Top SaaS Companies in Singapore

List of the largest SaaS companies in Singapore, Singapore (Click to apply)

These are the top SaaS companies in Singapore, 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 127 companies with combined revenues of $491.3M.

Together, Singapore SaaS companies employ over 60K employees, have raised $15.0M capital, and serve over 739M customers around the world.

$0 - $1M ARR
  1. Evercomm $924.5K
  2. Micepad $908.2K
  3. Nektar.ai $892.6K
  4. Resync $883.9K
$1M - $5M ARR
  1. Oddle $4.8M
  2. Xfers $4.6M
  3. Anchanto $4.6M
$10M+ ARR
  1. Carro $66.1M
  2. Insider $60.5M
  3. Near $50.0M
  1. 01
    Carro

    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 prici

    $66M

    $119M

    600M

    256

    2015

    Singapore

  2. 02
    Insider

    Insider

    Digital Marketing Solutions

    Insider is a Growth Management Platform (GMP) helps digital marketers drive growth across the funnel, from Acquisition to Activation, Retention, and Revenue. They leveraging real-time predictive segmentation powered by deep Artificial Intelligence and Mach

    $61M

    $46M

    1K

    752

    2012

    Singapore

  3. 03
    Near

    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

    $50M

    $134M

    5K

    165

    2012

    Singapore

  4. 04
    IBS Software Services

    IBS Software Services

    Information Technology Software

    Developer of software for travel, transportation, hospitality, and logistics industries. The company creates business products and services in airline passenger services, airline and airport operations, airline cargo and logistics, oil and gas logistics, t

    $30M

    $224M

    170

    3K

    1997

    Singapore

  5. 05
    Zylog Systems

    Zylog Systems

    Marketing Software

    Zylog Systems Ltd is primarily involved in differentiated services and business technology solutions. It also engaged in an information technology enabler and solutions provider business. The company products are bifurcated in three categories namely in Fi

    $20M

    269

    1995

    Singapore

  6. 06
    Eyeota

    Eyeota

    Digital Advertising Platforms

    Eyeota is the global leader in audience data with over 3.5 billion unique profiles in Europe, APAC and the Americas. We provide marketers with the data they need to reach the right online audiences and cut campaign waste whilst also enabling publishers...

    $16M

    $20M

    24

    82

    2010

    Singapore

  7. 07
    Crayon-Data

    Crayon-Data

    Artificial Intelligence Software

    Crayon Data is one of the fastest growing big data companies in Asia, on a mission to simplify the world’s choices.We enable enterprises to provide ultra-personalized choices to their customers, using our proprietary platform- SimplerChoices™. Simp...

    $15M

    $29M

    127M

    163

    2012

    Singapore

  8. 08
    Cloud4C

    Cloud4C

    Information Technology Software

    Provider of public and private cloud hosting services intended to offer uptime, disaster recovery and security of data. The company's services include cloud computing, storage, security and monitoring through virtual private server hosting, real cloud host

    $13M

    4K

    634

    2014

    Singapore

  9. 09
    Anacle Systems

    Anacle Systems

    Enterprise Software

    Anacle Systems Ltd is a Singapore-based company. It has three operating segments. Simplicity and MyBill segment, which is the key revenue driver, provides specific solutions for enterprise asset management, shared resources management, tenancy management,

    $11M

    $6M

    100

    142

    2006

    Singapore

  10. 10
    Group-IB

    Group-IB

    Security Software

    Group-IB is a provider of services related to fraud prevention and cybercrime investigations. The company specializes in preventing and investigating cyber crimes and fraud by offering services on prevention of financial and reputational damages, consultin

    $11M

    $938K

    241

    2003

    Singapore

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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.