Top SaaS Companies in New Zealand

List of the largest SaaS companies in New Zealand (Click to apply)

These are the top SaaS companies in New Zealand. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for New Zealand by featuring these 105 companies with combined revenues of $733.3M.

Together, New Zealand SaaS companies employ over 7K employees, have raised $3.8M capital, and serve over 104M customers around the world.

$0 - $1M ARR
  1. RIPGlobal $969.4K
  2. Enroller $923.9K
  3. Sharesight $775.4K
$1M - $5M ARR
  1. CricHQ $4.8M
$5M - $10M ARR
  1. Geo $8.7M
  2. Coretex $5.4M
  1. 01
    Xero

    Xero

    Accounting and Finance Software

    Global platform for small business

    $450M

    2M

    4K

    2006

    New Zealand

  2. 02
    Ripple Recruiting

    Ripple Recruiting

    We match students and recent graduates with full time jobs and internships at companies around the world. Sign up for free in less than 5 minutes to find your dream job.

    $52M

    $34M

    75

    635

    2015

    New Zealand

  3. 03
    Vend

    Vend

    Accounting and Finance Software

    Vend is web-based point-of-sale and retail management software. Vend allows real-world retail store owners or managers to have full visibility and centralized control of one to many retail stores. Vend runs in the browser and supports full online and off

    $36M

    $48M

    413

    2009

    New Zealand

  4. 04
    Serko (NZE: SKO)

    Serko (NZE: SKO)

    Information Technology & Services

    Provider of computer software services. The company together with its subsidiaries is engaged in providing computer software, corporate travel bookings, billable services and other software services to its clients in New Zealand.

    $23M

    6K

    268

    1994

    New Zealand

  5. 05
    Software Improvement Group (SIG)

    Software Improvement Group (SIG)

    Consultancy software-related challenges

    $11M

    122

    2000

    New Zealand

  6. 06
    Unleashed-Software

    Unleashed-Software

    Inventory Management Software

    Unleashed Software is a New Zealand-based software-as-a-service company that provides cloud based inventory management.

    $10M

    $20M

    112

    2009

    New Zealand

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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.