Sales performance management platform Everstage has successfully raised $30 million in a Series B funding round, led by Eight Roads Ventures.
Existing investors Elevation Capital and 3one4 Capital also participated in the round, bringing Everstage’s total funding to $45 million. This follows its $13 million Series A raise in April 2022.
With headquarters in both Chennai and Delaware, Everstage plans to use the new funding to further enhance its product offerings and improve its in-house professional services. The goal is to deliver faster results for customers while expanding the platform’s capabilities. Everstage’s innovative solutions are helping enterprises optimize their sales commissions and drive business growth.
Founded in 2020 by Siva Rajamani and Vivek Suriyamoorthy, Everstage has quickly gained a reputation as a top-tier SaaS solution for managing sales performance. The platform’s flagship product, Crystal, offers real-time commission forecasting for sales teams, allowing them to project earnings based on closed deals. This predictive feature reduces uncertainty for sales professionals, making it easier for them to stay motivated and achieve targets. Additionally, Everstage provides advanced analytics and reporting tools, empowering businesses to make data-driven decisions that support profitable growth.
Everstage has attracted an impressive client list, with notable customers including publicly traded companies like GrayTV, Wiley, Diligent, Trimble, and Paychex. The platform’s appeal spans multiple industries, including technology, financial services, and manufacturing. By positioning sales compensation as a critical lever for business success, Everstage helps organizations streamline commission processes and foster a more engaged sales force.
Despite not revealing specific revenue figures, Everstage reports an impressive 300% year-on-year revenue growth. Alongside its funding announcement, the company also revealed an employee stock ownership plan (ESOP) buyback worth Rs 5 crore ($600,000), a move that aligns Everstage with other prominent Indian startups such as Swiggy, Urban Company, and Meesho that have taken similar steps to reward employees.
As Everstage continues to grow, its mission remains clear: to empower businesses with a modern, efficient sales performance management platform that transforms sales compensation into a strategic driver of success. With fresh capital and a rapidly expanding customer base, the company is poised to further solidify its leadership in the sales performance management space.
