Top SaaS Companies in Illinois

List of the largest SaaS companies in Illinois, United States (Click to apply)

These are the top SaaS companies in Illinois, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Illinois by featuring these 27 companies with combined revenues of $1.3B.

Together, Illinois SaaS companies employ over 6K employees, have raised $249.4M capital, and serve over 37K customers around the world.

$0 - $1M ARR
    $1M - $5M ARR
      $5M - $10M ARR
        $10M+ ARR
          1. 01
            Flexport

            Flexport

            Supply Chain & Logistics Software

            Flexport is a licensed customs brokerage and freight forwarder built around a modern web application. Its freight service includes an online dashboard for businesses to easily understand, purchase, manage, and track the services required for global trade.

            $861M

            $1B

            10K

            2K

            2013

            Illinois

          2. 02
            Centro

            Centro

            Digital Advertising Platforms

            Created the most comprehensive, automated and intelligent software platform for the digital media industry.

            $143M

            $53M

            2K

            921

            2001

            Illinois

          3. 03
            Numerator

            Numerator

            Retail Software

            help brands grow

            $130M

            $21M

            2K

            2K

            2014

            Illinois

          4. 04
            Dialogtech

            Dialogtech

            CRM and Related Software

            DialogTech’s AI call tracking and conversation analytics helps digital marketers and agencies track ROI, drive sales, and personalize experiences.

            $40M

            $76M

            3K

            206

            2007

            Illinois

          5. 05
            Yello

            Yello

            HR Software

            talent acquisition software

            $30M

            $46M

            600

            216

            2008

            Illinois

          6. 06
            project44

            project44

            Supply Chain & Logistics Software

            project44 is the world’s leading advanced visibility platform for shippers and third-party logistics firms. project44 connects, automates and provides visibility into key transportation processes to accelerate insights and shorten the time it takes to tu

            $23M

            $91M

            0

            254

            2014

            Illinois

          7. 07
            MediaFly

            MediaFly

            Sales Software

            Sales Enablement & Content Management Platform

            $19M

            $28M

            260

            120

            2006

            Illinois

          8. 08
            Hireology

            Hireology

            Talent Management Software

            The all-in-one hiring and talent management platform for businesses of all sizes. Centralize your hiring process to save time and build your best team.

            $14M

            $67M

            4K

            235

            2010

            Illinois

          9. 09
            Ycharts

            Ycharts

            Vertical Industry Software

            YCharts Enables Smarter Investment Decisions

            $8M

            $15M

            4K

            84

            2009

            Illinois

          10. 10
            Neoncrm

            Neoncrm

            Nonprofit Software

            Thousands of nonprofits use Neon's nonprofit CRM to manage their fundraising, membership, events, and website — and ultimately grow their organization.

            $7M

            3K

            100

            2004

            Illinois

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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.