The Top HR Software SaaS Companies

As of Jan 2020, these 60 SaaS companies are the largest in the HR Software space. (Click to apply)

This list tracks the largest private B2B HR Software SaaS companies by revenue. In total, this list features 60 companies with combined revenues of $1.8B.

These companies have raised a total of $526.8M. Together, these HR Software saas companies serve 2M customers and employ over 14K on their teams.

$0 - $1M ARR
  1. Kallidus $1.0M
  2. TalentHub $1.0M
  3. MeeWee $1.0M
  4. Itilite $960.0K
  5. Workpath $960.0K
$1M - $5M ARR
  1. Holded $4.0M
  2. Hubstaff $3.8M
  3. Ninety.io $3.3M
  4. x0pa $3.0M
$5M - $10M ARR
  1. 15Five $10.0M
  2. Apptivo $9.6M
  3. Lessonly $6.8M
  4. Hiremya $5.0M
$10M+ ARR
  1. Gusto $100.0M
  2. Hotschedules $100.0M
  3. Talentsoft $70.0M
  1. 01
    Easygenerator

    Easygenerator

    HR Software

    course authoring software for SME's|employee knowledge sharing through SaaS

    $4.2M

    1K

    71

    2013

    HR Software

  2. 02
    Holded

    Holded

    HR Software

    A Business Management SaaS for SMB.

    $4.0M

    $7.0M

    9K

    77

    2017

    HR Software

  3. 03
    Hubstaff

    Hubstaff

    HR Software

    Hubstaff is a US company that provides staff monitoring through time tracking software.|Time Tracking Software

    $3.8M

    8K

    139

    2013

    HR Software

  4. 04
    Ninety.io

    Ninety.io

    HR Software

    provide business building and awareness tools.

    $3.3M

    2K

    20

    2017

    HR Software

  5. 05
    x0pa

    x0pa

    HR Software

    Artificial Intelligence for Talent management|AI SAAS Hiring platform

    $3.0M

    $2.5M

    300

    52

    2017

    HR Software

  6. 06
    Hirewire

    Hirewire

    HR Software

    Qualified candidates get hired in 24 hours. Signup, select interview times, and start interviewing immediately

    $2.4M

    $4.1M

    4K

    15

    2015

    HR Software

  7. 07
    Wespire

    Wespire

    HR Software

    $2.3M

    $14.8M

    35

    27

    2010

    HR Software

  8. 08
    Starred

    Starred

    HR Software

    Make feedback better for everyone

    $2.0M

    $750.0K

    250

    35

    2013

    HR Software

  9. 09
    Solides

    Solides

    HR Software

    $1.8M

    1K

    100

    2015

    HR Software

  10. 10
    Swooptalent

    Swooptalent

    HR Software

    SwoopTalent's private talent data lake automatically connects talent data from everywhere to give you a single source of connected, always fresh talent data.

    $1.6M

    27

    29

    2012

    HR Software

1-10 of 10

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.

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