Kaeda
← All shelves

Still here after 15 years

Founded 2011 or earlier and still running. Survival is a fact; hype is not.

91 teardowns · $10M+
Vinted
Marketplace · Lithuania · 2008
Marketplace

Europe's clothes resale. Buyers pay, sellers don't.

€1.1B
Stated · $1.2B · 2025 revenue, +38% YoY
Most revenue is one fee buyers love to hate.
The edge: Taxes buyers, not sellers. Free listing grows supply, supply grows demand — liquidity fee-charging rivals can't match.
Open →
China Literature
China · serialized web novels
Community

Readers pay by the chapter. Tencent films the hits.

$1.13B
Stated · FY24 group revenue (0772)
Free, ad-funded rivals erode the paywall.
The edge: It pioneered pay-per-chapter reading in 2003, then kept the rights and became China's biggest web-fiction IP owner.
Open →
Avalara
SaaS - Sales-tax compliance - USA
SaaS

Sales tax on autopilot for 13,000+ US jurisdictions.

$1B+
Stated · 2023, founder-stated
Stripe Tax bundles the core calc cheaply.
The edge: IPO'd days before the 2018 Wayfair ruling forced millions of online sellers into multi-state sales-tax filing.
Open →
Zerodha
Discount broker · Bengaluru, India
Marketplace

India's biggest stock broker, built on zero ad spend

$1B
Stated · FY24 rev, 55%+ margin
Most revenue is retail F&O; SEBI now curbs it.
The edge: A flat fee per order plus free equity delivery undercut percentage brokers; options volume at scale yields 55% margins.
Open →
Workiva
USA · NYSE: WK · 2008
SaaS

A mandate forced XBRL filings. They owned the tool.

$884.6M
Filed · FY2025 revenue · public
⚠ Scale: heavy sales
GAAP-loss years
The edge: The SEC didn't allow XBRL filings — it required them, making every public company a forced buyer.
Open →
Vertex
Enterprise tax engine · United States · public since 2020
SaaS

Every US sales-tax rate, current since 1978.

$748.4M
Stated · FY2025 revenue, +12% YoY
Growth slowing; SMB edge lost to Avalara.
The edge: Tax rates change constantly across 195+ countries; Vertex has kept a 1B+ rule database current since 1978.
Open →
SafeSend
US · 2008 · tax firm workflow
SaaS

They ignored the tax return. They sold the last mile.

$600M
Filed · all-cash exit price, 2025
Sits downstream of engines it doesn't own.
The edge: Eight years selling paperless tools inside tax firms told them exactly which 30 minutes to automate in 2016.
Open →
Follow Up Boss
Real-estate CRM · bootstrapped · $400M Zillow exit
SaaS

The CRM every real-estate team runs their leads through.

$400M+
Stated · Zillow buyout, 2023
Owned by Zillow now — is it still neutral?
The edge: The neutral hub: it ingests leads from Zillow and its rivals alike, so every team needs it.
Open →
Poshmark
Social commerce · resale
Marketplace

She sells her closet; Poshmark keeps 20% of every sale.

$326M
Filed · FY2021 net revenue
Never profitable; heavy marketing spend.
The edge: Feeds, follows and Posh Parties turn one-time resale into a social habit; buyer retention topped 104%.
Open →
Idealista
Property marketplace · Spain · est. 2000
Marketplace

Spain's #1 property portal. Agents pay, buyers browse.

€300M+
Stated · $325M · 2024 revenue, +16% YoY
Liquidity is local; each market restarts.
The edge: It out-executed same-era rival Fotocasa on listing quality and trust — now valued about 20x higher.
Open →
HealthStream
Healthcare compliance SaaS · Nasdaq: HSTM
SaaS

Rules force the training. It bills for it every year.

$304.1M
Filed · FY2025 revenue (10-K)
Growth is slow: about 4% a year.
The edge: Accreditors, OSHA and CMS require the training; HealthStream is where US hospitals buy and log it.
Open →
Sansan
Japan · TSE IPO · 2007
Data

Japan runs on business cards. Sansan digitized them.

$280M
Stated · ARR, May 2025 (¥41.5B)
The card ritual fades as work goes remote.
The edge: Rivals trust OCR; Sansan runs every card through human operators too — 99.9% accuracy is the data moat.
Open →
Envato
Marketplace · Australia · 2006
Marketplace

The bootstrapped stock-asset market that paid out $1.3B

$245M
Stated · 2024 sale price, announced
Its subscription now cannibalizes its authors
The edge: Launched the marketplace, then built Tuts+ — the web's biggest design-tutorial network — to feed it buyers.
Open →
Weave
Dental-office comms platform - Lehi, Utah - founded 2008
SaaS

The dentist's office phone, now a public NYSE SaaS.

$239M
Filed · FY2025 net revenue
Never profitable; retention under 100%.
The edge: The most boring wedge won: replace the dentist's phone, tie each call to the patient chart, impossible to rip out.
Open →
Toptal
Talent marketplace · Bootstrapped · Est. 2010
Marketplace

The top 3% of freelance talent, sold at a premium.

$200M+/yr
Estimate · Revenue, self-reported '21
Big markup underpays talent; they can defect.
The edge: Instead of maximizing supply like Upwork, Toptal rejects 97% of applicants and sells scarcity at a premium.
Open →
Auction Technology Group
Online auctions · LSE · $3.3bn GMV, $190m rev
Marketplace

$3.3bn of goods sold. ATG keeps $190m.

$190.2m
Filed · FY25 revenue, audited
GMV tracks cyclical art and surplus spend.
The edge: Owns the bidding rails thousands of auction houses depend on, and the bidder demand they can't aggregate alone.
Open →
Weedmaps
Cannabis marketplace · Irvine, CA
Marketplace

The ad platform for an industry Google won't touch.

$184.5M
Filed · FY2024 revenue (10-K)
Revenue has fallen two years straight.
The edge: Cannabis sellers are banned from Google, Meta and Yelp ads, so Weedmaps became the one place buyers and sellers meet.
Open →
IndiaMART
India · B2B marketplace · BSE-listed
Marketplace

India's B2B directory where only sellers pay

$165M
Stated · FY25 rev · listed (BSE)
Paying base flat; growth from price hikes.
The edge: Only sellers pay: 217K of 7M+ suppliers fund the whole marketplace while 200M+ buyers browse free.
Open →
Hemnet
Sweden · Property portal
Marketplace

Sweden's default home portal. Sellers foot the bill.

SEK 1,394.6M
Filed · 2024 net sales · +39% YoY
One country, one housing cycle.
The edge: Brokers built it in 1998 and fed it every listing. Private equity later bought control and made the sellers pay.
Open →
Catawiki
Marketplace · Netherlands · est. 2008
Marketplace

Curated auctions where experts vet every lot

€105M
Stated · 2024 revenue (about $114M)
Experts scale linearly; margins stay thin.
The edge: Paid experts vet every lot, so buyers trust it enough to pay a 21.5% combined take in a market full of fakes.
Open →
Chrono24
Marketplace · Pre-owned luxury watches · Germany
Marketplace

Global marketplace for pre-owned luxury watches.

€103.2M
Stated · FY2021 group accounts
Dealers could bypass; GMV swings with prices.
The edge: Free built-in escrow lets strangers wire $50K for a used watch across 150 countries without fear of fakes.
Open →
Bengo4.com
Japan · TSE Prime · 2005
Community

A lawyer's Q&A site now sells Japan's top e-signature.

¥16.3B
Filed · about $109M · FY3/2026 net sales (filed)
One country, one law. It travels nowhere.
The edge: Motoe is a lawyer. CloudSign was the first witness-type e-signature Japan's Ministry of Justice recognized.
Open →
Chess.com
Bootstrapped chess, 150M members
Community

A $55K domain became a $100M+ chess business, no VC.

$100M+
Estimate · annual revenue (2024)
Demand swings with chess-culture fads.
The edge: The generic domain chess.com is where new players land by default. Rivals buy the attention it gets free.
Open →
SafetyCulture
Safety-inspection SaaS · Australia · 2004
SaaS

Turned the mandatory safety audit into an app.

$100M+
Stated · annual revenue, 2021
Low moat vs generic form/checklist apps
The edge: Ten years filming workplace injuries as a PI gave Anear buyer access and hazard know-how no app-first rival had.
Open →
WebPT
Vertical SaaS · Rehab-therapy EMR · USA
SaaS

A PT built the software her whole field learned from.

$100M+
Estimate · revenue, press-stated
One vertical; a UX-led rival is taking share.
The edge: An insider PT made WebPT the rehab profession's teacher (blog + Ascend summit), so clinics arrived before any ad ran.
Open →
Twinkl
UK · 2010 · Teacher subscriptions
SaaS

Sells teachers the worksheets they made at 10pm.

£78.6M
Filed · about $98M · turnover, FY to Apr 2024
Free AI can draft a worksheet in seconds.
The edge: It industrialised unpaid evening work: salaried teachers turn every curriculum change into ready-made resources.
Open →
PowerOffice
SaaS · Norway · 1998
SaaS

Accountants do the selling. It bills per invoice.

NOK 925M
Filed · about $96M · FY2025 revenue, filed
Norway only; Visma now owns it.
The edge: Accounting firms put clients on it, so partners do the selling — and every invoice meters the bill.
Open →
Signicat
Norway · RegTech · eID hub
SaaS

The single plug into every eID banks must use.

NOK 1B+
Stated · about $95M · 2023 turnover (company)
It resells national eIDs it doesn't own.
The edge: Europe's eID schemes are fragmented and national; Signicat integrated 35+ into one API regulated firms onboard through.
Open →
Swappa
Marketplace · USA · Bootstrapped
Marketplace

The used-electronics market without the scams

$92M
Stated · seller proceeds (GMV)
Scale Low capped
The edge: Free to list, so supply floods in; buyer and seller each pay about 3% on a sale for what used tech lacks: trust.
Open →
1stDibs
Curated luxury marketplace · USA
Marketplace

Where designers buy five-figure furniture online.

$89.6M
Filed · 2025 net revenue
Rare, cyclical buys cap repeat and growth.
The edge: Invite-only curation plus authentication let strangers trust five-figure buys that open marketplaces can't safely host.
Open →
FreeTaxUSA
Tax-filing SaaS · USA
SaaS

Filing is the law. They gave away the federal part.

82M+
Stated · tax returns filed with IRS
One season; Direct File died, politics shift.
The edge: Bootstrapped 2001; low cost lets federal stay free forever. 82M+ returns = trust rivals buy with ads.
Open →
AppSumo
Lifetime-deal marketplace
Marketplace

Sells software lifetime deals to a 1.5M-buyer list.

$80M
Stated · 2023 revenue
One-time cash, no recurring revenue.
The edge: The product is distribution, not deals: a 1.5M-buyer list makers hand 70-80% of a Select deal to reach.
Open →
Pagero
Compliance SaaS · Sweden · 2009
SaaS

E-invoicing network riding a wave of tax mandates.

$75M
Stated · 2023 net sales · $800M exit
⚠ Control: rules shift
loss-making land-grab
The edge: They pre-built compliance across dozens of countries, so every new e-invoice mandate lands as ready-made demand.
Open →
GeoComply
Regtech - Canada - since 2011
SaaS

US law makes every online bet prove your location.

$56M
Estimate · est. revenue (Latka, 2025)
Tied to gambling law it does not control.
The edge: US betting law requires a geolocation check on every bet, and GeoComply runs it for nearly every major operator.
Open →
BharatMatrimony
Matchmaking marketplace - India
Marketplace

India's paid matchmaker, one caste at a time

$55M
Filed · FY25 rev, NSE-listed
Young urban India is leaving for dating apps
The edge: Paid matchmaking: brides and grooms subscribe to contact verified matches, split across 300+ caste and language sites.
Open →
Komoot
Outdoor route planning • Germany • 2010
SaaS

Europe's outdoor map, grown to 45M users, then sold.

$54M
Estimate · 2024 revenue, reported
Goodwill, not lock-in, was the only moat.
The edge: User-contributed 'Highlights' make its trail routing beat any pure-map rival — a 15-year community data moat.
Open →
Supermetrics
SaaS · Finland · est. 2010
SaaS

Marketing data pulled into the sheet you already use.

€50M+ ARR
Estimate · about $52M · 2022, bootstrapped origin
Google can build the connectors natively.
The edge: First to connect Google's API to a spreadsheet, then let Google's own add-on store sell it. No sales team.
Open →
GunBroker
Atlanta, US · founded 1999 · auction marketplace
Marketplace

The gun auction site that sells nothing itself

$51.1M
Filed · FY26 revenue (marketplace)
Revenue still sits below its FY22 peak.
The edge: Every online gun sale must end at a licensed dealer. GunBroker wired 32,000 of them in and bills the sale.
Open →
Admicom
Finland · 2004 · construction ERP
SaaS

The ERP he sold to Visma, rebuilt for Finnish builders

€37.7M
Filed · about $43M · 2025 revenue, Nasdaq filed
Grows 6% a year. One industry, one country.
The edge: Sells only to Finnish construction and building-services firms — then keeps their books and payroll too.
Open →
BUYMA
Marketplace · Japan · est. 2004
Marketplace

A crowd abroad shops luxury for you — guaranteed real.

¥6.3B
Filed · about $41M · Net revenue, FY Jan 2026
Discretionary luxury; weak yen bites GMV.
The edge: No inventory, no imports: 244k personal shoppers abroad are the supply, and BUYMA underwrites every sale as authentic.
Open →
Flightradar24
Sweden · 2006 · aviation data
Data

The crowd built the network. 36 staff sell the view.

SEK 418.8M
Filed · about $41M · FY24 revenue (filed)
The signal is public. It owns no data.
The edge: ADS-B is a free radio signal any hobbyist can catch. FR24 spent 18 years turning scattered listeners into one network.
Open →
AudioEye
Accessibility SaaS - USA - NASDAQ: AEYE
SaaS

ADA-lawsuit insurance, delivered as a script tag.

$40.3M
Stated · FY2025 revenue, +15% YoY
Its demand engine (lawsuits) can turn on it.
The edge: Courts manufacture the demand: thousands of ADA web suits a year scare SMBs into buying compliance they can't judge.
Open →
OzBargain
Australia · ad-web community · since 2006
Ad

Australia's deal hive — the crowd posts, ads pay.

40M+
Stated · page views/month
Scale mid AU-only ceiling
The edge: The crowd writes every deal for free; OzBargain just owns the hive and rents attention to advertisers.
Open →
QuestionPro
Bootstrapped 21 years to a $35M run rate — by buying survey rivals, never raising.
SaaS

Bootstrapped a survey tool to $35M by buying rivals

$35M run rate
Stated · revenue run rate (2023)
Commoditized market, heavy price pressure.
The edge: Profitable 21 years, never raised. Grows by buying small survey companies at about 2x revenue.
Open →
VinSolutions
Auto-dealer CRM · bootstrapped $150M exit
SaaS

A basement photo-uploader became the #1 dealer CRM.

$35M/yr
Stated · revenue at 2011 exit
One vertical, under the DMS giants.
The edge: Bootstrapped on about $200K, it undercut on-prem rivals with month-to-month web SaaS, then sold to AutoTrader for $150M.
Open →
Wantedly
Recruiting marketplace · Japan
Marketplace

Hiring by mission, not resume — flat monthly fee.

$33M/yr
Filed · Op. revenue, FY25 (listed)
Japan-only; casual-visit hiring is local.
The edge: A flat monthly subscription where agencies take 30-35% of first-year salary — cheap enough for cash-poor startups.
Open →
Atera
RMM + PSA for MSPs, priced per technician
SaaS

Flat fee per tech, unlimited devices. MSPs switched.

$32.7M
Estimate · est. ARR (Latka, 2024)
Per-seat pricing caps revenue per account.
The edge: Rivals bill per endpoint; cost grows with a client's devices. Atera bills per technician - margin holds as you scale.
Open →
LCPtracker
Certified-payroll SaaS that bills the agency the law forces to collect the data.
SaaS

Free for contractors. The agency the law forces pays.

$31M ARR
Estimate · 2024, from $1M in 11
US-only law; grows one slow agency at a time.
The edge: Gave the app free to contractors and billed the agency - the party the law forces to collect payroll weekly.
Open →
OpenWork
Reviews Japan trusts, sold to recruiters.
Data

Japan's Glassdoor: 21M reviews, sold to recruiters.

¥4,653M
Estimate · $31M · FY2025 op. revenue, +31%
Japanese-only; hard to scale abroad.
The edge: Free reviews are bait; the real product is 8M job-seekers, sold to employers as pay-on-hire scouting.
Open →
Tebex
UK · £22M exit · 2011
Marketplace

Let game servers sell in-game perks — for a 5% cut.

$29M
Estimate · sale to Overwolf (2022)
⚠ Control Low
rides games it can't own
The edge: he lived the pain as a server kid, then became the default payment rail before rivals showed up.
Open →
Metrc
Cannabis compliance · USA · since 2011
SaaS

The system 20+ states force on cannabis sellers.

$28.4M/yr
Stated · CA contract only, 1 of 23
Every dollar rides on renewable state deals.
The edge: A state mandates Metrc; every licensed cannabis operator must then pay in to stay legal. The regulator is the moat.
Open →
BIS Safety Software
EHS SaaS · Canada · bootstrapped
SaaS

Boring safety software. 99% of customers never leave.

$25M CAD/yr
Stated · founder-stated ARR, 2025
Labor-heavy; one vertical, mostly Canada.
The edge: Leaving BIS means re-certifying your whole crew — so under 1% churn. Half of new customers come by referral, not ads.
Open →
Clear (ClearTax)
India · 2011 · tax-compliance SaaS
SaaS

India made GST filing the law. Clear became the rails.

$25M
Stated · FY24 rev, +93% YoY
Govt's free portal can commoditize filing.
The edge: When a govt forces millions to file taxes digitally, whoever ships the easiest compliant rails becomes default plumbing.
Open →
Intellicheck
US · NASDAQ: IDN · identity SaaS
SaaS

The law put a barcode on every ID. They read it.

$22.67M
Filed · FY2025 revenue (10-K)
Top 10 customers = 77% of revenue.
The edge: Reads the barcode on every North American license - including the ones that break the AAMVA standard.
Open →
Gumroad
US · $8.1M VC · 2011
Marketplace

Sell any digital product from one storefront — flat 10%.

$20.7M
Filed · 2023 · $8.9M net · 0 staff
GMV plateaued · flat fee invites churn
The edge: he hiked the fee and cut to zero staff — a shrinking company that's wildly profitable.
Open →
HappyFox
Help desk SaaS · US/India · since 2011
SaaS

$20M help desk, zero funding, four salespeople.

$20M ARR
Stated · founder-stated, Apr 2025
One category, three giants with more cash.
The edge: Help desk from $24/agent against Zendesk's $19-115 ladder. Mid-market buyers get scale without the enterprise tax.
Open →
Skillcast
London, UK · 2001 · compliance SaaS
SaaS

Compliance training nobody wants and everyone must buy.

£15.3M
Filed · about $20M · FY2025 revenue, audited
UK is 81% of revenue; NRR only 101%.
The edge: Sells the audit trail, not the lesson. Every new UK rule adds a mandatory course to 1,221 clients' renewal.
Open →
PIXTA
Marketplace - Japan - Est. 2005
Marketplace

Japan's biggest stock-photo site, on local faces

$18M/yr
Filed · FY2025 net sales, TSE 3416
AI now generates what buyers once licensed
The edge: Licenses amateur-shot photos to Japanese buyers by credit or subscription; keeps 58-78% of each sale.
Open →
AutoCount Dotcom
Regulation-driven SaaS · Malaysia
SaaS

Malaysia mandated e-invoicing. AutoCount owned the SMEs.

RM75.3M
Filed · about $17M · FY2025 revenue (audited)
Mandate bump is partly one-off revenue.
The edge: 26 years owning the books meant when e-invoicing became law, 240k locked-in SMEs bought the fix from AutoCount.
Open →
Creema
Handmade C2C marketplace · Japan
Marketplace

Japan's curated craft market out-earns its rival.

$16.9M
Filed · net sales · yr to Feb '26
Thin margins in a small, mature market.
The edge: minne lists more sellers, yet Creema does the bigger GMV — it won on curation and a live festival, not ad spend.
Open →
Discogs
Marketplace · Music · 2000
Marketplace

Fans built the database. Discogs takes 9% of sales.

15.6M+
Stated · items sold
One niche: physical-record collectors.
The edge: A definitive music catalog crowd-built by collectors over 25 years — a data moat no rival can rebuild.
Open →
IRIS RegTech Solutions
Mandated to file
SaaS

Regulators mandate XBRL filing. IRIS sells the tool.

Rs 125.97 Cr
Estimate · $15M · FY25 operating revenue
Africa is 35% of revenue; lumpy deals.
The edge: The founders sat on India's XBRL committee, then sold the filing tool regulators went on to mandate.
Open →
RTA Fleet
Vertical SaaS · fleet maintenance · USA
SaaS

The grandson turned grandpa's fleet software into SaaS.

$15M ARR
Stated · ARR run-rate, 2024 (stated)
Slow, high-touch government procurement.
The edge: Inherited 40 years of government-fleet installed base and trust, then rebuilt the legacy product as cloud SaaS.
Open →
iFirma
Tax-filing SaaS · Poland · 2007
SaaS

Poland forces digital tax filing. iFirma runs it.

PLN 58M
Stated · 2024 rev · about $15M
Locked to Poland; hard to cross borders.
The edge: Poland's first online-accounting brand; 15+ years of local tax law make it the default upgrade as KSeF turns mandatory.
Open →
BuiltWith
Australia · $0 VC · 2007
Data

Fingerprints a site's tech stack — then sells the reverse.

$14M/yr
Estimate · annual revenue (est.)
Lookup is free · lead-gen cut first
The edge: the lookup is free — the real moat is 18 yrs of crawl history nobody can back-fill.
Open →
Rentec Direct
Property-management SaaS · Oregon · bootstrapped since 2007
SaaS

A landlord coded his own rent tool — now $14M/yr.

$14M
Stated · annual rev · self-reported
⚠ Entry
crowded
The edge: A landlord taught himself to code, then undercut every VC-funded rival and stayed bootstrapped 18 years.
Open →
Inflectra
Bootstrapped ALM · Maryland · since 2006
SaaS

Self-funded test software vs VC-backed giants

$13M
Estimate · yearly rev · bootstrapped
Thin 5-10% margins, slow linear growth.
The edge: A programmer-founder undercut costly HP/Micro Focus ALM on price, then owned the regulated niche giants ignored.
Open →
Jimoty
Japan · free classifieds · listed 2020
Ad

Japan's free classifieds board that takes no cut

¥1.93B
Stated · about $12M · FY2025 net sales, TSE reported
Ad income per page view keeps falling
The edge: Ten percent of a free sofa is nothing, and posting one costs more than it fetches. Jimoty took what rivals cannot price.
Open →
Pitchup.com
UK · Marketplace · 2009
Marketplace

15% of every campsite night the OTAs ignored

€10.84M
Estimate · about $11.7M · 2024 revenue · FT ranking
No subscription - income stops with bookings
The edge: Free to list, 15% only when a booking lands. Campsites that had never sold a night online had nothing to lose.
Open →
Recite Me
Gateshead, UK - 2010 - Accessibility SaaS
SaaS

The accessibility widget the law makes you buy.

£8.8M
Stated · total BGF investment
Masks accessibility; doesn't fix WCAG.
The edge: Dyslexic founder built the tool he needed, so it sells as genuine inclusion — not a compliance band-aid like AccessiBe.
Open →
Fakturownia
Poland - invoicing SaaS - bootstrapped since 2010
SaaS

The invoicing app Poland's VAT law made unavoidable.

$11M/yr
Filed · 2025 revenue (KRS filing)
One country's law; free govt KSeF looms.
The edge: Polish tax law is complex and always changing; Fakturownia's compliance fluency is a moat generic apps can't copy.
Open →
AstroSage
Astrology SaaS - India - bootstrapped since 2004
SaaS

Free birth charts for 80M - AI reads them for pay.

$10M/yr
Estimate · FY25 revenue (Tracxn est)
1/14th of rival Astrotalk's revenue.
The edge: Free Kundli tools pull 80M installs via SEO; the paid AI astrologer then answers at about 90% margin.
Open →
BBCS
US · 1981 · vertical SaaS
SaaS

Blood bank software the FDA must clear before you ship

$10M/yr
Stated · annual revenue, 40 staff
Few buyers, and the pool never grows.
The edge: FDA made blood bank software a medical device in 1994. Every release needs 510(k) clearance, so nobody enters casually.
Open →
Bizness Apps
SaaS · SMB app builder · exited 2018
SaaS

DIY app builder for SMBs. Bootstrapped, sold $20M+.

$10M
Stated · ARR at 2018 exit
SMB-native-app demand later collapsed.
The edge: Raised just $100K, so a clean cap table let a PE firm buy 100% all-cash — no VCs to negotiate out.
Open →
BrightGauge
MSP business intelligence · Bootstrapped · Acquired 2019
SaaS

Client dashboards MSPs run on top of their PSA tools

$10M ARR
Stated · 2019 exit · bootstrapped
A report add-on the platform could absorb.
The edge: Built by brothers who ran their own MSP, so it plugged into the exact ConnectWise/Autotask tools MSPs already used.
Open →
Comalatech
SaaS · Atlassian ecosystem · Canada/Spain
SaaS

Bootstrapped Confluence apps. Sold for mid-8 figures.

$10M/yr
Stated · annual rev., 2021 (TGA)
One platform's rules govern everything.
The edge: Three Confluence apps, 10,000+ installs, bootstrapped 17 years — Atlassian's marketplace handled distribution.
Open →
DFnet
Clinical-trial data capture · Seattle · est. 2004
SaaS

Drug trials can't run on spreadsheets. Law says so.

$10M
Stated · revenue, SaaS + services
Tiny beside Veeva/Medidata; slow niche.
The edge: A trial locked to your validated system can't switch mid-study — years of switching-cost lock-in per client.
Open →
eConnect
US · 2009 · casino security SaaS
SaaS

Spots banned gamblers on cameras casinos already own.

$10M
Stated · annual revenue (Jul 2025)
Facial recognition law can shift overnight.
The edge: Software only. It runs on the cameras and POS the casino already bought, so there is no hardware to rip out.
Open →
eShow
US · Vertical SaaS · Bootstrapped 30 years
SaaS

Association event software. Every module built in-house.

$10M+
Stated · annual revenue, 2025
125 staff on $10M+ is a services cost base.
The edge: 14+ modules on one shared database, none of it acquired. The seams rivals inherited never existed here.
Open →
OnlineJobs.ph
Marketplace · Filipino remote work
Marketplace

Flat $69/mo to hire from 2M Filipino workers.

$10M+/yr
Stated · founder-stated, 2022
Employers cancel right after they hire.
The edge: 15 years of free how-to-hire content sends every 'hire a Filipino VA' search to the niche's deepest worker pool.
Open →
TalkingParents
SaaS subscription · Legal-tech · USA
SaaS

Court-proof messaging for divorced co-parents.

$10M+
Stated · ARR · no outside funding
Churns the moment the custody case ends.
The edge: A lawyer cofounder made records court-admissible, so judges and attorneys prescribe the app — courts are the channel.
Open →
TaskRay
Salesforce-native SaaS · USA
SaaS

Salesforce-native onboarding app, bootstrapped to $10M

$10M ARR
Stated · founder-stated, 2021 exit
Salesforce owns the platform it stands on.
The edge: Native to Salesforce: it lives where the customer data already is, and AppExchange delivers enterprise buyers.
Open →
Vegam
Smart-factory SaaS · India
SaaS

No factory background. It runs 300+ plants.

$10M
Stated · revenue (founder, 2023)
Services-heavy; long sales cycles.
The edge: 7 years inside one plant taught them the architecture incumbents never got right for messy batch-process factories.
Open →
AgencyAnalytics
SaaS · Agencies · Toronto
SaaS

White-label client reports for marketing agencies.

$15.7M ARR
Estimate · Latka est.
Reporting is commoditized; rivals copy fast.
The edge: Priced per client, so revenue scales with each agency's roster; white-label makes the report the agency's own.
Open →
Bandcamp
USA · True Ventures-backed · 2008
Marketplace

Fans buy music direct — and artists keep about 82%.

$1.3B+
Stated · paid to artists to date
Streaming gravity caps the ceiling
The edge: fans buy music direct instead of streaming pennies — revenue rises only when the artist's does.
Open →
BeatStars
Marketplace · Music · Austin, USA · 2008
Marketplace

Where a $30 beat becomes a No.1 record.

$400M+ to creators
Stated · lifetime GMV, not revenue
Producers multi-home; little lock-in.
The edge: An ex-distribution insider turned a beat-curation blog into the marketplace where unknown producers sell No.1 hits.
Open →
Deque Systems
Web accessibility · US
SaaS

The accessibility test engine Google & MS use.

3 billion+ axe downloads
Stated · revenue never disclosed
Services-heavy; the engine is free.
The edge: Deque owns axe-core, the free engine inside Google Lighthouse and Microsoft's tester. Rivals ship its code.
Open →
Letterboxd
Social film diary
Community

Books had Goodreads. Film buffs built their own.

29M+ members
Estimate · revenue never disclosed
About 4% pay; the other 96% cost to serve.
The edge: Cactuslab, the founders' web studio, bankrolled eight loss-making years until the film-diary habit was too entrenched.
Open →
Ontraport
Bootstrapped SMB automation · Inc. 500 honoree
SaaS

A CRM built in a yurt, grown with no VC money.

$20.4M ARR
Estimate · est. ARR; never disclosed
Customer base roughly flat for a decade.
The edge: Bootstrapped on a trader's savings, it hit 383% 3-yr growth and made the Inc. 500|5000 three years straight.
Open →
ServiceM8
SaaS · Australia · bootstrapped
SaaS

Job software for tradies, built Apple-first.

$50B+
Stated · in jobs billed (not revenue)
iOS-only long capped its market reach.
The edge: Kim ran a locksmith; the paperwork pain was his. Son Ben, an engineer, built the software fix.
Open →
Tax1099 (Zenwork)
IRS e-file SaaS · USA · since 2010
SaaS

The IRS made e-filing mandatory. They sell the button.

$163M
Stated · raised, first outside round
The IRS offers the same filing free (IRIS).
The edge: IRS-authorized transmitter status is a licensed moat; QuickBooks, Xero and Bill embed its filing button.
Open →