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
            TJ Studio

            TJ Studio

            Development Software

            Provider of website designing service. The company provides website development, graphic design, marketing, support and other information technology services.

            $968K

            0

            18

            2001

            Minnesota

          2. 02
            The Active Paper

            The Active Paper

            Digital Advertising Platforms

            Provider of a physical interface platform to bring new engaging interactive tools for everyday situations. The company's physical interface platform helps immediate interaction between the brand, its products and consumers, trigger consumer's curiosity and

            $919K

            0

            11

            2013

            Minnesota

          3. 03
            NowDocs

            NowDocs

            Document Management

            Developer of web-based enterprise printing software. The company provides patented web-to-print and other software-as-a-service (SaaS) for the printing and graphic arts industries.

            $892K

            0

            14

            1999

            Minnesota

          4. 04
            Agosto

            Agosto

            Cloud Computing Software

            Provider of customized cloud product development services. The company is an Information Technology (IT) services firm that provides managed IT services, cloud computing migration and implementation consulting and Google Apps implementation and integration

            $872K

            0

            29

            2001

            Minnesota

          5. 05
            TADS

            TADS

            Education Software

            Developer of a SaaS programming language designed to provide software and payment services to K-12 private schools. The company's SaaS programming language offers services for tuition management, admissions and enrollment, financial aid, school and student

            $867K

            0

            43

            1988

            Minnesota

          6. 06
            Trbhi

            Trbhi

            Enterprise Software

            Provider of IT consulting and outsourcing services intended to automate management of IT systems. The company's services includes cybersecurity management, remote and onsite support, cloud hosting, cloud integration, disaster recovery, software development

            $863K

            0

            21

            2011

            Minnesota

          7. 07
            Blackbell

            Blackbell

            E Commerce Software

            Blackbell is a SaaS platform that integrates all processes to sell services. Blackbell does not only tackle the online booking aspect of the sale of a service but all that is required to run a service business, from A to Z: Visual content builder, Servic

            $787K

            1M

            9

            2011

            Minnesota

          8. 08
            Extempore

            Extempore

            Education Software

            Developer of a Saas based speaking practice app. The company's oral language assessment tool helps foreign language teachers to assign oral homework and assessments to their students, enabling students to answer on the phone or on the web and instructors t

            $778K

            0

            16

            2015

            Minnesota

          9. 09
            TracFax

            TracFax

            Operator of a marketplace for property services. The company develops a platform that connects project managers with service providers and enables them to manage the procurement and contract processes.

            $715K

            0

            14

            2010

            Minnesota

          10. 10
            Storyworks1

            Storyworks1

            Content Marketing Software

            Provider of digital content delivery platform for organizations. The company provides digital content delivery platform that connects sales and marketing with the content, knowledge and tools to create customer buying experiences. It is also software-as-a-

            $673K

            0

            15

            2008

            Minnesota

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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.