These are the top SaaS companies in Illinois, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Illinois by featuring these 192 companies with combined revenues of $7.7B.
Together, Illinois SaaS companies employ over 32K employees, have raised $253.4M capital, and serve over 2M customers around the world.
Customer Service Software
Provider of cloud-based unified communications service. The company provides conference and collaborations tool, audio conferencing, webcasting and unified communication services. It also offers telephony, messaging, conferencing and collaboration tools to
Content Management Systems
Provider of cloud based digital service platform build to help create simple, friction less web experiences. The company's service offers web experience technologies like mobile application, chatbots and voice assistants, data driven marketing services, ap
Supply Chain & Logistics Software
Flexport is a licensed customs brokerage and freight forwarder built around a modern web application. Its freight service includes an online dashboard for businesses to easily understand, purchase, manage, and track the services required for global trade.
Provider of network-based voice and messaging services to wireless, cable, carrier and communication service providers. The company offers a variety of voice services including local transit, long distance, switched access, international voice, direct inwa
It Infrastructure Software
Cambium Networks Corp provides wireless broadband networking infrastructure solutions for network operators, including medium-sized wireless Internet service providers, enterprises and government agencies. The company's scalable, reliable and high-performa
Accounting And Finance Software
Vasco Data Security International designs, develops and markets digital services for identity, security and business productivity that protect and facilitate transactions online, via mobile devices and in-person. The company provides anti-fraud and digital
Digital Advertising Platforms
Created the most comprehensive, automated and intelligent software platform for the digital media industry.
help brands grow
Governance|Risk & Compliance Software
Provider of compliance and risk management software. The company offers a software that allows companies to manage their compliance obligations and risk mitigation in the areas of safety, health and the environment. It offers its services to utilities, oil
Digital Advertising Platforms
Operator of sports and entertainment network on the internet. The company has unique sports and entertainment sites dedicated to team-specific, sport-specific, genre-specific and fanbase-specific coverage.
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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.