These are the top SaaS companies in Puerto Rico. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Puerto Rico by featuring these 5 companies with combined revenues of $9.2M.
Together, Puerto Rico SaaS companies employ over 186 employees, have raised $0 capital, and serve over 0 customers around the world.
Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.
Crm And Related Software
Developer of civic engagement software for public and private sectors customers in the Caribbean, the United States and Latin America. The company's services include software development and information systems consulting, facilitating governments to connect with their citizens via a centralized database.
Software as a Service Platform(SaaS)
Headquartered in San Juan, Puerto Rico, Forq Ventures is a digital business builder. They incubate, acquire, and optimize digital businesses that have a solid customer base, product, and recurring revenue with a high potential for growth viaimprovements in product, technology, sales/marketing, and operations.
Web and mobile platforms for event registration, planning, and management for conventions, trade shows, cruises, and associations. Our software has a focus on global events, with strong multi-currency and multi-lingual support. We have an easy to use registration form and survey builder that supports complex logic, badge and ticket designer, and lead retrieval tools Both the mobile apps and admin web application use the latest technology to allow you to continue working even if your Internet connection is interrupted. When online the interfaces are updated in real-time to allow teams to collaborate from around the world.
Developer of a SaaS E-Commerce platform designed digitally transform brick and mortar grocers. The company's platform uses artificial intelligence to provide shoppers the convenience of an in-store experience through a mobile and desktop experience, with the ability to either pick up their orders or get them delivered at their doorstep, enabling grocers to get access to the most efficient way for retailers to grow in the convenience economy.
Provider of a subscription-based software intended to notify clients when their brand or issues are mentioned in radio, television and print news. The company's software is an automated spoken media monitoring solution which analyzes the data to provide trends and insights to showcase how public opinion is moving on specific topics, providing clients with real-time alerts whenever their keywords are mentioned.
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.