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List of the largest SaaS companies in Turkey

Top SaaS Companies in Turkey

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 98 companies with combined revenues of $209M.

Together, Turkey SaaS companies employ over 3K employees, have raised $235.2M capital, and serve over 22M customers around the world.

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Highlights

01
I
Insider

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 Machine Learning capabilities, GMP empowers marketers to deliver personalized journeys across the web, mobile web, mobile apps, and ad channels. Built on a unified data layer, GMP is easy to implement and simple to use, avoiding the need for complex integrations and dependency on IT teams. Insider simplifies the life of digital marketers and helps them drive growth for their brands, with zero marketing waste. The company combines personalization, data and decision-making engines into one platform to help you orchestrate consistent brand experiences across channels and bridge the gap between online and offline. The AI and ML-powered engine are tailored to solve marketing problems optimizing Return on Ad Spend (ROAS), driving conversions and improving product discovery and generating insights that can turbocharge your personalization program. Insider is a technology company with offices in London, Singapore, Tokyo, Dubai, Moscow, Warsaw, Kuala Lumpur, Jakarta, Istanbul, Kiev, Sydney, Seoul, Ho Chi Minh City, Bangkok, Hong Kong, and Taipei. Insider was listed as one of the 100 Hottest Startups by WIRED Magazine and won Red Herring Top 100 Europe in 2017. Cb has recently ranked Insider’s co-founder and CEO Hande Cilingir as one of the top three women CEOs outside of the US.

$61M
$167M
1K
929
2012
Turkey
02
A
Akinon

Enterprise Software

Akinon is a Cloud-based omnichannel commerce platform, a next-generation application

$34M
$25M
-
344
2016
Turkey
03
IG
Index Group

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, Motherboard, VGA Card and Memory Products among others.

$11M
-
-
207
1989
Turkey
04
S
Screpy

Analytics Software

$11M
-
-
129
2020
Turkey
05
OS
Odine Solutions

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 over 36 countries. Starting in 2014; our company has invested heavily in telecom software development and new-gen communications technology integration. After 4 years of hard work; we’ve managed to transform our company into an end-to-end telecommunication infrastructure solutions company with two primary business lines, “Voice Solutions” and “Communication Solutions”. With our new vision; and with this change, we believe that we will better present ourselves as one of the most innovative, trusted, and carrier-neutral telecommunication solutions integration companies in the industry. To meet the ever-changing needs of the industry, we are expanding in terms of territory, with new sales offices, while adding new business lines such as mo

$7M
-
35
87
2003
Turkey
06
SBT
Saha Bilgi Teknolojileri

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 started its journey in 2009 with consulting services. Trainings on many different areas, outsourcing for distinguished customers have been delivered and lastly test automation tool has been developed with our exceptional know-how. We take our lead from our clients’ needs and provide them with feasible solutions specifically tailored to their requirements. We work closely with our customers and we aim to build strong relationships and maintain high customer satisfaction. Our areas of Expertise include; Test Automation Services Java Architect Consultancy Software Development Life Cycle Design Outsourcing Java and Test Automation Training

$7M
-
-
78
2009
Turkey
07
GS
Garaj Sepeti

Database Software

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 any product as well as service and information for their vehicles, providing drivers with data, information and knowledge about their vehicles and connects them with dealers, mechanics and insurance officers.

$6M
$5M
-
79
2017
Turkey
08
P
Prisync

Information Technology & Services

Operator of an online price tracking platform. The company provides pric tracking services for e-retailers and manufacturers.

$5M
-
100
58
2013
Turkey
09
P
Parasut

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 system, enabling SMEs to manage their financial operations more efficiently.

$5M
$4M
700K
97
2013
Turkey
10
OS
OmmaSign

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 scalable digital signage services, enabling brands to reach their customers via digital displays.

$4M
-
-
43
2015
Turkey
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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.