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List of the largest SaaS companies in Luxembourg

Top SaaS Companies in Luxembourg

These are the top SaaS companies in Luxembourg. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Luxembourg by featuring these 23 companies with combined revenues of $54.7M.

Together, Luxembourg SaaS companies employ over 789 employees, have raised $25M capital, and serve over 2K customers around the world.

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Highlights

Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


01
$25M
$10M
1K
399
2009
Luxembourg
02
E
Eurosender

Supply Chain & Logistics Software

Operator of a technology-driven 3PL (Third Party Provider) platform designed to offer door to door logistics and shipping services. The company's technology-driven 3PL (Third Party Provider) platform provides instant price calculations for European door-to- door delivery services for various items such as luggage, packages, parcels, sporting equipment and more, enabling customers to access a more organized, user-friendly and cost-effective approach to logistics.

$6M
$755K
-
69
2014
Luxembourg
03
OAT
Open Assessment Technologies

Education Software

Developer of an open source assessment platform designed to facilitate the creation and delivery of effective and engaging computer-based tests online. The company's platform supports a wide range of question types from simple multiple-choice items to complex problem solving which can be easily deployed on any scale whether within a classroom or across multiple continents, enabling test sponsors to deliver tests across locations and organizations.

$6M
-
-
84
2013
Luxembourg
04
NGT
Next Gate Tech

Information Technology & Services

Next Gate Tech is a Luxembourg based, data-driven FundTech that provides innovative Software-as-a-Service solutions for the asset management industry. Our mission is to enhance the Fund industry technology, thanks to machine learning, data analytics, and smart automation. We capitalize on the rapid emergence of cloud-based computing frameworks to offer fast, accurate, and robust solutions to our clients. We provide intelligent, adaptive, and dynamic automation solutions through a web platform to help industry players manage middle and back-office processes.

$4M
-
-
16
2019
Luxembourg
05
NM
NoMachine

Information Technology Software

Developer of a secure remote desktop access software designed to host and deliver desktop deployment applications. The company's software offers remote desktop access to roaming workforce, network computing services through a desktop consolidation tool, remote connectivity to both consumers and business, delivering desktop applications to users over any network, enabling users to create, manage and operate desktop applications.

$3M
-
-
59
2003
Luxembourg
06
DOCTENA
DOCTENA

Internet

Doctena is a provider of a medical appointment platform. The company offers an online platform for patients that find practitioners and organizes an appointment with them. It aims to become the central tool, through which patients and doctors would engage and exchange in the new Digital Healthcare world. Doctena was founded in 2013 and is headquartered in Luxembourg, Luxembourg.

$3M
-
-
35
2013
Luxembourg
07
ETAI
EmailTree AI

Artificial Intelligence Software

Reinvent the customer experience with an intelligent end-to-end customer service automation.

$3M
$5M
-
30
2019
Luxembourg
08
n
neon marketing technology

Information Technology & Services

We help companies and institutions in Luxembourg to improve their digital, online, and social media presence, with the long term goal of making our clients independent in terms of online marketing. 
At the same time we are developing neontools.io, an online marketing toolbox, as well as neonacademy.io, a video learning platform. The 2 platforms aim to make state-of-the-art, professional marketing education and a hands-on starter toolbox available to as many people as possible.

$1M
-
-
15
2018
Luxembourg
09
G
Governance.com

Information Technology Software

Developer of an enterprise platform intended to provide digital governance solutions. The company's offerings include a suite to centralize data and documents from core systems, file folders, spreadsheets, external providers and any other source, enabling its clients to understand data, automate processes and record actions.

$895K
$8M
-
26
2011
Luxembourg
10
LD
LevaData

Process Automation Software

Augmented Reality and BIM based Construction Site Management

$588K
$1M
-
6
2019
Luxembourg
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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.