SaaS Companies > Fastest Growing > Revenue > 2019
The 159 fastest growing SaaS companies in 2019 added collectively almost $1 billion in new annual recurring revenues (ARR) hitting $2.4 billion in December 2019 ARR run rate, up from $1.5b in December 2018.
The CEO’s that made the list were 39.9 years old on average with Yarkin at Socio.Events being the youngest at 24 years old and Ray Rothrock CEO at RedSeal bringing the most wisdom at 64 years old.
55 bootstrapped companies made the 2019 list compared to 102 funded companies that have raised $2.8 billion in total.
These bootstrapped founders should be very proud. They found creative ways to drive growth without having to sell big chunks of their company for equity.
53 of these bootstrapped CEO’s are not located in San Francisco or New York.
All except 6 of the 55 are profitable as of December 2019.
90 of these companies have net revenue retention greater than 100%. This means their upsell and expansion revenue from historical customers more than makes up for any lost revenue from those same customers.
34 of these companies have net revenue retention between 80-99%.
The companies with net revenue retention under 80% annually share a common theme in that only 2 out of the 29 companies have any expansion revenue at all.
Many of these companies simply haven’t added a second product to upsell, or don’t rely on utility based upselling. Expect their growth to expand in 2020 as many of them have expansion revenue in their strategic plans.