These are the top SaaS companies in New Orleans, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for New Orleans by featuring these 7 companies with combined revenues of $22.8M.
Together, New Orleans SaaS companies employ over 286 employees, have raised $48.9M capital, and serve over 101K customers around the world.
Levelset helps contractors and suppliers get payment under control, promoting smooth payments and successful projects. By connecting to Levelset‚Äôs cloud-based platform, contractors and suppliers can make payment processes easy and simple. Users can easily exchange payment documents like lien waivers, pay applications, and preliminary notices, they see a complete picture of who is on their job, and are encouraged with the resources and knowledge they need to be confident in payment. The results are faster payments and fewer surprises. Levelset was founded in 2007 and is headquartered in New Orleans, Louisiana.
Web Management Software
Provider of a platform designed to offer software development services. The company's platform offers an application which accelerates the product development process, enabling start ups to get the required the software that help them improve their revenues and businesses.
B2B SaaS for skills management
Financial Services Software
Provider of a mobile fin-tech application designed to get more free time and control money for free. The company's mobile fin-tech application automatically updates financial situation and allows to make a list of expenses and subscriptions to find the better deals, enabling people to make better financial decisions.
Customer Orchestration Software
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Developer of a personal online health assistant platform designed to connect people with caregivers and receive medical consultation in real time. The company's platform lets its users to post questions, start a Web chat and ask doubts related to women health to a forum of connected physicians, on areas such as general health, sexual and reproductive health, mental health and wellness, enabling patients to get real-time feedback in a hassle free manner.
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.