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List of the largest SaaS companies in Istanbul, Turkey

Top SaaS Companies in Istanbul

These are the top SaaS companies in Istanbul, Turkey. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Istanbul by featuring these 28 companies with combined revenues of $63M.

Together, Istanbul SaaS companies employ over 888 employees, have raised $52.1M capital, and serve over 761K customers around the world.

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Highlights

Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


02
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
03
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
04
s
smpl.

Marketing Automation Software

smpl. is a marketing automation tool that transforms online visitors into customers

$2M
$250K
-
21
2012
Turkey
05
VL
Volt Lines

Automotive Services Software

Provider of a subscription-based transportation service. The company gives its user access to unlimited rides on buses during commute hours from Monday to Friday.

$2M
$8M
-
35
2017
Turkey
06
MRETI
Makswin Real Estate Technologies, Inc.

Real Estate Software

Cutting-edge technological solutions aimed at data inconsistency and inefficiencies in the real estate industry

$2M
-
-
18
2020
Istanbul
07
HR
HotelRunner

Tourism

Developer of a cloud-based digital marketing and online sales management platform designed to help hotels and travel agencies to boost their sales. The company's digital marketing and online sales management platform is a marketplace for the tourism industry, bringing together hotels, travel agencies and service providers and help them to go online from offline, while creating innovative sales channels via state of the art technologies, enabling users to achieve higher recognition in international markets, broader customer outreach and higher profitability.

$2M
$2M
42K
50
2011
Turkey
08
PA
PrimeApps

Crm And Related Software

PrimeApps is the ultimate Low-Code Digital Transformation Platform. Now both start-ups and enterprises can build business apps with drag-n-drop simplicity in just days. No coding skills required! Innovation and responding to increasing demands with fewer resources has never been easier.

$2M
-
-
27
2015
Turkey
09
P
Poltio

Digital Analytics Software

Provider of an online social polling platform designed to drive audience engagement and get feedback from them. The company's social polling platform enables to create any type of interactive content such as polls, quizzes, personality tests and leaderboards, enabling users to create and participate in polls in any subject and format.

$1M
$817K
-
18
2014
Turkey
10
V
Vispera

Artificial Intelligence Software

Provider of visual recognition technology platform intended to identify and solve business problems. The company's platform offers image recognition services, enabling clients to attract customers and grow in terms of revenue.

$1M
$5M
-
60
2014
Turkey
1 - 10 of 27Next

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.