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As of Jan 2020, these 12 SaaS companies are the largest in the Document Management Software space.

The Top Document Management Software SaaS Companies

This list tracks the largest private B2B Document Management Software SaaS companies by revenue. In total, this list features 12 companies with combined revenues of $37.2M.

These companies have raised a total of $75.5M. Together, these Document Management Software saas companies serve 5K customers and employ over 710 on their teams.

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Highlights

Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


02
D
Docket

Document Management Software

Docket optimizes the search, management, and analysis of documents with legal value, reducing costs and time.

$6M
$8M
-
200
2016
Brazil
03
O
Operations1

Document Management Software

Operations1 provides a solution for intuitive worker guidance and connects the organization in manufacturing companies.

$4M
$16M
-
40
2017
Germany
04
DIABI
Doculus, Inc. (Acquired by Box, Inc.)

Document Management Software

Doculus automates the generation of proposals and SoWs for professional service teams.

$3M
-
-
42
2015
United States
05
NG
Nalanda Global

Document Management Software

Nalanda Global provides document management for business coordination, validation, time & access control and electronic invoicing.

$3M
-
350
63
2000
Spain
06
AL
AutLay

Document Management Software

AutLay offers online software as a service for print a catalogs, brochures & eCommerce.

$3M
-
-
42
2017
Germany
07
aL
aiLegal

Document Management Software

Cloud-based SaaS contract automation platform

$2M
$600K
-
35
2020
United States
08
SMASHDOC
SMASHDOCs

Document Management Software

SMASHDOCs is a web-based word processing application developed for easily and quickly writing and reviewing documents.

$2M
$539K
-
28
2013
Germany
09
DB
DocBlaster

Document Management Software

DocBlaster empowers people to create frictionless consent forms and notices without special tools or help.

$850K
-
-
15
2017
Australia
10
FN
Forensic Notes

Document Management Software

Secure & Court-Ready Electronic Notes - A Documentation Solution Built for Law Enforcement and Civil Investigators (SaaS application)

$639K
$37K
-
9
2015
Canada
1 - 10 of 12Next

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.