These are the top SaaS companies in Indianapolis, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Indianapolis by featuring these 38 companies with combined revenues of $173.1M.
Together, Indianapolis SaaS companies employ over 2K employees, have raised $703.1M capital, and serve over 52M customers around the world.
Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.
Top SaaS Companies with $5 - $10M ARR
ACL Services is a privately owned software company. It provides an enterprise SaaS platform that converges governance, risk management and compliance (GRC), corporate performance management (CPM) and data automation. The company was founded in 1987 and is based in Vancouver, Canada.
Content Management Systems
Formstack is a data management solution that helps users collect information through various types of online forms, including surveys, job applications, event registrations, and payment forms.
We help you foster employee confidence, one lesson at a time. We love customer service training, sales training, and employee onboarding.
Crm And Related Software
Provider of a cloud-based healthcare relationship management platform designed to personalize the healthcare experience for providers and the patients they serve. The company's platform increases internal efficiency and communication while decreasing manual reporting, tracks test utilization metrics and benchmarks to cut back on unnecessary or unreimbursed tests, enabling healthcare providers to deliver enhance healthcare experiences to their clients and patients.
Sharpen Technologies operates as a SaaS company that provides software and voice solutions.
CRM and Related Software
Drive engagement and increase revenue with email marketing services. Delivra is the highest user-rated email marketing automation platform on the market.
Software that activates precision health
Provider of a SaaS management platform designed to optimize cloud-based subscription. The company's platform allows users to gain visibility into hidden employee expenditures and manage contract renewals, understand the utilization of SaaS subscriptions across the organization to capture sentiment and specific insights, enabling clients to discover, manage, measure and optimize their SaaS investments.
Developer of an insurance management platform intended to track and manage certificates of insurance. The company's platform specializes in pharmaceutical, construction and municipal certificate management, enabling companies to automate COI collection and compliance validation easily.
Digital Advertising Platforms
Demandwell is SEO software, helps B2B SaaS marketers turn organic search into a source of repeatable revenue through software and coaching.
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.