Highlights:

  • To automate workflows that expedite commission procedures and lessen administrative load while maintaining transparency and compliance, Everstage connects with a range of platforms and technologies.
  • Everstage would not provide exact sales figures, but it did report robust growth, including a 300% year-over-year increase in revenue in the previous year.

Everstage Inc. raised USD 30 million in the latest funding to bolster product innovation and enhance its customer experience. Everstage is a sales performance management startup.

The 2020 startup provides a platform that streamlines how businesses handle sales commissions. To assist businesses in achieving greater accuracy and performance, it provides solutions to streamline the development, monitoring, and implementation of commission plans.

Real-time commission forecasting, which enables sales representatives to comprehend their prospective revenues from concluded agreements, is one of Everstage’s platform’s key advantages. Additionally, the platform has a reporting and analytics module driven by business intelligence that delivers insights into how to optimize pay plans.

To automate workflows that expedite commission procedures and lessen administrative load while maintaining transparency and compliance, Everstage connects with a range of platforms and technologies. Additionally, the platform has gamification features that give sales teams direct visibility into their earning potential and advancement, which motivates them.

The platform is marketed as having flexibility and simplicity, making it perfect for sectors including manufacturing, financial services, and technology. Businesses can adapt the platform to their changing demands due to its modular architecture, which boosts operational performance and profitability.

Everstage would not provide exact sales figures, but it did report robust growth, including a 300% year-over-year increase in revenue in the previous year. Among the notable clients are Paychex Inc., John Wiley & Sons Inc., Diligent Corp., Trimble Inc., and Gray Television Inc.

The Series B investment was led by Eight Roads Ventures, with participation from previous investors Elevation Capital Management Pte Ltd. and 3one4 Capital Advisors LLP.

“Our Series B is not just about growth; it’s about a long-term commitment to our customers,” Co-founder and Chief Executive Siva Rajamani stated. “In a market dominated by traditional vendors, we’ve questioned the status quo by offering a modern, strategic approach to sales performance management. This investment will allow us to double down on product innovation and elevate our customer experience.”

With this fresh capital included, Everstage has now raised USD 45 million.