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There are 86 SaaS companies in Maryland. They have $562M combined revenue and employ 4.3K people. See the full list here including CEO email.

Top SaaS Companies in Maryland

These are the top 86 SaaS companies in Maryland. In today's day and age it's possible to launch a company from anywhere. We wanted to show some love for Maryland by featuring these 86 companies with combined revenues of $562M.

Together, Maryland SaaS companies employ over 4.3K employees, have raised $1.2B capital, and serve over 1.2M customers around the world.

Data: This data was collected through the Latka podcast where each CEO was interviewed for company details.

Divider

SaaS Companies in Maryland Ranked by Revenue

1
$86.5M
300
2006
$61.7M
149
2
$60M
800
2001
$137.5M
220
3
$50M
2K
2015
$4M
366
4
$38.6M
0
1985
-
347
5
$31.3M
30K
2009
-
71
6
$17.7M
0
2010
$32.7M
238
7
$14.5M
2K
2005
$20.9M
147
8
$14.5M
0
2001
-
124
9
$13.4M
0
2010
$16.8M
42
10
$13M
5.5K
2006
-
55
11
$12.8M
100
1999
$1.5M
169
12
$10.4M
7.5K
2014
-
100
13
$9.8M
0
2009
-
283
14
$9.8M
0
1990
-
100
15
$9.8M
200
2012
$61.6M
116
16
$8.8M
0
1987
-
74
17
$8.7M
0
2013
$73M
51
18
$8.2M
0
1999
-
103
19
$7.9M
0
1998
-
5
20
$7.7M
0
1996
$150K
80
1 - 20 of 85

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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.