These are the top SaaS companies in Charleston, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Charleston by featuring these 10 companies with combined revenues of $33.5M.
Together, Charleston SaaS companies employ over 705 employees, have raised $16.2M capital, and serve over 450 customers around the world.
Crm And Related Software
Provider of business process improvement services intended to help companies transform their business with oracle cloud. The company's business process improvement services includes managed services, supply chain planning, e-business suite, suite of applic
Provider of cyber-crime management platform intended to prevent and mitigate attacks. The company's cyber-crime management platform provides a comprehensive set of anti-phishing, anti-malware and other crime management services, enabling enterprises to red
CRM and Related Software
We provide the next generation Visual CPQ
Ceterus provides a done-for-you accounting and benchmarked reporting solution for multi-unit franchisees.
Developer of a healthcare mobile application designed to facilitate intra-hospital communication between patients and caregivers. The company's cloud-based application creates a virtual chatroom to exchange health data, manage medical records and communica
Information Technology Software
Developer of a cloud-based charitable giving platform designed to connect companies, brands, and customers around shared causes in the financial services and loyalty sectors. The company's platform uses a set of a robust enterprise features and APIs, enabl
Collaboration & Productivity Software
Developer of an emotion tracking software designed to express real emotion at the forefront of online conversation. The company's software provides high-level analytics for better insights and accurate prediction of behaviors through the mediating phenomen
Provider of a cloud-based workforce management platform designed for the service industry. The company's human resource management solution is specifically built to serve hourly workforces in the service industry. The online platform helps hire, develop, s
Developer of a cloud-based platform designed to share connected toys. The company's open platform merges elements of child's play and technology, enabling children to interact with their toys in revolutionary and modern ways.
Project|Portfolio & Program Management Software
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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.
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.