Top SaaS Companies in South Korea

List of the largest SaaS companies in South Korea (Click to apply)

These are the top SaaS companies in South Korea. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for South Korea by featuring these 41 companies with combined revenues of $3.7B.

Together, South Korea SaaS companies employ over 13K employees, have raised $0.0 capital, and serve over 55M customers around the world.

$0 - $1M ARR
  1. Birdview $947.8K
  2. Loplat $913.6K
  3. Posture360 $900.0K
  4. CallGate $836.6K
$5M - $10M ARR
  1. Channel.io $10.0M
$10M+ ARR
  1. Channel.io $10.0M
  1. 01
    Kakao Corp

    Kakao Corp

    Analytics Software

    Kakao provides a platform for mobile messaging applications that offers in-application texting, mobile gaming platform, photo sharing social network and voice calls. The firm also invests through an entrepreneur funds that focusing on young companies that

    $4B

    47M

    12K

    2014

    South Korea

  2. 02
    Channel.io

    Channel.io

    Conversational Marketing Software

    Channel.io by ZOYI is a retail computing company that creates the science of shopping through technology.

    $10M

    $46M

    51K

    36

    2010

    South Korea

  3. 03
    Bespin Global

    Bespin Global

    Cloud Platform As A Service (Paas) Software

    Provider of a cloud based cloud information technology (IT) platform intended to drive the digital transformation of clients by helping them adopt cloud IT. The company's platform provides automated multi-cloud management services to move their legacy IT o

    $6M

    $201M

    271

    2015

    South Korea

  4. 04
    Suresoft Technologies

    Suresoft Technologies

    Information Technology Software

    Developer of software testing automation tools designed to offer software development verification service. The company's software testing automation tools helps to perform testing processes, including programs source code analysis, test case generation, t

    $5M

    72

    2002

    South Korea

  5. 05
    Vuno

    Vuno

    Artificial Intelligence Software

    Developer of a medical data analysis platform intended to improve medical disease diagnosis. The company's diagnostics platform utilizes the machine and deep learning algorithms to analyze patient imaging data and gain insights that help doctors diagnose d

    $3M

    $15M

    75

    2014

    South Korea

  6. 06
    Buzzvil

    Buzzvil

    Digital Advertising Platforms

    Developer of a smartphone lock screen advertising platform. The company offers Honeyscreen, a mobile screen lock application which displays advertisements when the phone is locked.

    $3M

    $60M

    102

    2012

    South korea

  7. 07
    DRAMA & COMPANY

    DRAMA & COMPANY

    Business Intelligence Software

    Provider of a contact management application. The company offers a cloud-based mobile application that enables users to scan, sort and store the information on their business cards.

    $3M

    $7M

    66

    2013

    South Korea

  8. 08
    I-ON Communications Co

    I-ON Communications Co

    Information Technology Software

    I-ON Digital Corp is a software developer and provider of enterprise-class unstructured data management and digital marketing software and solutions. It offers web content management (CMS), web experience and service delivery software, digital marketing, s

    $2M

    $500K

    63

    1999

    South Korea

  9. 09
    CONDOLYTICS

    CONDOLYTICS

    Software As A Service Platform(Saas)

    $2M

    22

    2018

    South Korea

  10. 10
    Cloudbric Corporation

    Cloudbric Corporation

    Cloud Platform as a Service (PaaS) Software

    We provide comprehensive website protection featuring a fully managed WAF, DDoS protection, and SSL. Deployed on on-premise, cloud or hybrid infrastructure, Cloudbric’s suite of web security services protects clients both big and small. Our WAF is per

    $2M

    10K

    20

    2014

    South Korea

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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.