Top SaaS Companies in Newark
List of the largest SaaS companies in Newark, United States (Click to apply)
These are the top SaaS companies in Newark, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Newark by featuring these 7 companies with combined revenues of $9.2M.
Together, Newark SaaS companies employ over 305 employees, have raised $12.5M capital, and serve over 30K customers around the world.
- CorVant $1.0M
- All Time Design $780.0K
- Hellotars $240.0K
- Helpwise $97.2K
- The Sales Huddle $3.6M
- Adriel $2.5M
- 01
The Sales Huddle
HR Software
Fast. Fun. Effective. Gamify your training with 1HUDDLE. https://t.co/OjBGAgRZxu
$4M
$8M
111
90
2015
Newark
- 02
$2M
$7M
—
60
2017
Newark
- 04
Lyceum Technologies, Inc.
Customer Success Software
A video personalization and distribution platform that helps enterprise businesses achieve their marketing and sales goals through seamless video workflows.
$1M
$6M
30K
74
2016
Newark
- 05
$780K
—
—
60
—
Newark
- 06
Hellotars
Artificial Intelligence Software
Use Tars to make a Conversational workflow to talk to your Ad-Click Prospects. Give them a conversational post-click experience and convert them better.
$240K
—
150
4
2016
Newark
- 07
$97K
—
—
9
—
Newark
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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.