These are the top SaaS companies in Knoxville, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Knoxville by featuring these 5 companies with combined revenues of $3.5M.
Together, Knoxville SaaS companies employ over 85 employees, have raised $0 capital, and serve over 0 customers around the world.
Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.
Real Estate Software
Developer of a cloud based visual marketing tool designed to simplify the process of real estate marketing. The company's visual marketing tool specializes in creating customized visual tours, automatically generate new tours and distribute them broadly, converts tours in videos and facilitates automation manager, mapping and voice narration, enabling users to search for properties online and thereby save their time.
Cloud Platform As A Service (Paas) Software
Developer of a cloud based social platform designed to connect drivers and shippers. The company's cloud based social platform is designed to help fleet manager make the most of their electronic logging device by harnessing cloud technology and GPS data and connects them to a global real time truckload ecosystem, enabling them to have more control over their time and payload.
Provider of managed hosting, support and cloud services. The company provides cloud computing services and managed information technology support.
Developer of online government software platform. The company's solutions are fully-integrated, flexible and customizable, providing city governments, chancery courts, county finance offices, county trustees and tax collectors with an affordable and powerful software to work smarter and faster.
Email Marketing Software
Making energy efficiency stick
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.