Top SaaS Companies in Sweden

List of the largest SaaS companies in Sweden (Click to apply)

These are the top SaaS companies in Sweden. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Sweden by featuring these 93 companies with combined revenues of $505.9M.

Together, Sweden SaaS companies employ over 4K employees, have raised $24.6M capital, and serve over 84K customers around the world.

$0 - $1M ARR
  1. Wiraya $1.0M
  2. Peltarion $1.0M
  3. Tobii-Pro $1.0M
  4. Evothings $1.0M
$1M - $5M ARR
  1. TSS AB $4.7M
  2. Stravito $4.5M
  3. Sonetel $3.9M
$5M - $10M ARR
  1. Upsales $7.5M
  2. Bygglet $7.3M
  3. Billogram $5.9M
$10M+ ARR
  1. Parkster $185.7M
  2. Accedo $40.4M
  3. Astea $29.0M
  4. Mentimeter $21.0M
  5. Quinyx AB $19.9M
  1. 01
    ReQtest

    ReQtest

    Cloud Platform as a Service (PaaS) Software

    ReQtest is a cloud based requirements management, test management and bug tracking tool. Start your 10 day free trial now!

    $1M

    14

    2001

    Sweden

  2. 02
    Membrain

    Membrain

    Sales Software

    With clients in over 30 countries Membrain is the #1 sales effectiveness platform that drives successful behaviors in complex sales. Membrain makes it easy for sales teams to execute their sales strategy to achieve consistent sales performance. The sof...

    $1M

    25

    2012

    Sweden

  3. 03
    Tobii-Pro

    Tobii-Pro

    Professional Services Providers

    Tobii Pro helps academic researchers gain insights into human behavior and businesses make better decisions with world-leading eye tracking technology.

    $1M

    $11M

    51

    2001

    Sweden

  4. 04
    DPOrganizer

    DPOrganizer

    Security Software

    The DPOrganizer privacy management software helps map, visualize and manage processing of personal data. We turn privacy professionals into privacy heroes.

    $1M

    $7M

    51

    2015

    Sweden

  5. 05
    Evothings

    Evothings

    Iot Software

    Evothings is a mobile application enabler for the Internet of Things (IoT) industry, helping developers and technology players that have the need to create and prototype mobile applications and deliver services that interface with their technologies. ...

    $1M

    $1M

    1

    2014

    Sweden

  6. 06
    Wiraya

    Wiraya

    Digital Marketing Solutions

    With Wiraya's mobile activation software, companies can inspire their customer interactions through fun, personalised and interactive communication.

    $1M

    $1M

    56

    2009

    Sweden

  7. 07
    Peltarion

    Peltarion

    Data Science and Machine Learning Platforms

    Peltarion is an AI software company with offices in Stockholm and London.

    $1M

    $38M

    96

    2004

    Sweden

  8. 08
    Awardit-AB

    Awardit-AB

    Customer Success Software

    We are the largest operator of customer clubs, loyalty programs, sales motivation programs, digital point currencies and reward shops in the Nordic region.

    $1M

    29

    2000

    Sweden

  9. 09
    Sinch

    Sinch

    Application Development Software

    Sinch is a telecommunications and cloud communications platform as a service company.

    $1M

    $12M

    251

    2014

    Sweden

  10. 10
    Iamip

    Iamip

    Vertical Industry Software

    IamIp Platform is an innovative tool for patent search and patent management. Get access to a world patent database, statistics and patent information.

    $960K

    $3M

    100

    25

    2014

    Sweden

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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.