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List of the largest SaaS companies in Serbia

Top SaaS Companies in Serbia

These are the top SaaS companies in Serbia. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Serbia by featuring these 19 companies with combined revenues of $21.5M.

Together, Serbia SaaS companies employ over 392 employees, have raised $2.7M capital, and serve over 683K customers around the world.

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Highlights

Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


02
B
Blinking

Blockchain Software

Blockchain-based digital ID solution that gives users complete control over their data.

$3M
$3M
-
31
2017
Serbia
03
A
Agremo

Information Technology & Services

Agremo is a cloud-based software platform which uses artificial intelligence, computer vision, and machine learning to extract insights from aerial imagery in order to improve agricultural processes. With Agremo, growers, agronomists, drone and remote sensing professionals are able to successfully plan, monitor and analyze agricultural activities and find out what is happening on their field at any given moment throughout the growing season for almost any plant species. Visit Agremo online to browse through our powerful agricultural reports and start getting the whole picture today!

$3M
-
-
30
2015
Serbia
04
RT
Rendered Text

HR Software

Semaphore is the fastest continuous integration and delivery (CI/CD) platform on the market, powering the world’s best engineering teams. For every $1 invested in Semaphore, engineers gain $41 in reclaimed productivity. Who said money can’t buy you time? For career opportunities visit us at https://semaphoreci.com/about/careers

$2M
-
-
24
2009
Serbia
05
$2M
-
-
23
0
Serbia
06
PS
Price2Spy

Retail Software

Leading price monitoring and dynamic pricing tool

$2M
-
-
10
2010
Serbia
07
B
Buildcon

Construction Software

Provider of an online construction management tool. The company offers a platform for engineers and architects to organize themselves, track their workflows, send orders with images and collaborate on one place.

$2M
-
-
21
2015
Serbia
08
E
Ebooxter

E Commerce Software

Provider of an online booking platform for small businesses. The company provides an online platform for booking appointments and organize stuffs for travel agencies, hospitals and healthcare sector.

$1M
-
-
17
2014
Serbia
09
AUTOSS
AUTOSherpa Systems

Crm And Related Software

$516K
-
600K
6
2015
Serbia
10
MCS
Machine Can See

Artificial Intelligence Software

$299K
-
-
4
2019
Serbia
1 - 10 of 19Next

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.