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.
Information Technology Software
Hostinger is a professional web hosting provider that delivers free and premium web hosting services.
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
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
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 indi
Software as a Service Platform(SaaS)
Amberlo is a cloud-based law practice management software for growing law firms. It makes everyday activities â€“ such as managing contacts & matters, organizing documents, time tracking, legal specific billing and planning daily activities for yourself &
Personalization and product recommendation platform for eTailers that are looking for non conventional ways to recommend products on site, mobile or emails
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.
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
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
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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.