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List of the largest SaaS companies in Indianapolis, United States

Top SaaS Companies in Indianapolis

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.

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Highlights

Top SaaS Companies with $5 - $10M ARR


01
$50M
$50M
7K
630
1987
United States
02
F
Formstack

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.

$41M
$425M
25K
239
2006
United States
03
L
Lessonly

HR Software

We help you foster employee confidence, one lesson at a time. We love customer service training, sales training, and employee onboarding.

$24M
$36M
500
191
2012
United States
04
h
hc1

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.

$15M
$44M
52M
188
2001
United States
05
S
Sharpen

Communication Software

Sharpen Technologies operates as a SaaS company that provides software and voice solutions.

$12M
$49M
2K
105
2011
United States
06
D
Delivra

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.

$5M
-
500
48
1999
United States
07
L
Lifeomic

Healthcare Software

Software that activates precision health

$4M
-
1
103
2017
United States
08
Z
Zylo

Analytics Software

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.

$4M
$35M
-
81
2016
United States
09
mCOI
myCOI

Management Software

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.

$3M
$7M
-
67
2009
United States
10
DW
DemandWell

Digital Advertising Platforms

Demandwell is SEO software, helps B2B SaaS marketers turn organic search into a source of repeatable revenue through software and coaching.

$2M
$10M
-
20
2018
United States
1 - 10 of 37Next

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.