These are the top SaaS companies in CO, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for CO by featuring these 29 companies with combined revenues of $233.5M.
Together, CO SaaS companies employ over 3K employees, have raised $37.0M capital, and serve over 40K customers around the world.
Pluralsight, Inc. is an American publicly held online education company that offers a variety of video training courses for software developers, IT administrators, and creative professionals through its website.
It Management Software
Cherwell Software is a privately held American technology company specializing in IT Service Management software.
It Management Software
JumpCloud is an open directory platform for secure, frictionless access from any device to any resource, anywhere|JumpCloud's Directory-as-a-Service® (DaaS) is the single point of authority to authenticate, authorize, and manage the identities of a busines
Enterprise Online Survey Software & Tools
Real Estate Software
The industry's only comprehensive community management platform with communication & self-service tools, in-app payments, accounting & security. Learn more!
Cad & Plm Software
Aurora Solar - a cloud-based platform that enables sophisticated solar PV engineering design, supports operations, and facilitates customer acquisition for solar professionals.
Enverus provides cloud-based financial automation and oil and gas accounting software solutions, and royalty owner support solutions for the oil and gas industry.
Information Technology Software
We use our software and data analytics engine to efficiently and cost-effectively uncover energy efficiency opportunities for businesses.
Project|Portfolio & Program Management Software
Windward Studios is a software development company based in Boulder, Colorado.
Governance|Risk & Compliance Software
simplifya assists cannabis businesses, law firms, consultants, financial institutions, and regulatory agencies with monitoring licensee operations for compliance with state and local regulations.
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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.