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List of the largest SaaS companies in Cleveland, United States

Top SaaS Companies in Cleveland

These are the top SaaS companies in Cleveland, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Cleveland by featuring these 26 companies with combined revenues of $16.7M.

Together, Cleveland SaaS companies employ over 461 employees, have raised $25.3M capital, and serve over 401K customers around the world.

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Highlights

Top SaaS Companies with $1 - $5M ARR


Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


01
$5M
$300K
-
199
2006
United States
02
KP
KnowledgePost

Education Software

Provider of lead generating online platform. The company provides users an online platform to showcase products and services to professional development organizations and potential buyers.

$2M
$25M
-
19
2014
United States
03
EP
Embedded Planet

Information Technology Software

Developer of embedded hardware and software systems. The company designs, develops and deploy process for embedded systems engineering. It also offers single board computer modules and debugging tools.

$1M
-
-
19
1997
United States
04
P
Proformex

Insurance Software

Developer of a life insurance policy management software designed to assist in policy monitoring and fiduciary management. The company's carrier and distribution agnostic platform proactively alert users of potential problems with their client's in-force policies against lapsing, degradation and asset erosion, enabling customers to securely store, manage and analyze their entire in-force book of business in one place.

$966K
-
-
39
2016
United States
05
SI
Shaker International

Human Resources

Developer of a pre-employment assessment software intended to provide better talent fit with less effort and improve the quality of hire. The company's Virtual Job Tryout software suite offers online simulations that integrate gamification, simulation, realistic previews and validation and are scientifically developed specifically to each job and customer through rigorous studies by the staff, enabling candidates to have interactive on-the-job experience and employers to predict job performance.

$801K
-
-
24
2002
United States
06
T
Thinsolutions

Information Technology Software

Provider of IT monitoring and management services for businesses. The company provides specialized IT services for the legal community with expertise in document management and practice management software. It provides services to commercial, financial services and manufacturing businesses.

$728K
-
-
9
1997
United States
07
J
Jurinnov

Information Technology Software

Provider of integrated technology services. The company's integrated technology services provide better management and tracking of electronic information, uncover evidence and plan for data recovery for legal and business communities.

$633K
-
-
9
2000
United States
08
FF
Farm Fare

Agriculture Software

Opoerator of a business management and data analytics platform designed to make small farms more efficient and local food more accessible for high-volume buyers and processors. The company's platform serves as a one-stop-shop for buyers, wholesale and household alike, offering a single point of contact from which to access a number of different producers, enabling farmers and food hubs to more widely and easily access wholesale channels across an entire region.

$570K
-
-
19
2016
United States
09
NS
Nexus Software

Financial Services Software

Developer and provider of software for the banking industry. The company provides device management software for banking and retail point of sale specific devices and provides financial industry with specialized device connectivity for the retail branch operation.

$540K
-
400K
10
1985
United States
10
IPA
Innovative Process Administration

Provider of administration software. The company provides software to automate employee and benefits enrollment for employers and benefits administrators. Their software offers tool open enrollment, reporting, billing and reconciliation functions for organizations.

$526K
-
-
8
1994
United States
1 - 10 of 26Next

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.