These are the top SaaS companies in Norwich, United Kingdom. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Norwich by featuring these 6 companies with combined revenues of $33.9M.
Together, Norwich SaaS companies employ over 514 employees, have raised $5M capital, and serve over 400K customers around the world.
Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.
Information Technology Software
Provider of digitization service for fast moving consumer goods. The company provides electronic way of product images & data and distributes this content automatically to retailers.
Provider of SaaS-based claims-management and counter-fraud software services. The company's suite of software products are designed to enable the efficient assessment and processing of motor-insurance claims for its customer base along with value-added services that helps to identify high-risk or fraudulent motor claims, which they can choose to manage their claims internally, or to outsource the process as part of their managed service, enabling companies in the motor insurance industry to streamline the claims process and deliver a high degree of outcome consistency.
Artificial Intelligence Software
Developer of a cloud-based artificial intelligence platform intended to automate decision making The company's platform includes authoring platform and cognitive reasoning engine captures expertise on any subject and publish a virtual online expert with human-like decision making capabilities, enabling businesses in any sector to cost-effectively replicate complex decision-making and make it available at scale.
Information Technology Software
Developer of cloud-based HR information system and management software created to automate human resources operations. The company's cloud-based HR information system and management software is a fully integrated, end-to-end human resources management system based on a unified platform with a single data set that enables businesses to achieve great workforce experiences in full employment journey, from people marketing, recruitment and onboarding, to analytics, reviews and succession planning.
Employee Benefits Software
Building the future of work wellbeing
Developer of transport management software designed to offer business productivity service. The company offers transport management system, mobile applications, software development services to various clients and also guides them through their cloud applications, enabling transport business to reduce their cost of operations and increase profitability.
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.