Total amount raised
$44.7 Millions
Latest funding date
Location
Everstage has successfully raised significant funding over multiple rounds, with its latest being a Series B. The platform specializes in no-code commissions automation, providing a comprehensive sales management solution.
Keep reading to delve into the details of Everstage's funding journey and the investors who are backing this innovative platform.
What Is Everstage?
Everstage, founded in 2020, is a no-code commissions automation tool based in Wilmington, Delaware, with its headquarters in New York, New York. The company was established by Siva Rajamani and Vivek Suriyamoorthy.
Specializing in sales management, Everstage aims to save Ops and Finance teams time and effort while providing a transparent and gamified incentives experience to customer-facing teams. The platform automates approval workflows, contract management, and payment validations, offering customizable reporting for insights on sales performance.
With a team of 101-250 employees, Everstage incorporates gamification and AI functionalities to motivate and engage sales teams, ensuring enterprise-grade security and compliance. The company is recognized for its innovative solutions in sales performance management.
How Much Funding Has Everstage Raised?
- Seed Round
- Amount Raised: $1.7M
- Date: August 2021
- Lead Investors: 3one4 Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop Everstage's no-code sales commission automation platform and expand its customer base.
- Series A
- Amount Raised: $13M
- Date: April 2022
- Lead Investors: Elevation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Series B
- Amount Raised: $30M
- Date: October 2024
- Lead Investors: Eight Roads Ventures India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
Total Amount Raised: $44.7M. Current Valuation: Not publicly disclosed.
Key Investors
- Eight Roads Ventures India
- Details: Eight Roads Ventures India is a global venture capital firm that invests in high-growth technology and healthcare companies. They have a strong presence in India and have backed several successful startups.
- Investment Focus Areas: Technology, healthcare, consumer, financial services.
- Notable Investments: Icertis, Shadowfax, Whatfix.
- Elevation Capital
- Details: Elevation Capital, formerly known as SAIF Partners, is a leading venture capital firm in India. They focus on early-stage investments and have a track record of supporting innovative startups.
- Investment Focus Areas: Consumer internet, SaaS, fintech, healthcare.
- Notable Investments: Paytm, Swiggy, UrbanClap.
- 3one4 Capital
- Details: 3one4 Capital is an early-stage venture capital firm based in India. They focus on investing in technology-driven startups that have the potential to create significant impact.
- Investment Focus Areas: SaaS, fintech, digital media, deep tech.
- Notable Investments: Licious, Darwinbox, Betterplace.
What's Next for Everstage?
Everstage stands at the cusp of significant growth opportunities, driven by the increasing adoption of SaaS solutions and the demand for automation tools. With early customers including SaaS unicorns, the platform is well-positioned to expand its market presence and drive performance for customer-facing teams.
Future fundraising opportunities appear promising, given the strong backing from notable investors like 3one4 Capital. This support could facilitate additional funding rounds, enabling Everstage to scale operations and enhance its platform. However, the company may face challenges such as competition from other SaaS providers and maintaining user-friendliness as it grows.
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