These are the top SaaS companies in BC, Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for BC by featuring these 17 companies with combined revenues of $242.7M.
Together, BC SaaS companies employ over 2K employees, have raised $0.0 capital, and serve over 3M customers around the world.
Information Technology Software
Ritech Group of Companies is a creative, hardworking, and value conscious software design and development partner for your web and mobile digital transformation technology solutions. From ideation through development and on-going support, our team of 120+
Customer Success Software
The world's most powerful customer onboarding automation for financial services. More than a digital experience. We have an intelligent decision engine.
More than booking software. Checkfront is a booking management platform that helps you sell experiences, manage your resources, and grow your business.
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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.
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.