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 89 companies with combined revenues of $710.4M.

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

$0 - $1M ARR
    $1M - $5M ARR
      $5M - $10M ARR
        $10M+ ARR
          1. 11
            Brightest Minds

            Brightest Minds

            B2B Marketplace Platforms

            At BrightestMinds, we're incubating the Sales Development Reps of the future, supercharged with intent-driven data and tools under one solution. We've achieved 10x cost efficiency vs AdWords. We had cases when clients requested that we slow down, as they

            $4M

            0

            65

            2016

            Minnesota

          2. 12
            Insite Software

            Insite Software

            B2B Marketplace Platforms

            Provider of e-commerce services and shipping platform for manufacturers and distributors. The company offers InsiteCommerce, a business to business eCommerce platform for enterprise organizations in manufacturing, distribution and retail & InsiteShip, a sh

            $4M

            $18M

            0

            59

            2004

            Minnesota

          3. 13
            HomeSpotter

            HomeSpotter

            marketing Software

            Developer of a home search application designed to connect real-estate agents with their buyers. The company's application provides various mobile services to brokers and MLSs, featuring applications for iPhone, iPad, Android and BlackBerry, QR codes, text

            $4M

            $4M

            0

            47

            2009

            Minnesota

          4. 14
            Hara

            Hara

            Field Service Management Software

            Hara Software was acquired by Verisae Inc. in October of 2013. For more information on the acquisition please visit Verisae's website at www.verisae.com. Thank you! Hara is now Verisae owned cloud-based software platform makes energy and resource data si

            $3M

            0

            34

            2008

            Minnesota

          5. 15
            Synergistic Software Solutions

            Synergistic Software Solutions

            Information Technology Software

            Developer of enterprise resource planning software. The company's software delivers Sage100 users best-of-breed manufacturing technology through its JobOps and comprehensive field service and dispatch module providing small to mid-sized enterprises the sof

            $3M

            0

            80

            1983

            Minnesota

          6. 16
            TopRank Online Marketing

            TopRank Online Marketing

            Analytics Software

            TopRank Marketing helps companies attract, engage, convert & retain more business with integrated marketing services: content, SEO, influencer marketing, social media, PPC & social ads, analytics & CRO.

            $3M

            0

            40

            2001

            Minnesota

          7. 17
            Verisae

            Verisae

            Cloud Platform as a Service (PaaS) Software

            Verisae is now Accruent - the world's leading provider of intelligent solutions & cloud-based software for the built environment.

            $3M

            10K

            33

            1995

            Minnesota

          8. 18
            Flywheel.io

            Flywheel.io

            Information Technology Software

            Developer of a information platform designed to offer biomedical research and collaboration. The company's platform provides an efficient, reproducible and collaborative imaging AI infrastructure, enabling organizations to enhance speed-of-discovery, fundi

            $3M

            $24M

            0

            65

            2015

            Minnesota

          9. 19
            Gatherup

            Gatherup

            CRM and Related Software

            customer experience, feedback and review platform

            $3M

            1K

            19

            2013

            Minnesota

          10. 20
            Inkit

            Inkit

            Marketing Automation Software

            Inkit integrates direct mail with your CRM

            $2M

            100

            15

            2017

            Minnesota

          11-20 of 93

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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.