These are the top SaaS companies in Ukraine. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Ukraine by featuring these 64 companies with combined revenues of $271.5M.
Together, Ukraine SaaS companies employ over 4K employees, have raised $18.3M capital, and serve over 11M customers around the world.
64
$271.5M
4K
$18.3M
Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.
Top SaaS Companies with $0 - $1M ARR
Top SaaS Companies with $1 - $5M ARR
Communication Software
Ukrtelecom PJSC operates a telecommunications network that offers telephone services, which include international, long-distance, and local telephony; data transmission and construction of private virtual telephone networks; Internet services, including switched and broadband Internet access, permanent IP-connection through a dedicated line; hardware and virtual hosting. It operates through two segments are Fixed-line telecommunications and Mobile telecommunications. Geographically it operates through Ukraine.
Social Media Marketing Software
Operator of an online social media monitoring platform. The company provides social media monitoring and analytical tools which help companies to understand consumer opinions and complaints posted in social media.
IOT Software
Provider of cloud-based software for airlines. The company's software helps to digitize information and data for pilots and crew members, including flight operation manuals, safety reporting and quality measurement, enabling flight operators to better communicate with the ground staffs for safely flying the aeroplanes.
Software as a Service Platform(SaaS)
ImproveIT Solutions creates fantastic web, mobile and SaaS solutions for European hi-tech companies. We also provide talented dedicated teams of engineers, who work directly for product companies from around the globe. Since 2016 we have been creating products used in 75 countries, and we've successfully set up dedicated development teams in Ukraine for 20+ clients. Our main technologies: React, Angular, Vue, Node, PHP, .NET, iOS, Android, React Native.
CRM and Related Software
Orderry is a b2b SaaS which is specifically designed for repair shops. It provides a solid and complete solution covering all their needs and enables them save time and money.
CRM and Related Software
Ringostat — make right business decisions using call analytics ★ Calltracking, virtual pbx, callback widget, 14 days free trial.
Education Software
AKTIV Group has core strengths in the field of developing communication, business and educational software. With plenty of successful projects we’re constantly growing in the fields of e-learning, communication and related areas. Operating for over 11 years we’re flexible in approach to any project. We’re mobile and have learnt to adapt to customer’s requirements. Our customers are at the heart of our business and because of this, we ensure everything we develop, create and is something that flawlessly helps our customers. Because we want to grow, we continue to expand our resources, our team and our promises. With innovation, we are smart, outside the box thinkers and creative in our projects. By creating trends whether they’re new or existing, we will build a following of customers. By non-stop development, we will stay committed and constantly develop new projects. The AKTIV Group is full of strength. Our technology, software and projects are amazing and being developed,
Marketing Software
Provider of cloud based marketing services designed to plan, manage and control the activities of field personnel. The company's marketing services combine the freelance exchange, business process automation and cost optimization, enabling contractors to perform the trade marketing services.
Business Intelligence Software
Honeycomb Software is an innovative software company that develops digital products for startups and online businesses. We are experts at understanding the client’s vision and needs, be it in application development and/or UX/UI design. We know how to listen, analyse and build appealingly clean and highly functionable products. Our systematic and professional approach allows us to create a wide range of digital products. We excel both in building brand-new systems and taking care of the code developed by others. Our services cover the full product life-cycle (functional analysis, UX, design, architecture, development, manual and automated testing, devops and maintenance).
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.