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 30 companies with combined revenues of $1.3B.
Together, Illinois SaaS companies employ over 7K employees, have raised $252.4M capital, and serve over 37K customers around the world.
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.
Digital Advertising Platforms
Created the most comprehensive, automated and intelligent software platform for the digital media industry.
help brands grow
CRM and Related Software|Call Tracking Software
DialogTech‚Äôs AI call tracking and conversation analytics helps digital marketers and agencies track ROI, drive sales, and personalize experiences.
talent acquisition software
project44 is the world‚Äôs leading advanced visibility platform for shippers and third-party logistics firms. project44 connects, automates and provides visibility into key transportation processes to accelerate insights and shorten the time it takes to tu
Sales Enablement & Content Management Platform
Talent Management Software
The all-in-one hiring and talent management platform for businesses of all sizes. Centralize your hiring process to save time and build your best team.
Vertical Industry Software
YCharts Enables Smarter Investment Decisions
Thousands of nonprofits use Neon's nonprofit CRM to manage their fundraising, membership, events, and website ‚Äî and ultimately grow their organization.
1-10 of 34Next
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.