These are the top SaaS companies in Madrid, Spain. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Madrid by featuring these 95 companies with combined revenues of $1.8B.
Together, Madrid SaaS companies employ over 4K employees, have raised $115.2M capital, and serve over 276M 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 $5 - $10M ARR
Application Development Software
Provider of mobile telecommunication services in Spain. The company offers universal telecommunications services including fixed, mobile, ADSL, fiber, datacenter and value added services to residential customers, businesses and operators.
Cloud Computing Software
Provider of technology hosting and outsourcing services. The company offers value-added services such as shared hosting, e-mail hosting, MS Exchange hosting and managed dedicated technology services. It also offers customized cloud based applications.
Twenix is an e-learning SaaS that helps teams in business with their English knowledge acquisition.
Cell Phone Topup, Unlocks & Checks
Financial Services Software
Developer of digital wealth management software designed to provide multi-channel wealth management solutions to financial entities. The company engages in developing fully-functional, turn-key, financial cloud-based applications offer automated, algorithm-driven financial planning services to manage different data sources and obtain accurate reports such as risk profiling, backtesting, wealth management, portfolio management and more, enabling direct and institutional investors to manage their wealth in a better way.
Weplan is a free app that offers users the ability to contract out of all optimal market supply rate, analyzing, and comparing.
Developer of an online mathematics teaching platform. The company develops an online learning platform that enables kids to learn mathematics through custom examinations and exercises.
Business Intelligence Software
Geoblink is the Location Management Platform that helps professionals of the retail ecosystem maximise business performance by giving clients a 360¬∫ view...
Operator of an employment platform designed to complete the training of Spanish university students to boost their professional career by bringing them closer to the companies and giving them the necessary tools to access to the labor market. The company's platform connects college students and recent graduate students with companies offering scholarships or internships, enabling students to search their first job or professional internship and companies to get a database of candidates.
Video Solution Software
- Mashme.ioÂ is a SaaS video collaboration platform which is delivered via a web browser and requires no plug-ins or application installation on the clientsâ€™ desktop. - Mashme.io software is based in HTML5 and WebRTC (Web Real Time Communications). The application runs in a Google Chrome window making it one of the largest web applications ever created. - Its simple installation and easy to use features unifies connections with teams, clients and colleagues globally. It solves the problem of fragmented tools and ephemeral discussions by offering a complete real-time synchronised virtual meeting solution for sharing, organising and storing documents; video chat; instant messaging; and leveraging multimedia content. - Mashme.io is a modular platform that can be adapted to your business needs. We are able to work with your organisation to develop and integrate the tools which can be an enabler for Digital Transformation in the EdTECH vertical. - Our platform integrates all of the features
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.