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There are 134 SaaS companies in North Carolina. They have $1.3B combined revenue and employ 8.6K people. See the full list here including CEO email.

Top SaaS Companies in North Carolina

These are the top 134 SaaS companies in North Carolina. In today's day and age it's possible to launch a company from anywhere. We wanted to show some love for North Carolina by featuring these 134 companies with combined revenues of $1.3B.

Together, North Carolina SaaS companies employ over 8.6K employees, have raised $1.8B capital, and serve over 1.5B 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 North Carolina Ranked by Revenue

1
$356M
200K
2013
$130M
935
2
$200M
3K
2013
$469.6M
840
3
$100M
0
2012
-
1
4
$99.6M
5K
2020
$27.5M
917
5
$73.9M
4K
1989
-
215
6
$70M
410
2014
$37.5M
207
7
$39.4M
23K
2001
-
501
8
$22.6M
1K
2010
$123.5M
317
9
$19.6M
0
2012
$34.1M
179
10
$17.4M
3M
2006
$172.6M
254
11
$17.4M
350
2000
$45M
229
12
$14M
1K
2014
-
40
13
$13.8M
0
2017
$36.5M
124
14
$13M
2K
2006
$48M
393
15
$11.1M
500
2008
$81.1M
139
16
$10.6M
35K
2009
-
93
17
$9.5M
0
2017
$8.6M
115
18
$7.7M
150K
2011
$550K
55
19
$7.7M
0
2003
$4.2M
70
20
$7.6M
0
2017
$30M
251
1 - 20 of 134

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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.