Top SaaS Companies in Raleigh

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

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 39 companies with combined revenues of $504.7M.

Together, Raleigh SaaS companies employ over 3K employees, have raised $56.0M capital, and serve over 568K customers around the world.

$0 - $1M ARR
  1. Clearconnex $939.5K
  2. Aperek $737.7K
  3. SLEDVision $706.1K
$5M - $10M ARR
$10M+ ARR
  1. Bandwidth $343.1M
  2. Pendo $100.0M
  1. 01
    Bandwidth

    Bandwidth

    Application Development Software

    Bandwidth is a Communications Platform as a Service company.

    $343M

    $21M

    600

    836

    1999

    Raleigh

  2. 02
    Pendo

    Pendo

    CRM and Related Software

    Pendo makes software better

    $100M

    $470M

    2K

    675

    2013

    Raleigh

  3. 03
    Prometheus Group

    Prometheus Group

    Enterprise Software

    Prometheus Group Enterprises is a provider of enterprise application software. The company offers Enterprise Asset Management (EAM) software and other SAP-certified services for plant maintenance, capital projects, shutdowns and turnarounds to oil and gas,

    $19M

    50K

    423

    1998

    Raleigh

  4. 04
    Glance Metrics

    Glance Metrics

    Communication Software

    Dev is a community of software developers getting together to help one another out.

    $11M

    180

    2014

    Raleigh

  5. 05
    Zift Solutions

    Zift Solutions

    Marketing Software

    Real solutions for your complex channel program. More than 80% of channel chiefs and more than half a million partners rely on Zift Solutions to drive channel success.

    $9M

    $24M

    142

    2006

    Raleigh

  6. 06
    Pryon

    Pryon

    Artificial Intelligence Software

    Pryon is an AI company focused on enterprise knowledge management.

    $3M

    $37M

    35

    2017

    Raleigh

  7. 07
    Element451

    Element451

    Analytics Software

    Developer of an admission marketing technology designed to simplify the process of college enrollment. The company's technology optimizes admission procedure and enrollment management and offers email and sms marketing, visit programs, admitted yield, mess

    $2M

    $4M

    29

    2017

    Raleigh

  8. 08
    LeadsNearby

    LeadsNearby

    Customer Support Software

    Contractors have trusted LeadsNearby since 2010 for their internet marketing and local lead generation services. You deserve more from your online marketing - call LeadsNearby now: 919-758-8420.

    $2M

    31

    2010

    Raleigh

  9. 09
    Constellation Digital Partners

    Constellation Digital Partners

    Collaboration & Productivity Software

    Provider of a secure and flexible cloud-based marketplace intended to offer digital finance services. The company's marketplace helps credit unions to offer financial services in a way that helps them to place members at the center of their business strate

    $2M

    33

    2017

    Raleigh

  10. 10
    Intervolve

    Intervolve

    Enterprise Software

    Provider of on demand supply chain software designed to help beer distributors analyze customer accounts and product placement. The company's demand supply chain software help companies automate the collection, analysis and dissemination of sales and distr

    $1M

    $8M

    21

    1999

    Raleigh

1-10 of 41

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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.