These are the top SaaS companies in Evanston, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Evanston by featuring these 6 companies with combined revenues of $131.8M.
Together, Evanston SaaS companies employ over 1K employees, have raised $29.4M capital, and serve over 12K customers around the world.
Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.
help brands grow
Supply Chain & Logistics Software
Provider of an online marketplace designed to help farmers to supply food. The company's marketplace helps to connect local farms and access to locally-grown food, enabling users to accept pre-orders and prepayment through its platform.
Digital Advertising Platforms
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Developer of a cloud-based appraisal management system created to provide jewelry and watches insurance. The company's system provides verified appraisals and immediate replacement coverage by the partner insurance carrier, enabling customers to get access to expert appraisals and immediate insurance coverage for their valuable accessories in a convenient manner.
Information Technology Software
Operator of a real estate technology company in Chicago, Illinois. The company offers a software-as-a-service product offering and platform that combines mapping technology and data aggregation tools to offer parcel-specific information and actionable data to various segments of the real estate value chain.
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.