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 63 companies with combined revenues of $301.9M.
Together, Minneapolis SaaS companies employ over 4K employees, have raised $260.9M capital, and serve over 40M customers around the world.
Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.
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.
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.
Customer Service Software
Innovative contact center WFO from Calabrio. An integrated solution for call recording, quality assurance, workforce management, analytics and reporting. Learn more.
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 business-to-business and business-to-consumer brands to gain visibility into supply chains, partner networks, operationalize business data and drive brand value.
Supply Chain & Logistics Software
Inspectorio offers a SaaS solution that focuses on optimizing quality, operations, and sustainability through supply chain collaboration.
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 presentation platform, which offers customizable features, real-time analytics and CRM integration capabilities, enabling sports franchises and teams to gain sponsors and connect with fans through compelling presentations and interactions.
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, mobile, text messaging and social media.
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 communication.
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 were unable to process so many leads. We work with tech startups and unicorns. Many of our clients doubled, tripled and quadrupled the number of SDRs assigned to help them with lead generation. Since 2017, we grew from one to a globally distributed team of over 50 high-performing, happy people that are dedicated to innovating and creating new ways to exceed in lead generation. Talk to us now; schedule a call via https://calendly.com/bmteam
Application Development Software
Leadpages is a tool that lets you create launch pages, sales pages, pop ups, and other conversion pages
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.