Top SaaS Companies in Minnesota

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

These are the top SaaS companies in Minnesota, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Minnesota by featuring these 88 companies with combined revenues of $709.8M.

Together, Minnesota SaaS companies employ over 13K employees, have raised $14.0M capital, and serve over 42M customers around the world.

$0 - $1M ARR
  1. TJ Studio $967.7K
  2. NowDocs $891.5K
  3. Agosto $872.4K
  4. TADS $866.6K
$5M - $10M ARR
$10M+ ARR
  1. ExitCare $474.2M
  2. Gomodus $33.6M
  1. 01
    ExitCare

    ExitCare

    Healthcare Software

    Provider of software for patient education. The company offers images, prints and videos for patient education. It offers is products for hospital and health care industry.

    $474M

    0

    10K

    1996

    Minnesota

  2. 02
    CA Technologies

    CA Technologies

    Database Software

    CA Technologies' business CA Arcserve is a provider of data protection software services. The business enables mid-market, SMB and enterprises to backup, replicate and recover data. Its main product is Unified Data Protection.

    $41M

    0

    514

    2014

    Minnesota

  3. 03
    Gomodus

    Gomodus

    CRM and Related Software

    Modus is the leading B2B sales enablement platform that empowers sales teams to create compelling content, capture new customers and close more business.

    $34M

    80K

    43

    2015

    Minnesota

  4. 04
    Total Expert

    Total Expert

    Marketing Automation Software

    Total Expert is a fintech software pioneer of the first modern, enterprise-level Marketing Operating System (MOS) that enables financial services organizations to create customers or members for life by re-humanizing complex financial decisions. The compan

    $20M

    $86M

    100

    250

    2012

    Minnesota

  5. 05
    Verify Brand

    Verify Brand

    Information Technology Software

    Developer of a cloud-based traceability platform designed to offer end-to-end tracking and tracing across the entire supply chain. The company's cloud-based traceability platform offers serialization, detection and detering counterfeiting, enabling busines

    $20M

    0

    368

    2004

    Minnesota

  6. 06
    ImageTrend

    ImageTrend

    Information Technology Software

    Developer of a healthcare data system designed to facilitate medical data management. The company's healthcare data system uses a unique technology to do data analysis, develop mobile integrated healthcare programs to serve community needs and sends alerts

    $10M

    0

    186

    1998

    Minnesota

  7. 07
    Investigo Corporation

    Investigo Corporation

    Information Technology Software

    Developer of a web-based practice management system created to provide a fast and accurate portal for asset tracking, client management and regulatory compliance. The company's practice management system is a data aggregation tool that automatically downlo

    $9M

    0

    296

    2001

    Minnesota

  8. 08
    When I Work

    When I Work

    Time Tracking Software

    Developer of a software platform for businesses to communicate with its employees. The company enables businesses to track payroll hours and prepare data for payroll processing via the cloud and to schedule and communicate with its employees using the web,

    $6M

    150K

    175

    2010

    Minnesota

  9. 09
    OurFamilyWizard

    OurFamilyWizard

    Legal Software

    Developer of online tools for divorced parents. The company also designs and develops a website that allows parents and guardians to schedule and track parenting time, share important family information and expenses as well as create clear divorce communic

    $5M

    1M

    77

    2001

    Minnesota

  10. 10
    Sportsdigita

    Sportsdigita

    Information Technology Software

    Developer of sales enablement software intended to help businesses develop sales presentations, showcase their brands and drive revenue. The company's products include e-brochures, 360-degree seat-viewers, loyalty programs as well as a digital cloud-based

    $5M

    0

    58

    2010

    Minnesota

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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.