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As of Jan 2020, these 616 SaaS companies are the largest in the Education Software space.

The Top Education Software SaaS Companies

This list tracks the largest private B2B Education Software SaaS companies by revenue. In total, this list features 616 companies with combined revenues of $4.2B.

These companies have raised a total of $9.4B. Together, these Education Software saas companies serve 823M customers and employ over 73K on their teams.

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Highlights

02
BYJUS
BYJU'S

Education Software

Provider of an online learning application. The company offers home-based learning programs for students in grades 4-12, as well as for competitive exams such as the CAT, IAS, GRE and GMAT through video lessons by teachers and adaptive testing modules for personalized learning.

$390M
$4B
40M
21K
2011
India
03
I
Instructure

Education Software

Instructure is a provider of a cloud-based learning management system. The company offers tools for instructors and students that are designed to integrate drag-and-drop file uploaders, HTML 5 video, automatic speech-to-text conversion applications, as well as Web 2.0 tools and social media platforms. It also provides an index of online courses. It was founded in 2008 and is headquartered in Salt Lake City, Utah.

$259M
$89M
30M
1K
2008
United States
04
E
Ellucian

Education Software

Provider of software services to universities and colleges. The company provides training, education, enterprise resource planning, strategic planning and project management, website design, professional executive services and cloud based software services.

$244M
-
3K
3K
1968
United States
05
C
Chenzhi

Education Software

Chenzhi is an educational service provider.

$217M
-
-
5K
2017
China
06
PEI
Plataforma de Educação na Internet

Education Software

SAS é uma Plataforma de Educação presente em mais de 860 escolas em todo o Brasil. Iniciamos nossa história em 2004 e hoje atendemos milhares de alunos. Este crescimento só tem sido possível graças à nossa Gente. Um time que tem propósito e acredita no impacto de uma educação de excelência. Estamos sempre em busca de mais gente boa, gente para suportar e construir soluções educacionais de excelência, desenvolver conteúdo, tecnologia e serviços de alta qualidade para todo o ciclo da Educação Básica, do Infantil ao Pré-Universitário. É isso que nos inspira: gente que gosta de gente, para juntos construirmos a melhor Plataforma de Educação do país.

$142M
-
-
605
2003
Brazil
07
OE
Open English

Education Software

Operator of an online language school. The company offers Open English, an online English language course that combines live instruction with native English speaking teachers and multi-media learning content.

$105M
$125M
-
1K
2007
United States
08
CM
Campus-Management

Education Software

Campus Management provides cloud-based SIS, CRM and ERP solutions and services to more than 1,100 higher ed institutions in over 30 countries.

$100M
-
400K
517
1988
United States
09
C
Classplus

Education Software

Classplus offers a mobile-first SaaS platform for 3000+ tutors to offer their curriculum and operations completely online.

$95M
$121M
12K
793
2018
India
10
G
Gengo

Education Software

Developer of a global crowd-sourced translation platform intended to help people read and publish across languages in one click. The company's platform facilitates translations and summaries for any post and provides template tags to display language information, enabling users to edit translations side by side, detect and filter by language automatically when a visitor comes to their site as well as generates semantic information for links and content blocks.

$76M
$26M
-
1K
2008
Japan
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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.