Top SaaS Companies in Chicago

List of the largest SaaS companies in Chicago, United States (Click to apply)

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 165 companies with combined revenues of $7.6B.

Together, Chicago SaaS companies employ over 29K employees, have raised $253.4M capital, and serve over 1M customers around the world.

$0 - $1M ARR
  1. Performitiv $980.6K
  2. ADSHIFT $973.3K
  3. Channel IQ $927.8K
  4. MarketMaker4 $907.6K
  5. Nimbulis $837.4K
$5M - $10M ARR
  1. Revenew $9.4M
  2. Adeptia $9.0M
  3. Ycharts $8.4M
  4. Vibes $7.5M
$10M+ ARR
  1. InterCall $2.7B
  2. Flexport $861.0M
  3. Inteliquent $533.0M
  4. OneSpan $201.0M
  1. 01
    Performitiv

    Performitiv

    Enterprise Software

    Performitiv is a cloud-based enterprise relationship management software

    $981K

    11

    2015

    Chicago

  2. 02
    ADSHIFT

    ADSHIFT

    Digital Advertising Platforms

    ADSHIFT was founded in 2013 as a Pay Per Click marketing and technology firm focused on integrating client data including inventory, profit margins, and product pricing to drive real-time account updates. We believe the next frontier in digital market...

    $973K

    $650K

    11

    2011

    Chicago

  3. 03
    Channel IQ

    Channel IQ

    Retail Software

    Provider of online retail intelligence, channel management and online price monitoring software to manufacturers and retailers. The company provides software for channel management, brand protection, retail management and competitive brand intelligence.

    $928K

    14

    2009

    Chicago

  4. 04
    MarketMaker4

    MarketMaker4

    Information Technology Software

    Provider of software supply chain negotiations or auctions services. The company provides e-procurement, online auctions, market intelligence, strategic sourcing and supply chain consulting.

    $908K

    19

    2011

    Chicago

  5. 05
    Nimbulis

    Nimbulis

    Project|Portfolio & Program Management Software

    Why Nimbulis? Nimbulis is a leader in Collaborative Work Management (CWM) for the modern workplace. It dramatically improves workforce engagement and productivity by providing one place to connect, collaborate, and work together. Daily workloads are ce...

    $837K

    11

    2016

    Chicago

  6. 06
    StoryQuest

    StoryQuest

    Marketing Software

    Provider of digital postcard technology. The company's platform incorporates corporate content within a recorded digital message designed to enhance consumer communications into personalized conversations and content-marketing collateral.

    $836K

    12

    2004

    Chicago

  7. 07
    simMachines

    simMachines

    Analytics Software

    Developer of a machine learning software designed to offer justification behind predictions. The company's software utilizes proprietary machine learning algorithms to make predictions, recommendations, group objects and search for similar things, enabling

    $832K

    19

    2012

    Chicago

  8. 08
    Modern Teacher

    Modern Teacher

    Education Software

    Advisor to K-12 school districts created to develop a common language and practical methodology for the district-wide transition to Modern Learning. The company offers methodology, community, resources and support to enable Digital Convergence, the fundame

    $818K

    16

    2012

    Chicago

  9. 09
    Chorerelief|ChoreRelief

    Chorerelief|ChoreRelief

    B2B Marketplace Platforms

    Home repair marketplace reimagined. |Marketplace and operations software for home services

    $800K

    $2M

    200

    6

    2017

    Chicago

  10. 10
    Hatch Loyalty

    Hatch Loyalty

    Enterprise Software

    Provider of a customer loyalty platform designed to help retailers and brands build stronger relationships with their customers. The company's platform offers reward cards and loyalty programs to leverage member data to make more informed decisions, enabli

    $797K

    18

    2011

    Chicago

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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.