These are the top SaaS companies in Seongnam, South Korea. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Seongnam by featuring these 2 companies with combined revenues of $3.7B.
Together, Seongnam SaaS companies employ over 12K employees, have raised $0 capital, and serve over 47M customers around the world.
Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.
Top SaaS Companies with $0 - $1M ARR
Top SaaS Companies with $1 - $5M ARR
Top SaaS Companies with $5 - $10M ARR
Top SaaS Companies with $10M+ ARR
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 work with the mobile technology, apps and, more broadly, information and communications technologies industry.
Developer of an application designed to facilitate security of mobile applications and websites. The company's cloud based application, Liapp is equipped with virtual machine detection technology that creates a password lock to the entire source code and secures documents, mobile data and valuable information in the Web in a way that makes it impossible to access source code without owner's permission, enabling users to secure official databases and personal applications using code locking system without having to set a password for individual content.
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.