Top SaaS Companies in Minneapolis

List of the largest SaaS companies in Minneapolis, United States (Click to apply)

These are the top SaaS companies in Minneapolis, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Minneapolis by featuring these 60 companies with combined revenues of $277.6M.

Together, Minneapolis SaaS companies employ over 4K employees, have raised $14.0M capital, and serve over 40M customers around the world.

$0 - $1M ARR
  1. Axonom $906.9K
  2. Agosto $872.4K
  3. TADS $866.6K
  4. TracFax $715.0K
  5. Argos Risk $646.5K
$5M - $10M ARR
$10M+ ARR
  1. Field-Nation $116.7M
  2. Gomodus $33.6M
  3. Calabrio $22.6M
  1. 01
    Field-Nation

    Field-Nation

    Field Service Management Software

    Improve your field services with Field Nation. With over 5 million completed jobs, Field Nation is the best place to complete work & manage projects.

    $117M

    $30M

    200

    1K

    2008

    Minneapolis

  2. 02
    Gomodus

    Gomodus

    CRM and Related Software

    Modus is the leading B2B sales enablement platform that empowers sales teams to create compelling content, capture new customers and close more business.

    $34M

    80K

    43

    2015

    Minneapolis

  3. 03
    Calabrio

    Calabrio

    Customer Service Software

    Innovative contact center WFO from Calabrio. An integrated solution for call recording, quality assurance, workforce management, analytics and reporting. Learn more.

    $23M

    $9M

    659

    2007

    Minneapolis

  4. 04
    Verify Brand

    Verify Brand

    Information Technology Software

    Developer of a cloud-based traceability platform designed to offer end-to-end tracking and tracing across the entire supply chain. The company's cloud-based traceability platform offers serialization, detection and detering counterfeiting, enabling busines

    $20M

    368

    2004

    Minneapolis

  5. 05
    When I Work

    When I Work

    Time Tracking Software

    Developer of a software platform for businesses to communicate with its employees. The company enables businesses to track payroll hours and prepare data for payroll processing via the cloud and to schedule and communicate with its employees using the web,

    $6M

    150K

    175

    2010

    Minneapolis

  6. 06
    OurFamilyWizard

    OurFamilyWizard

    Legal Software

    Developer of online tools for divorced parents. The company also designs and develops a website that allows parents and guardians to schedule and track parenting time, share important family information and expenses as well as create clear divorce communic

    $5M

    1M

    77

    2001

    Minneapolis

  7. 07
    Sportsdigita

    Sportsdigita

    Information Technology Software

    Developer of sales enablement software intended to help businesses develop sales presentations, showcase their brands and drive revenue. The company's products include e-brochures, 360-degree seat-viewers, loyalty programs as well as a digital cloud-based

    $5M

    58

    2010

    Minneapolis

  8. 08
    Brightest Minds

    Brightest Minds

    B2B Marketplace Platforms

    At BrightestMinds, we're incubating the Sales Development Reps of the future, supercharged with intent-driven data and tools under one solution. We've achieved 10x cost efficiency vs AdWords. We had cases when clients requested that we slow down, as they

    $4M

    65

    2016

    Minneapolis

  9. 09
    Avenue-81, Inc. dba LeadPages

    Avenue-81, Inc. dba LeadPages

    Leadpages is a tool that lets you create launch pages, sales pages, pop ups, and other conversion pages

    $4M

    $38M

    40K

    57

    2012

    Minneapolis

  10. 10
    eLumen

    eLumen

    Education Software

    Twitter feed for eLumen, Inc.

    $4M

    44

    2003

    Minneapolis

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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.