click to apply)

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 18 companies with combined revenues of $38.4M.

Together, Lithuania SaaS companies employ over 735 employees, have raised $500.0K capital, and serve over 500 customers around the world.

$0 - $1M ARR
  1. bitREC $1.0M
  2. Haslle $753.2K
  3. Web Robots $524.6K
  4. Wise Monks $502.5K
  5. SEARADAR $450.0K
$1M - $5M ARR
  1. Sender $1.2M
  2. Portal365 $1.2M
  3. Amberlo $1.1M
$5M - $10M ARR
  1. Affise $6.3M
$10M+ ARR
  1. Hostinger $19.8M
  1. 01
    Hostinger

    Hostinger

    Information Technology Software

    Hostinger is a professional web hosting provider that delivers free and premium web hosting services.

    $20M

    500

    2004

    Lithuania

  2. 02
    Affise

    Affise

    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

    $6M

    75

    2015

    Lithuania

  3. 03
    Blue Lime Labs

    Blue Lime Labs

    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 sa

    $4M

    50

    2015

    Lithuania

  4. 04
    Sender

    Sender

    Email Marketing Software

    Email Marketing Tool

    $1M

    5

    2012

    Lithuania

  5. 05
    Portal365

    Portal365

    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 indi

    $1M

    14

    2017

    Lithuania

  6. 06
    Amberlo

    Amberlo

    Software as a Service Platform(SaaS)

    Amberlo is a cloud-based law practice management software for growing law firms. It makes everyday activities – such as managing contacts & matters, organizing documents, time tracking, legal specific billing and planning daily activities for yourself &

    $1M

    13

    2008

    Lithuania

  7. 07
    bitREC

    bitREC

    Personalization and product recommendation platform for eTailers that are looking for non conventional ways to recommend products on site, mobile or emails

    $1M

    11

    2012

    Lithuania

  8. 08
    Haslle

    Haslle

    Accounting and Finance Software

    Company spending management solution that helps managers track their employees, teams and projects expenses as well as SaaS subscriptions while dramatically increasing control, transparency and team productivity.

    $753K

    9

    2019

    Lithuania

  9. 09
    Web Robots

    Web Robots

    Web Management Software

    Provider of next generation of web crawling technologies designed to offer data as a service (DaaS) platform for web data collection. The company's web crawling technologies are used in virtual robots that crawl websites and deliver desired contents as str

    $525K

    7

    2013

    Lithuania

  10. 10
    Wise Monks

    Wise Monks

    Software as a Service Platform(SaaS)

    WISE MONKS is a web application development company found in 2008.Company specializes in ERP (Enterprise Resource Planing) application, SaaS (Software as a Service), website development including e-commerce, business design and joint application developmen

    $503K

    6

    2008

    Lithuania

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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.