Top SaaS Companies in Maryland

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

These are the top SaaS companies in Maryland, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Maryland by featuring these 15 companies with combined revenues of $107.9M.

Together, Maryland SaaS companies employ over 968 employees, have raised $72.1M capital, and serve over 62K customers around the world.

$0 - $1M ARR
    $1M - $5M ARR
      $5M - $10M ARR
        $10M+ ARR
          1. 11
            ServiceBot

            ServiceBot

            Field Service Management Software

            Developer of a home service software designed to manage home service businesses and automate back office and customer service functionality. The company's software uses bots and machine learning to automate most of the tasks required to run a home services

            $159K

            0

            2

            2018

            Maryland

          2. 12
            wpSaaS

            wpSaaS

            Business Management Software

            WordPress Support as a Service

            $120K

            0

            5

            Maryland

          3. 13
            Around

            Around

            CRM and Related Software

            Complete social media marketing tool for online sellers. Connect your E-commerce shop to promote your product listings the most efficient way. Works with Shopify, WooCommerce, Etsy, eBay, Storenvy

            $101K

            600

            6

            2014

            Maryland

          4. 14
            Recruitlocator

            Recruitlocator

            HR Software

            Develop open-web talent sourcing tools

            $75K

            300

            3

            2016

            Maryland

          5. 15
            Illumineto

            Illumineto

            Sales Software

            Illumineto provides a cloud-based sales acceleration solution to drive increased revenue for an organization by making its sales professionals more efficient, effective and persuasive in their engagements with prospects. Illumineto increases pipeline v...

            $36K

            $700K

            100

            4

            2015

            Maryland

          6. 16
            Zenbooker

            Zenbooker

            Online Appointment Scheduling Software

            Booking software for service businesses

            $17K

            50

            1

            2018

            Maryland

          7. 17
            Farmraiser

            Farmraiser

            Vertical Industry Software

            Healthy Product fundrasing

            $15K

            $1M

            30

            9

            2014

            Maryland

          11-17 of 17

          Previous

          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.