Everstage, a New York-based SaaS startup that provides sales performance management platform, has raised $30 million in Series B funding, bringing its total funding to $45 million.
Investors
The round was led by Eight Roads Ventures, with participation from existing investors Elevation Capital and 3one4 Capital.
Eight Roads is a global investment firm backed by Fidelity, managing $11 billion in assets across Asia, Europe, Israel, and the US, with a focus on technology, fintech, consumer, and healthcare.
Everstage Use of Funds
The company plans to use the funds to accelerate product innovation and enhance the customer experience, including the launch of AI-powered features for sales analysis.
About Everstage
Founded in 2020 by Siva Rajamani and Vivek Suriyamoorthy, Everstage provides a sales performance management platform designed to automate and optimize sales compensation. It helps companies align sales incentives with business goals through features like real-time commission forecasting, advanced analytics, and AI-powered tools. Everstage has served over 200 customers across technology, manufacturing, financial services, and pharmaceuticals. Its customer list includes large enterprises like GrayTV, Wiley, Diligent, Trimble, and Paychex.
Funding Details
Company: Everstage, Inc.
Raised: $30.0M
Round: Series B
Funding Date: October 2024
Lead Investor: Eight Roads Ventures
Additional Investors: Elevation Capital, 3one4 Capital
Company Website: https://www.everstage.com/
Software Category: Sales Performance Management
Source: https://www.globenewswire.com/news-release/2024/10/16/2964216/0/en/Everstage-the-leading-sales-performance-management-platform-raises-30M-Series-B-led-by-Eight-Roads-Ventures.html