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List of the largest SaaS companies in Spain

Top SaaS Companies in Spain

These are the top SaaS companies in Spain. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Spain by featuring these 511 companies with combined revenues of $3.4B.

Together, Spain SaaS companies employ over 20K employees, have raised $2B capital, and serve over 1B customers around the world.

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Highlights

12
ITMAGINATION
ITMAGINATION

Development Software

ITMAGINATION is helping its clients to innovate by providing software development, data analytics and outsourcing solutions

$23M
-
250
250
2008
Spain
13
BASSETTIGROUP
BASSETTI GROUP

Business Intelligence Software

BASSETTI addressing client’s needs to improve the way internal knowledge is structured and diffused within an organization.

$19M
$8M
-
214
1992
Spain
14
ITESOFT
ITESOFT

Collaboration & Productivity Software

ITESOFT is a software vendor with an ambition to help private and public organisations interact with their business partners, such as customers, suppliers and administrations, in a simpler, faster and more cost-effective manner by streamlining and automating their document-centric processes.

$19M
-
650
213
1984
Spain
15
F
Forcemanager

CRM and Related Software

Gain sales management insight thanks to a more transparent team performance. Try ForceManager the leading mobile CRM for field sales teams worldwide.

$17M
$16M
700
120
2011
Spain
16
HQF
HiQ Finland

Information Technology & Services

HiQ simplifies people's daily lives with technology. Elegantly designed and implemented digital services.

$17M
$910K
300
184
1987
Spain
17
EDICOM
EDICOM

Business Development Software

EDICOM is one of the largest international benchmarks in development of platforms for data transmission between companies.

$16M
-
15K
402
1995
Spain
18
A
Amenitiz

Information Technology & Services

developer of a centralised platform intended to address all the digital needs of independent hoteliers and vacation rental owners. The company's platform is a website builder with an integrated booking-engine crafted exclusively for independent hotels, enabling hoteliers to create their website without any coding knowledge and allowing them to manage all the digital aspects of their properties.

$15M
$38M
-
147
2017
Spain
19
ASI
Aytos Soluciones Informáticas

Information Technology Software

Provider of information technology services for city councils. The company focuses on development and implementation of administration resource planning software services and electronic administration for Spanish public entities.

$15M
-
2K
247
1993
Spain
20
R
Reviewpro

Social Media Marketing Software

Software - Upgrade the guest experience

$15M
$7M
45K
100
2008
Spain
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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.