Everstage was founded by Vivek Suriyamoorthy and Siva Rajamani.
Commission plans can be complicated and lack transparency, leading to accounting errors and frustration for sales reps. The Everstage platform allows sales reps to see how much they earned. They have features to estimate how much they can make from their deals. The startup has raised $13 million in Series funding.
3one4 Capital's $1.7 million seed round was announced last August and has returned for this round.
Everstage was founded in 2020 by the former lead of the global revenue operations team. Chargebee, Postman, Nitro, Hackerrank, and CleverTap are some of its customers.
Everstage has added new features over the past year. Sales reps can see how different scenarios will affect their estimates. Sales reps know how they are ranked on Everstage's leaderboards.
Everstage's revenues have gone up by 5x thanks to a 6x increase in customers, according to Rajamani. Most of Everstage's customers are in the United States, but it also has clients in Europe, the Asia Pacific and Africa. It is used by companies in a variety of industries. At the time of its seed funding, Everstage had a team of 20.
The funding will be used to grow Everstage's go-to-market, product and engineering teams.
In a prepared statement, Akarsh Shrivastava, Principal at Elevation Capital said, "We were super impressed at how unlike the current legacy vendors, Everstage, elegantly allowed companies to design and manage even the most complex plans."
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