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. 01
            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






          2. 02
            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,






          3. 03


            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






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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.