Top SaaS Companies in Norway

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

These are the top SaaS companies in Norway. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Norway by featuring these 104 companies with combined revenues of $4.9B.

Together, Norway SaaS companies employ over 17K employees, have raised $49.2M capital, and serve over 2M customers around the world.

$0 - $1M ARR
  1. Yebab $994.0K
  2. ayfie Group $992.4K
  3. Plaace $990.0K
  4. Domos Labs $958.5K
  5. Meshcrafts $936.5K
$5M - $10M ARR
  1. FLYYT $6.6M
$10M+ ARR
  1. Visma $2.2B
  2. Gelato $75.0M
  3. Cognite $45.0M
  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

    Norway

  2. 02
    Visma Passeli

    Visma Passeli

    Information Technology & Services

    Provider of enterprise software services. The company provides enterprise software that enables its customers to take care of all the monetary and payment transactions, financial management, human resource management and material management.

    $2B

    1M

    6K

    1996

    Norway

  3. 03
    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

    Norway

  4. 04
    Cognite

    Cognite

    Artificial Intelligence Software

    Cognite develops an industrial IoT data platform that enables digital transformation of heavy-asset industries.

    $45M

    $225M

    1K

    485

    2017

    Norway

  5. 05
    Successive Technologies Norge AS

    Successive Technologies Norge AS

    Cloud Computing Software

    $39M

    461

    2017

    Norway

  6. 06
    Cegal

    Cegal

    Information Technology & Services

    Founded in 1975, Deutsche Asset Management is an asset management firm based in Zurich, Switzerland. The firm develops and manages tailor-made investment solutions for clients and offers individuals and institutions traditional and alternative investments

    $29M

    345

    1975

    Norway

  7. 07
    Signicat

    Signicat

    Signicat is a digital identity service provider (DISP) and one of the leading providers of e-ID and e-signature solutions in Europe.

    $23M

    $10M

    158

    2006

    Norway

  8. 08
    Edvantage Group

    Edvantage Group

    Software as a Service Platform(SaaS)

    Provider of cloud-based learning and performance software. The company provides content, technology and services to create e-learning solutions tailored to the specific needs of organizations. The company helps organizations improve employee skills and tra

    $18M

    220

    1999

    Norway

  9. 09
    Airthings

    Airthings

    Marketing Software

    Airthings designs and sells digital radon detectors.

    $17M

    72

    2008

    Norway

  10. 10
    QuestBack

    QuestBack

    Enterprise Software

    Provider of enterprise feedback management software. The company provides customer experience management, social CRM, online survey tools, analyzing and responding to business feedback.

    $16M

    $42M

    196

    2000

    Norway

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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.