These are the top SaaS companies in Limassol, Netherlands. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Limassol by featuring these 2 companies with combined revenues of $1M.
Together, Limassol SaaS companies employ over 23 employees, have raised $0 capital, and serve over 0 customers around the world.
Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.
Developer of web shipmanagement software designed to facilitate communication between several actors in de port industry. The company's software platform connect managing companies and shipowners to their vessels and crew and offers collaboration, empowering, fully managed, personnel management, graphical planner, vessel management, crew changes, crew payroll, custom PDF report generation, analytics, certificate management and custom system and also support businesses in re-thinking and improving their workflows, enabling businesses digitize their workflow, cut costs and improve budgeting and productivity.
Information Technology Software
Developer of a SaaS-based end-to-end electronic forex trading platform. The company's specialization lies in the field of trading platform design and integration, providing seamless FX services to the finance and banking industry, enabling clients to achieve the competitive advantage needed to succeed against the competitors.
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.