These are the top SaaS companies in Fort Worth, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Fort Worth by featuring these 8 companies with combined revenues of $568.3M.
Together, Fort Worth SaaS companies employ over 878 employees, have raised $22.3M capital, and serve over 3M customers around the world.
Financial Services Software
Elevate Credit Inc provides online credit solutions. The company provides credit to non-prime consumers, many of whom face reduced credit options and increased financial pressure due to macroeconomic changes over the past few decades. It has one reportable segment, which provides online financial services for subprime credit consumers, which is composed of the company's operations in the United States and the United Kingdom. The company derives most of its revenue from the United States.
Digital Advertising Platforms
Simpli.fi is the leader in programmatic advertising built for the precision and scale of CTV, addressable, and mobile advertising. Simpli.fi works with the world’s largest buyers of localized advertising, including multi-location brands, agencies, local media groups, networks, and trading desks. With over 130,000 active daily campaigns run by more than 30,000 active advertisers, Simpli.fi’s clients are able to deliver performance on high volumes of campaigns and provide deep insights into their dynamic audiences, bringing them one step closer to truly personalized, one-to-one marketing.
Provider of dealer management software services. The company provides management application software to automobile dealerships, credit history reporting, autostar portal pay, a system for allowing customers to make payments online, buy here pay here (BHPH) service and custom reports.
Lead Generation Services
Developer of cloud-based oil and gas accounting software. The company helps oil and gas operators, interest owners, mineral companies and private equity companies properly manage the complex accounting needs of the industry with purpose-built oil and gas accounting software, enabling small and medium-sized businesses to improve accounting processes at an affordable price using an application that can grow and scale with the full suite of capabilities needed to run a modern energy workplace.
Provider of web-based food services. The company provides web-based application that provides secure, wizard-driven tools to analyze the user's recipes and menus for nutrition and profitability.
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.