Top SaaS Companies in Helsinki

List of the largest SaaS companies in Helsinki, Finland (Click to apply)

These are the top SaaS companies in Helsinki, Finland. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Helsinki by featuring these 61 companies with combined revenues of $186.3M.

Together, Helsinki SaaS companies employ over 3K employees, have raised $21.5M capital, and serve over 15K customers around the world.

$0 - $1M ARR
  1. Blaast $1.0M
  2. Flowdock $1.0M
  3. Agilefant $1.0M
  4. Apomatix $931.6K
  5. Kide Systems $904.4K
$1M - $5M ARR
  1. Happeo $4.9M
  2. Midaxo $4.3M
  3. Smarp $4.1M
  4. Aiforia $2.8M
$5M - $10M ARR
  1. Nosto $7.6M
  2. Yousician $7.4M
  3. UpCloud $6.2M
$10M+ ARR
  1. Nordcloud $37.7M
  2. Qvantel $16.7M
  1. 01
    Nordcloud

    Nordcloud

    Information Technology Software

    Provider of an online platform intended to offer cloud infrastructural tools and services. The company's platform helps enterprise customers gain the maximum benefits of the cloud including security, agility, scalability and overall cost-savings, enabling

    $38M

    496

    2011

    Helsinki

  2. 02
    Supermetrics

    Supermetrics

    Collaboration & Productivity Software

    Collect marketing data together|Marketing data

    $37M

    $44M

    15K

    130

    2010

    Helsinki

  3. 03
    Qvantel

    Qvantel

    Business Intelligence Software

    Developer of mobile network management software intended to help telecom operators run their business efficiently for maximum profit and minimal maintenance. The company provides cloud-based, business support systems (BSS) and IT consulting services to the

    $17M

    750

    1995

    Helsinki

  4. 04
    SSH Communication Security

    SSH Communication Security

    Security software

    SSH Communications Security Oyj is a Finland-based company. It is a provider of enterprise cybersecurity solutions that monitor, control, and automate trusted access to critical data. The company provides software, professional services, and recurring serv

    $8M

    135

    1995

    Helsinki

  5. 05
    Nosto

    Nosto

    Analytics Software

    Provider of a SaaS based personalization software designed to make online shopping more enjoyable by delivering customers personalized shopping experiences. The company's personalization software is available to online retailers without requiring any back-

    $8M

    133

    2011

    Helsinki

  6. 06
    Yousician

    Yousician

    Education Software

    Developer of a mobile, desktop and web applications designed to offer interactive music instrument learning experience. The company's education platform offers anyone to learn, play, create and teach music, enabling users to shape the content themselves.

    $7M

    139

    2010

    Helsinki

  7. 07
    UpCloud

    UpCloud

    Cloud Computing Software

    Developer of cloud-based servers designed to offer data related services. The company's servers specialize in cloud hosting that offer an hourly billed infrastructure-as-a-service for enterprise customers, enabling clients to run critical web applications

    $6M

    74

    2011

    Helsinki

  8. 08
    Happeo

    Happeo

    Cloud Computing Software

    Developer of a digital workplace platform designed to empower internal communicators to connect with employees. The company's platform helps users to manage calendar, files, conferencing and projects, even CRM and HR-systems, enabling the employer to enric

    $5M

    75

    2016

    Helsinki

  9. 09
    Midaxo

    Midaxo

    Cloud Computing Software

    Provider of a cloud-based platform designed to manage merger and acquisition pipelines. The company's cloud-based platform offers a single point storage where all relevant documents, findings and communications are stored securely from which information ca

    $4M

    57

    2011

    Helsinki

  10. 10
    Smarp

    Smarp

    Iot Software

    Provider of online employee advocacy tools intended to make knowledge sharing simple and rewarding. The company's platform can be used to leverage employees' networks in social media for sales, marketing and recruitment, enabling clients to efficiently tra

    $4M

    85

    2011

    Helsinki

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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.