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List of the largest SaaS companies in Singapore

Top SaaS Companies in Singapore

These are the top SaaS companies in Singapore. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Singapore by featuring these 326 companies with combined revenues of $10.3B.

Together, Singapore SaaS companies employ over 162K employees, have raised $2B capital, and serve over 1B customers around the world.

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Highlights

02
MSEGH
Mizuho Securities Europe GmbH

Financial Services Software

Mizuho Securities operates as a financial instruments firm primarily in Japan.

$3B
$2M
-
8K
1917
Singapore
03
CT
Capillary Technologies

Analytics Software

Capillary Technologies is a software product company, which provides cloud-based Omnichannel Customer Engagement, eCommerce platform and related services for retailers and brands.

$810M
$102M
200M
869
2008
Singapore
04
A
Ahrefs

SEO Software

Ahrefs is a software company that develops online SEO tools and free educational materials for marketing professionals.

$100M
-
-
75
2010
Singapore
05
C
Capillary.io

Artificial Intelligence Software

Healthcare SaaS. Capillary.io is an application specially built for visualizing and analyzing nailfold capillaroscopy images

$73M
-
300M
874
2020
Singapore
06
C
Carro

E-Commerce Software

Provider of an online used car marketplace for buyers and sellers to deal directly, without dealers. The company's platform uses a mix of human expertise and proprietary pricing algorithms to inspect and evaluate vehicles, giving buyers and sellers a pricing system and transactional framework they can trust. It also assists with the transfer of vehicle ownership, payments and all other necessary paperwork, enabling customers to buy and sell cars online, without hassle.

$66M
$119M
600M
256
2015
Singapore
07
D
Donuts

Enterprise Software

Donuts is a domain name registry offering new domain names in multiple languages and character sets.

$60M
$172M
3M
100
2016
Singapore
08
TI
Tectura Inc

Erp Software

Tectura provides technology solutions, consulting services, including ERP implementations and solutions to businesses worldwide.

$57M
$10M
250K
638
2001
Singapore
09
N
Near

Digital Analytics Software

Near is the world's largest source of intelligence on people and places, processing data from over 1.6 billion monthly users across 44 countries. The Near Platform powers data-driven marketing and enrichment offerings through a suite of SaaS products. The users of the platform can leverage audience, spatial, retail, among other data in a privacy-led environment. Founded in 2012, Near is headquartered in Singapore with offices in San Francisco, New York, London, Bangalore, Tokyo and Sydney. Today, marquee brands such as News Corp, MetLife, The We Company and Mastercard work with Near to provide enhanced customer experiences. Near is backed by leading investors including Sequoia Capital, JP Morgan Private Equity Group, Cisco Investments and Telstra Ventures. Visit www.near.co to find out more.

$50M
$134M
5K
165
2012
Singapore
10
ATPL
Aegis Technologies Pte Ltd

Iot Software

Aegis Technologies is a provider of modeling & simulation technology and training solutions for military and commercial applications.

$37M
-
-
416
1989
Singapore
1 - 10 of 318Next

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.