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List of the largest SaaS companies in Gothenburg, Sweden

Top SaaS Companies in Gothenburg

These are the top SaaS companies in Gothenburg, Sweden. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Gothenburg by featuring these 14 companies with combined revenues of $15.5M.

Together, Gothenburg SaaS companies employ over 292 employees, have raised $16.3M capital, and serve over 675K customers around the world.

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Highlights

Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


01
$3M
$2M
-
35
2012
Sweden
02
J
Jetshop

Web Management Software

E-commerce in constant development Jetshop has, since its start, adopted a holistic approach to e-commerce. We love commerce, believe in the technology and watch the potential grow as traditional retail meets digital platforms. Our task is to create the right conditions for successful web shops in all industries, regardless of size. Jetshop Commercea stable platform The cornerstone of our business is Jetshop Commerce, the largest e-commerce system in the Nordic region. A technical platform loaded with the functions and optional services, making Jetshop an end-to-end partner within e-commerce. Jetshop Commerce represents stability and development. There is an integrated payment system, the user-friendly design is built in and updates are carried out quickly without disruptions. More than 3,000 companies throughout the Nordic region use Jetshop for their e-commerce operations. Shops built on Jetshop Commerce sold for more than SEK two billion in 2013. These figures have made us the leade

$2M
-
-
75
2003
Sweden
03
AT
Appello Technologies

Supply Chain & Logistics Software

Provider of cloud-based applications for public transport. The company offers an open vehicle communication platform and fleet management applications to public transport customers intending to improve public transport so much that it becomes the preferred choice of travel.

$2M
-
-
32
1999
Sweden
04
A
Appland

Content Management Systems

Provider of cloud-based software platform designed to empower businesses to open their own application store. The company's software platform offers one-click carrier billing, virtual currency, geo-location, quality assurance, active store management, easily scalable and direct-to-subscriber marketing features while building new application, enabling clients to generate new revenue streams.

$2M
$1M
-
21
2011
Sweden
05
1D
1928 Diagnostics

Healthcare Software

Developer of all-in-one SaaS solutions for easy and safe use in clinical routine. The company's platform combines cloud computing and automated bioinformatics into cloud-based software, capable of handling the large datasets generated from whole-genome sequencing machines and data is processed, searching for resistance genes and mutations, as well as typing analysis, enabling doctors to effectively track and minimize the spread of superbugs globally.

$2M
$9M
-
19
2013
Sweden
06
P
Parakey

Cloud Platform As A Service (Paas) Software

Developer of a cloud based application that grants users access to smartphone's administration. The company uses its cloud service, application and small hardware to give visitors the possibility to purchase a ticket and let themselves in through the entrance gate, thereby allowing facility owners to turn users smartphones into access keys to their premises.

$2M
$2M
175K
18
2014
Sweden
07
HS
Halon Security

Security software

Provider of email security and infrastructure software designed to change the landscape of email security. The company's software offers great scalability, multiple rate limiting and total control on spams, enabling service providers to tailor their protected email infrastructure.

$1M
$2M
-
16
2002
Sweden
08
E
Econans

Financial Services Software

Operator of a digital platform offered to provide financial forecast services. The company's platform provides cloud-based personal finance services that provide forecasts, allowing users to test different economic scenarios and experiment to make long-term suitable choices.

$1M
$440K
500K
13
2017
Sweden
09
RVMAB
RoboVM AB

Developer on an iOS application. The company offers an iOS application based on Java and other languages.

$461K
-
-
11
2013
Sweden
10
DMA
DialMyApp

Business Development Software

Developer of android based mobile application created to offer an alternative to interactive voice response systems. The company's android based mobile application brings customers interactive business communication and help businesses to decrease their costs for customer services enabling users get high performance, highly scalable, and a proven reliable cloud-based solution.

$433K
-
-
13
2013
Sweden
1 - 10 of 14Next

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.