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As of Jan 2020, these 38 SaaS companies are the largest in the Procurement Software space.

The Top Procurement Software SaaS Companies

This list tracks the largest private B2B Procurement Software SaaS companies by revenue. In total, this list features 38 companies with combined revenues of $176.7M.

These companies have raised a total of $1B. Together, these Procurement Software saas companies serve 652K customers and employ over 9K on their teams.

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Highlights

Top SaaS Companies with $5 - $10M ARR


01
$39M
$535M
-
627
2010
Canada
02
JAGGAER
JAGGAER

Procurement Software

Simply the world's most powerful and comprehensive source-to-pay eProcurement solutions suite. Trusted by some of the world's most recognized brands to keep spend on target. What can Jaggaer do for you?

$23M
-
-
251
1995
United States
03
STEL
SoftTech Engineers Limited

Procurement Software

SoftTech Engineers Ltd is a software product company. The company develops software and intellectual property in the architecture, engineering, and construction (AEC) domains. Its product includes AutoDCR; PWIMS; Opticon; BIMDCR; and RuleBuddy. The company serves large infrastructure; real estate; government organizations and consultants companies. Geographically, it operates only in India.

$19M
-
500
380
1996
India
04
L
Loopio

Procurement Software

Change your proposal response process—and unleash your growth. See why 800+ companies use Loopio to answer RFPs, DDQs, and Security Questionnaires.

$12M
$9M
1K
151
2014
Canada
05
S
Stae

Procurement Software

Provider of a digital infrastructure platform designed to offer open access to the world's civic data in one place, in real-time and with a uniform API. The company's digital infrastructure platform offers universal tool for data management and collaboration, integrate data from any source, map different data types and create real-time data feeds, enabling city managers to city workers to make better data-driven decisions, drive performance and manage vendors.

$11M
$3M
-
123
2016
United States
06
VT
Verian Technologies

Procurement Software

Provider of web-based electronic procurement services. The company's solutions enables organizations to significantly reduce operational costs and increase efficiency by automating their entire procurement processes. It also helps midsized and large organizations analyze and control their non-payroll spending.

$11M
$13M
150K
2K
1998
United States
07
R
Revenew

Procurement Software

Revenew International LLC located in Houston, TX, offering Cost Recovery, Cost Recovery Audit, Accounts Payable Audit, Supplier Payment Review, Duplicate Payments Audit, Statement Reviews, Vendor Master, Performance Improvement and Cost Containment ser...

$9M
$11M
-
104
2006
United States
08
B
Bonfire

Procurement Software

Learn how Bonfire Strategic Sourcing software drives more impactful bid and RFP decisions, elevating public procurement teams.

$8M
$11M
-
81
2012
Canada
09
O
Onventis

Procurement Software

Provider of e-procurement and supplier relationship management (SRM) services. The company's platform provides cloud-based procurement-management services, as well as tools for supplier management, e-ordering, e-sourcing and spending analytics, enabling its customers to have access to efficient and secure procurement cloud services.

$7M
-
450K
99
2000
Germany
10
IP
Ignite Procurement

Procurement Software

Strategic Procurement Made Easy: We facilitate data-driven, smarter, and sustainable decisions for procurement professionals and businesses.

$5M
$4M
-
49
2017
Norway
1 - 10 of 34Next

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.