Signal: SaaS

TheStartup100 uses big data and predictive analytics to identify technology startups with the strongest traction signals. Signal is a sample of companies with traction signals that stand out from the crowd. This edition of Signal is for Software-as-a-Service ("SaaS") companies.

<$5MM in Funding

Datanyze provides sales teams with data on the technology stack used by millions of websites and mobile apps. Datanyze ranks #1 out of 400 SaaS companies with <$5MM in funding.

<=$10MM in Funding

Two employee scheduling platforms, Humanity and When I Work, rank in the top five of 157 SaaS companies with $5 to $10 million in funding. Humanity claims "20,000 workplaces" while When I Work claims "Over 10,000 Happy Customers Worldwide" and 500,000 end-users.

We are only tracking a handful of employee scheduling apps as the segment remains relatively lightly funded compared to other HR applications (e.g., we are tracking 25 companies with recruiting applications).

$10-$25MM in Funding

Trello announced its 10 millionth user this week and is a significant outlier against its peers in terms of users and web visitors (20MM+ monthly web visitors). Monetizing its enormous user base is the challenge. (Disclosure: I have been a happy Trello user since switching from Pivotal Tracker many years ago.) A Series B round is coming soon.

Augmedix is a service for doctors that automates the process to updated health records using smart glasses to capture data from patient visits. Augmedix has been growing rapidly, doubling its staff since May.

$50MM+ in Funding

ZenPayroll (now Gusto) and Zenefits have been the fastest growing SaaS companies for the last several months and will now be competing head-to-head with ZenPayroll's entry into the employee benefits brokerage market. Zenefits has added a staggering 186 employees per month over the last 4 months.

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