These are the top SaaS companies in WA, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for WA by featuring these 37 companies with combined revenues of $677.4M.
Together, WA SaaS companies employ over 6K employees, have raised $10.0M capital, and serve over 1M customers around the world.
Vertafore, an Insurance Software Solutions for Carriers, Agencies, Brokers, MGAs, and MGUs. An Insurance Distribution Platform that manages business operations for Insurers, Distributors, enterprise-class Agencies and Independent Agents.
Apptio is a Bellevue, Washington-based company founded in 2007 that develops technology business management software as a service applications.
Information Technology Software
BitTitan MigrationWiz: Trusted and award winning IT migration tool since 2006, enables IT services providers to adopt the cloud.
Online Appointment Scheduling Software
The #1 cloud software for salons, spas and med spas. Over 10,000 customers in 50 countries around the world use Zenoti every day to power their business..
Process Automation Software
Achieve more with K2's low-code process automation platform. K2 connects your people, processes, and data to help you succeed.
Workforce Management Software
Envision-Enterprise-class desktop, speech analytics, call/compliance recording, quality assurance, Workforce Management, coaching, eLearning.
Accounting and Finance Software
Transform is the first centralized ‘metrics store’ that empowers data analysts to deliver accurate, timely, confident, and fast insights
Winshuttle simplifies SAP business processes by providing automated solutions for data movement, workflow applications and data governance.
Information Technology Software
Provider of financial and legal information management services. The company provides information management services via a cloud-based deal management software that helps enterprises in securing bulk databases and making financial decisions based on inves
Supply Chain & Logistics Software
Developer of collaborative software. The company engaged in developing software for companies in the construction, architectural and engineering sectors along with information management services in London.
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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.