Top SaaS Companies in Ukraine

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

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 54 companies with combined revenues of $265.8M.

Together, Ukraine SaaS companies employ over 4K employees, have raised $2.4M capital, and serve over 11M customers around the world.

$0 - $1M ARR
  1. SoftFormance $996.5K
  2. LookSize $911.1K
  3. Skyworker $840.0K
  4. Serpstat $840.0K
  5. Market Logic $829.0K
$1M - $5M ARR
  1. Vistair $4.6M
  2. Orderry $3.0M
$5M - $10M ARR
  1. YouScan $5.3M
$10M+ ARR
  1. 01
    Ukrtelecom

    Ukrtelecom

    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 sw

    $220M

    7M

    3K

    1993

    Ukraine

  2. 02
    YouScan

    YouScan

    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.

    $5M

    $2M

    5K

    106

    2009

    Ukraine

  3. 03
    Vistair

    Vistair

    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 comm

    $5M

    $13M

    40

    100

    2001

    Ukraine

  4. 04
    Joinposter

    Joinposter

    Erp Software

    Point of sale for cafes and restaurants

    $4M

    8K

    140

    2013

    Ukraine

  5. 05
    ImproveIT Solutions

    ImproveIT Solutions

    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 pro

    $4M

    30

    51

    2016

    Ukraine

  6. 06
    Orderry

    Orderry

    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.

    $3M

    7K

    36

    2015

    Ukraine

  7. 07
    Aktiv Training Centre

    Aktiv Training Centre

    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 y

    $3M

    3K

    30

    2004

    Ukraine

  8. 08
    Shop-In-Box

    Shop-In-Box

    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 p

    $2M

    21

    2013

    Ukraine

  9. 09
    Honeycomb Software

    Honeycomb Software

    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 li

    $2M

    45

    2015

    Ukraine

  10. 10
    Boosteroid

    Boosteroid

    Information Technology Software

    Developer of a cloud services platform designed to offer cloud gaming experience. The company's platform provides easy access to games, application and computing power, permitting consumers to spend less money on expensive hardware and get powerful cloud c

    $1M

    55

    2017

    Ukraine

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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.