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List of the largest SaaS companies in Mexico

Top SaaS Companies in Mexico

These are the top SaaS companies in Mexico. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Mexico by featuring these 110 companies with combined revenues of $267.1M.

Together, Mexico SaaS companies employ over 3K employees, have raised $471.7M capital, and serve over 3M customers around the world.

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Highlights

11
$4M
-
-
46
2017
Mexico
12
L
Localadventures

Travel Software

Experiences that changes your life with local experts

$4M
-
-
14
2016
Mexico
13
B
Boletia

Event Management Software

Provider of an event management platform designed to help event organizers to sell their tickets. The company's platform offers conference management including accreditation, registration, collection and selling tickets, enabling event organizers to sell through local convenience stores, which is a popular way of purchasing tickets.

$3M
-
-
37
2012
Mexico
14
BERP
Bind ERP

Accounting and Finance Software

Developer of cloud-based ERP tools for SMEs created to improve the management of companies in Mexico. The company's cloud ERP system is a simple software to manage every aspect of business from purchasing and investory to accounting and sales in real time, enabling SMEs to manage all their prosesses from anywhere, without any integrations or extra costs and improve their administation and boost their growth.

$3M
-
6K
37
2014
Mexico
15
D
Descifra

Big Data Software

Descifra uses Big Data and Machine Learning to solve location problems and predict client's sales, helping them create better strategies.

$3M
-
-
35
2012
Mexico
16
PS
Parrot Software

Information Technology & Services

Parrot Software helps restaurants migrate their systems to their own platform to provide the latest technologies, like automates sales.

$3M
-
-
31
2020
Mexico
17
S
Simpo

Software As A Service Platform(Saas)

Developer of an online search engine platform designed to help users type and order web applications to perform tasks. The company's platform offers an artificial intelligence-based tool search box that does exactly what users need while also providing user and product insights to the company, enabling users to find things as per their requirements.

$2M
$5M
-
37
2016
Mexico
18
A
Alana

Conversational Intelligence Software

Helping large companies in LATAM hire blue-collar workers

$2M
-
-
25
2019
Mexico
19
OS
Orion Startups

Analytics Software

Orion Startups is a business accelerator/incubator and investment program for IT early stage companies. It is also a seed investment fund for early stage startups, based in Chihuahua, Mexico, inside the Innovation and Tech Transfer Park in Tecnologico de Monterrey, Campus Chihuahua. The startups get access to office space with internet connectivity, meeting rooms and other facilities, where many other companies and entrepreneurs interact and develop their technological projects. The accelerator and the fund are two separate and independent entities, working together with each company to provide the funding and acceleration program. Their goal is to take companies from the concept to a capital access position in a 5 months program. It wants the 70% of companies accelerated access to angel capital, venture capital or be acquired. They provide startup talks and conferences, the entrepreneurs receive useful information and knowledge that can be applied to their companies. The various topic

$2M
-
750
27
2014
Mexico
20
K
Kikoya

Computer Software

kikoya es una plataforma originación de crédito. Ayudamos a nuestros clientes (Sofomos, SAPIS, Cajas y otros) a originar como las mejores Fintech. Somos una plataforma SaaS, por lo que nuestros clientes solo pagan una renta mensual por lo que usan, ahorrando en costos de, servidores, seguridad y mantenimiento.

$2M
-
-
25
2015
Mexico
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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.