Top SaaS Companies in Oslo

List of the largest SaaS companies in Oslo, Norway (Click to apply)

These are the top SaaS companies in Oslo, Norway. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Oslo by featuring these 30 companies with combined revenues of $2.4B.

Together, Oslo SaaS companies employ over 7K employees, have raised $0.0 capital, and serve over 1M customers around the world.

$0 - $1M ARR
  1. ayfie Group $992.4K
  2. Domos Labs $958.5K
  3. Meshcrafts $936.5K
  4. RAZAM $812.7K
  5. HelloGbye $718.8K
$1M - $5M ARR
  1. Holte $3.0M
  2. Autogear $2.8M
  3. Motimate $2.7M
  4. Numascale $1.8M
$5M - $10M ARR
$10M+ ARR
  1. Visma $2.2B
  2. Gelato $75.0M
  3. Confirmit $24.5M
  1. 01
    Visma

    Visma

    Crm And Related Software

    Visma is a provider of information technology services for finance, accounting and administration purpose. The company offers financial software, productivity software, ERP software, customer relationship management software, payroll software, HRM software

    $2B

    $151M

    1M

    6K

    2009

    Oslo

  2. 02
    Gelato

    Gelato

    Content Marketing Software

    Developer of a cloud-based printing platform designed to connect print houses all over the world to one print cloud. The company's cloud-based printing platform provides print and logistic services as per users demand and request, enabling individuals, des

    $75M

    $29M

    163

    2007

    Oslo

  3. 03
    Confirmit

    Confirmit

    Customer Service Software

    Confirmit is a provider of innovative technological services to market research agencies. It offers online survey technology and research management software. Its software optimizes a broad range of functionality and provides services to positively influen

    $25M

    402

    1996

    Oslo

  4. 04
    Documaster

    Documaster

    Document Management

    It’s time to get organized! Documaster gives a complete overview, and makes it easy to tag, store and find documentation.

    $9M

    $17M

    97

    2014

    Oslo

  5. 05
    Neptune Software

    Neptune Software

    Professional Services Providers

    Developer of business management application and software suits. The company's software as a service platform helps organizations design and deploy applications for their SAP systems thus enabling them to accelerate their enterprise application development

    $6M

    $8M

    83

    2011

    Oslo

  6. 06
    Holte

    Holte

    Construction Software

    Provider of a Web-based platform intended to facilitate management of construction projects. The company's Web-based platform integrates with a paperless trade system that stores and organizes construction project documents, tracks project deals, sends ale

    $3M

    128

    1977

    Oslo

  7. 07
    Autogear

    Autogear

    Software As A Service Platform(Saas)

    Autogear is a hardware enabled SaaS company operating in the intersection between connected cars and expense management. We provide automatic mileage tracking for people who use their own car at work, so they get maximum mileage reimbursement without takin

    $3M

    35

    2006

    OSLO

  8. 08
    Motimate

    Motimate

    Education Software

    Developer of a Saas based platform designed for human resource management. The company's platform simplifies internal communication and aims at cultural development enabling clients to increase their sales and refine employee training.

    $3M

    $2M

    43

    2016

    Oslo

  9. 09
    Mercell Holding

    Mercell Holding

    E Commerce Software

    Provider of an e-tendering platform intended to offer electronic submission of public tenders as well as tender alerts to suppliers. The company's platform offers suppliers in all industries a tender system to find tender information from the public sector

    $2M

    96

    1999

    Oslo

  10. 10
    Numascale

    Numascale

    Design Software

    Developer of interconnected technology systems intended to assist in scalable in-memory computing. The company's systems offer a shared memory system and a performance computing software for running data analytics workload in-memory with shared memory arch

    $2M

    $8M

    52

    2008

    Oslo

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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.