These are the top SaaS companies in Seoul, South Korea. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Seoul by featuring these 24 companies with combined revenues of $43.2M.
Together, Seoul SaaS companies employ over 950 employees, have raised $0.0 capital, and serve over 2M customers around the world.
Conversational Marketing Software
Channel.io by ZOYI is a retail computing company that creates the science of shopping through technology.
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
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
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.
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.
Collaboration & Productivity Software
Toss Lab is a SaaS enterprise software company that provides enterprise messaging and collaboration tools.
Software As A Service Platform(Saas)
Social Media Marketing Software
Nable Communications Inc provides communication solutions for operators, enterprises, and handset vendors. The Company provides IMS enabler solutions, IMS client framework and IP telephony solutions.
Developer of an artificial intelligence software intended to increase success rates and efficiency of new drug development. The company's software utilizes data parsing, bot modeling, and biological interpretation to find patterns in biomedical data to rem
Operator of a business incubator. The company provides design, development, marketing and operations consulting services to startups.
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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.
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.