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 47M customers around the world.
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.
Digital Advertising Platforms
Provider of information technology based data consulting services intended to provide personalized experience in business activities. The company's services provides integrated personalized recommendations related to business modules and assignments that h
Data Science and Machine Learning Platforms
Developer of advanced algorithms designed to detect abnormalities in production. The company's IoT and machine learning based platform utilizes LSTM (long short-term memory) which enables SMEs and even large enterprise manufacturers to digitize their produ
Information Technology & Services
Rsupport, Inc. is the American subsidiary of Rsupport Co. Ltd., headquartered in Seoul, South Korea. Rsupport is a major developer and supplier of remote access and web collaboration software products & services for small-to-midsized businesses (SMBs), as
Content Marketing Software
Provider of a mobile application for marketed cosmetics review and information. The company provides user reviews and ingredient information for various cosmetics products.
Provider of an online platform designed to offer indoor positioning and tracking location. The company's platform provides a location recognition engine in the form of an API that recognizes the registered location, enabling businesses to analyze and manag
Artificial Intelligence Software
SaaS & Mobile App platform that solves spinal problems through AI devices integrated into ergonomic products to relieve pain.
Information Technology Software
Developer of digital rights management (DRM) technologies designed to contribute to the development of digital contents. The company's PallyCon application offers content security services, supporting various contents services such as online movie services
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.