Everstage Raises $30 Million in Series B Funding

Everstage, a SaaS startup specializing in sales performance management, has successfully raised $30 million in a Series B funding round led by Eight Roads Ventures, bringing its total funding to $45 million. This investment will be utilized for enhancing product capabilities, expanding professional services, and launching new AI features, including an 'AI Agent Creation Studio' aimed at assisting revenue operations professionals. Founded in 2020 by Siva Rajamani and Vivek Suriyamoorthy, Everstage has rapidly grown, with its revenue quadrupling over the past two years and a client base exceeding 200 companies, including large enterprises and publicly-listed firms. The company aims to simplify commission management for sales teams, ensuring transparency and motivation in their performance. Rajamani emphasized that the funding represents a long-term commitment to customer service and innovation, positioning Everstage uniquely in a market dominated by traditional vendors. Additionally, the round included an Employee Stock Ownership Plan (Esop) buyback worth INR 5 crore, reflecting Everstage's dedication to its workforce.