These are the top SaaS companies in Chicago, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Chicago by featuring these 161 companies with combined revenues of $2.2B.
Together, Chicago SaaS companies employ over 27K employees, have raised $249.4M capital, and serve over 177K customers around the world.
Supply Chain & Logistics Software
Flexport is a licensed customs brokerage and freight forwarder built around a modern web application. Its freight service includes an online dashboard for businesses to easily understand, purchase, manage, and track the services required for global trade.
Email Marketing Software
Integrated email marketing, marketing automation, and small business CRM. Save time while growing your business with sales automation.
Digital Advertising Platforms
Created the most comprehensive, automated and intelligent software platform for the digital media industry.
Governance|Risk & Compliance Software
Provider of compliance and risk management software. The company offers a software that allows companies to manage their compliance obligations and risk mitigation in the areas of safety, health and the environment. It offers its services to utilities, oil
Digital Analytics Software
Uptake is the industrial analytics platform that delivers products to major industries to increase productivity, security, safety and reliability.
Relativity provides eDiscovery software solutions that give corporations, governments, & law firms tools to manage litigation, investigations & FOIA requests. Learn about Relativity's eDiscovery solutions to aid legal review, litigation support, docume...
Digital Advertising Platforms
Operator of sports and entertainment network on the internet. The company has unique sports and entertainment sites dedicated to team-specific, sport-specific, genre-specific and fanbase-specific coverage.
Accounting And Finance Software
Vasco Data Security International designs, develops and markets digital services for identity, security and business productivity that protect and facilitate transactions online, via mobile devices and in-person. The company provides anti-fraud and digital
Sphera Solutions is a provider of software and information services intended to help customers advance operational excellence to create sustainable value. The company's SaaS-based platform offers software information services in the operational risk, envir
Provider of sales performance software. The company provides a framework for sales leaders to understand their performance gaps and prioritize initiatives. It provides sales performance improvement services that enable its clients to fundamentally improve
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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.