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As of Jan 2020, these 45 SaaS companies are the largest in the Human Resources Software space.

The Top Human Resources Software SaaS Companies

This list tracks the largest private B2B Human Resources Software SaaS companies by revenue. In total, this list features 45 companies with combined revenues of $108.1M.

These companies have raised a total of $114.9M. Together, these Human Resources Software saas companies serve 374K customers and employ over 4K on their teams.

Total Companies

Combined Revenues

$108.1M

Combined Employees

Total Raised

$114.9M

Featured Interviews

Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.

Popular Identity Verification Tool Raising $60m on $400m Now with $10m in Revenue

Tamas Kadar

SEON Technologies CEO

Profitable SaaS Hits $100m Revenue, $1.7b Valuation in Digital Identity Space

Steve Munford

Trulioo CEO

Practice Ignition Breaks $24m Revenue, Raises $50m at $330m Valuation Helping 5,000 Accounting Firms Scale

Guy Pearson

Practice Ignition CEO

Cargamos Does Last Mile Delivery in Mexico, Breaks $12m Revenue, Raising $30m Now

Ivan Ariza

Cargamos CEO

Highlights

Top SaaS Companies with $0 - $1M ARR

Not Actively Looking$998.1K

Top SaaS Companies with $1 - $5M ARR

Top SaaS Companies with $5 - $10M ARR

Volcanic$9.1M

Top SaaS Companies with $10M+ ARR

Rideau$22.4M

Broadbean$15.8M

Toptal$14.5M

All companies $0 - $1M ARR $1M - $5M ARR $5M - $10M ARR $10M+ ARR

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Rideau

Human Resources Software

Rideau builds meaningful relationships with personalized and creative recognition solutions.

revenue

$22M

funding

customers

team size

457

year founded

1912

location

Canada

Broadbean

Human Resources Software

Broadbean Broadbean develops software for the recruitment and staffing industry, aimed at cutting costs & time.,

revenue

$16M

funding

customers

230K

team size

377

year founded

2001

location

United Kingdom

Toptal

Human Resources Software

Toptal is a global network of top talent in business, design, and technology that enables companies to scale their teams, on demand.,

revenue

$15M

funding

customers

team size

year founded

2010

location

United States

Volcanic

Human Resources Software

Volcanic is a recruitment and staffing website software supplier.

revenue

$9M

funding

customers

team size

178

year founded

2010

location

United Kingdom

SeamlessHR

Human Resources Software

End-to-end, modern cloud-based HR platform for emerging markets.,

revenue

$5M

funding

$12M

customers

team size

year founded

2018

location

Nigeria

WorkStep

Human Resources Software

WorkStep helps industrial companies hire and retain their hourly workforce.,

revenue

$4M

funding

$42M

customers

team size

year founded

2017

location

United States

Kenoby

Human Resources Software

Kenoby is a recruitment and selection platform (ATS) that connects recruiters, managers, and candidates

revenue

$4M

funding

$5M

customers

team size

year founded

2014

location

Brazil

Olachau

Human Resources Software

A Popular Time & Attendance solution serving global companies of all sizes.

revenue

$3M

funding

customers

team size

year founded

2017

location

Brazil

PeopleSpheres

Human Resources Software

PeopleSpheres is to bringing you the future of HR NOW, through their best-in-class HR Platform as a Services (PaaS).

revenue

$3M

funding

$10M

customers

250

team size

year founded

2018

location

France

StaffCircle

Human Resources Software

StaffCircle provides a performance management and culture platform to help companies manage and motivate their remote employees.,

revenue

$3M

funding

$8M

customers

team size

year founded

2017

location

United Kingdom

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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.

Test Drive Latka’s Directories

The Top Human Resources Software SaaS Companies

Total Companies

Combined Revenues

Combined Employees

Total Raised

Featured Interviews

Tamas Kadar

Steve Munford

Guy Pearson

Ivan Ariza

Ryan Urban

Aleksandr Yampolskiy

Zeb Evans

Oren Zaslansky

Garrett Mehrguth

Evan Sohn

Joe Hyrkin

Ariel Assaraf

Highlights

Test Drive Latka’s Directories

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