These are the top SaaS companies in Raleigh, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Raleigh by featuring these 5 companies with combined revenues of $202.9M.
Together, Raleigh SaaS companies employ over 3K employees, have raised $56.0M capital, and serve over 500 customers around the world.
Bandwidth is a Communications Platform as a Service company.
Seismic is a sales enablement and marketing orchestration platform that improves close rates & delivers larger deals for sales teams.
CRM and Related Software
Pendo provides software product managers and teams with a powerful integrated platform to better understand and improve the product experience. Without requiring any engineering resources, organizations can use Pendo to extend their product to capture ...
Empliant online benefits enrollment and administration, surveys, and other employee self-service technology solutions for Human Resource Departments
The enterprise #PaaS company. Our beat: Platforms on-demand, IT #automation, #cloud, IaaS, PaaS, SaaS, and aligning #enterprise IT with the business.
CRM and Related Software
Hassle Free Social Media Monitoring Tools
Finance-owned software that leverage your existing financial systems to speed-up processes, increase accuracy,and encourage wider participation. Flexible reporting tools, fast analytics dashboards, and controlled budgeting solutions inside of Excel and...
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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.
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.