These are the top SaaS companies in Turkey. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Turkey by featuring these 89 companies with combined revenues of $202.6M.
Together, Turkey SaaS companies employ over 3K employees, have raised $5.5M capital, and serve over 3K customers around the world.
Digital Marketing Solutions
Insider is a Growth Management Platform (GMP) helps digital marketers drive growth across the funnel, from Acquisition to Activation, Retention, and Revenue. They leveraging real-time predictive segmentation powered by deep Artificial Intelligence and Mach
Akinon is a Cloud-based omnichannel commerce platform, a next-generation application
Information Technology Software
Indeks Bilgisayar Sistemelri Muhendislik Sanayi Ve Ticaret AS is a Turkey-based company involved in distributing various kinds of IT products to IT firms in Turkey. The product offerings of the company include PC, Notebook, Server, Peripherals, Hard disk,
Software as a Service Platform(SaaS)
As of March 1st, 2018; our company name has changed to ODINE SOLUTIONS. Over the past 15 years; Verscom Solutions has been a pioneer in its domain, becoming one of the leading regional telecom solutions providers, serving more than 160 customers spread ov
Information Technology & Services
Saha Information Technology offers efficient and effective planning of complex business processes for corporate customers, provides optimum solutions for operational needs with available resources in short period of times. Saha Information Technology sta
Developer of digital technologies designed for the automotive industry. The company's platform provides engines for SMBs who are willing to enhance their businesses through digitalization and information; offers tools for drivers who are willing to reach a
Information Technology & Services
Operator of an online price tracking platform. The company provides pric tracking services for e-retailers and manufacturers.
Accounting And Finance Software
Developer of a bookkeeping software intended to simplify financial management. The company's cloud-based automatically software tracks, invoice, income expenses, inventory and current account as well as features e-billing and online revenue collection syst
Digital Advertising Platforms
Developer of a digital signage software platform created to provide tools for companies to engage with their customers. The company's platform uses its cloud-based, programmable and customizable infrastructure to create cross-platforms and infinitely scala
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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.