Companies in Vertical SaaS
There are 116,604 companies in Vertical SaaS which include Workday, Shopify, LinkedIn, Canva, Coupa. 26,057 companies in Vertical SaaS are funded, with 14,159 having secured Series A funding. Till date, the sector has seen the creation of 258 Unicorns. United States has the most number of companies in Vertical SaaS (38,425), followed by India
(14,007), and then United Kingdom (10,466).
2026 has seen the creation of 76 Vertical SaaS companies. On average, the last 10 years have seen 5,167 new companies launched every year. Most number of Vertical SaaS startups have been founded by alumni from Stanford University, Harvard University and Massachusetts Institute of Technology.
Here is a List of top companies in Vertical SaaS

1. Workday
Cloud-based financial management, EPM, and HR software provider for enterprises. It uses AI and ML algorithms to predict work and automate tasks, manage employees, and more. The product offerings include HCM, a human capital management solution with features such as reporting and analysis, employee engagement, workforce planning, scheduling, recruiting, onboarding, benefits, etc. It also provides solutions such as financial management, business planning, analytics, professional services automation, and more. It serves multiple industry verticals including communications, energy an resources, financial services, government, healthcare, higher education, hospitality, and others.
Key facts about Workday
- Founded Year: 2005
- Location: Pleasanton (United States)
- Stage: Public
- Total Funding till date: $352M
- Investors: Greylock, Morgan Stanley and 10 Others
- Latest Funding Round: Post IPO, May 15, 2013, $*****
- Tracxn Score: 88/100 What is this?
- Competitors Rank: 2 of 11,739 Competitors
2. Shopify
Provider of an all-in-one commerce platform for businesses of all sizes. The platform enables merchants to start, grow, market, and manage their retail operations. It offers tools to build brands, create websites, and customize online stores. The platform also provides solutions for selling products online, in person, and across various channels. It facilitates payment acceptance, marketing, customer management, and business analytics.
Key facts about Shopify
- Founded Year: 2006
- Location: Ottawa (Canada)
- Stage: Public
- Total Funding till date: $122M
- Investors: OMERS, Klister Credit and 18 Others
- Latest Funding Round: Series C, Dec 11, 2013, $*****
- Tracxn Score: 88/100 What is this?
- Competitors Rank: 1 of 2,511 Competitors
3. LinkedIn
Network of resources for professional networking, job searching, and skill development. It provides a platform for individuals to connect with other professionals in their industry. The network facilitates opportunities to find employment and internships across various sectors. Additionally, it offers learning resources for developing business, technical, and creative skills.
Key facts about LinkedIn
- Founded Year: 2002
- Location: Sunnyvale (United States)
- Stage: Acquired
- Total Funding till date: $144M
- Investors: Bain Capital Ventures, Greylock and 35 Others
- Latest Funding Round: Post IPO, Apr 17, 2013, $*****
- Tracxn Score: 87/100 What is this?
- Competitors Rank: 1 of 8,102 Competitors

4. Canva
Cloud-based collaborative design platform. It enables users to create various digital content, including social media posts, presentations, and videos, through its drag-and-drop editor. The platform provides access to thousands of templates, photos, and fonts, and offers AI-powered tools for users to enhance design abilities. It allows users to edit images for presentations, invitations, posters, flyers, business cards, and more. The platform offers pre-designed templates and effects. It also provides a stock library of photographs, illustrations, and images.
Key facts about Canva
- Founded Year: 2012
- Location: Surry Hills (Australia)
- Stage: Series F
- Total Funding till date: $589M
- Investors: Blackbird Ventures, Felicis Ventures and 53 Others
- Latest Funding Round: Series F, May 01, 2024, $*****
- Tracxn Score: 87/100 What is this?
- Competitors Rank: 1 of 86 Competitors

5. Coupa
Provider of cloud-based business spend management platform leveraging AI to help companies achieve visibility, control, and optimization of total spend. It features solutions for spending management, procurement invoice automation, sourcing, travel and expense management, inventory optimization, contract management, spend analysis, data visualization, payment automation, compliance, and supplier management. It caters to multiple sectors like healthcare, hospitality, life sciences, and manufacturing.
Key facts about Coupa
- Founded Year: 2006
- Location: San Mateo (United States)
- Stage: Acquired
- Total Funding till date: $169M
- Investors: El Dorado Ventures, Battery Ventures and 18 Others
- Latest Funding Round: Post IPO, Jun 11, 2020, $*****
- Tracxn Score: 87/100 What is this?
- Competitors Rank: 1 of 1,035 Competitors
