Everstage, a NYC-based provider of sales performance management software for enterprises worldwide, raised $30M in Series B funding.
The round, which brought the total amount to $45M, was led by Eight Roads Ventures, with participation from existing investors, Elevation Capital and 3one4 Capital.
The company intends to use the funds to expand its product capabilities and further invest in its in-house professional services to accelerate time-to-value for customers.
Led by CEO Siva Rajamani, Everstage is a high growth Enterprise-SaaS company that currently caters to a variety of industry verticals such as technology, manufacturing, and financial services, to turn sales compensation into a strategic lever for business growth. At the core of its approach is Crystal, a module that provides real-time commission forecasting for sales representatives. This feature allows sales teams to understand potential earnings from closing deals, reducing financial uncertainty and boosting motivation. Complementing Crystal is Everstage’s BI-powered reporting and analytics, offering insights that help drive profitable growth through sales compensation.
Since its inception, Everstage has rapidly emerged as a leader in sales compensation, trusted by a growing list of several global Fortune 1000, publicly-listed companies and large enterprises including GrayTV, Wiley, Diligent, Trimble and Paychex.
The team also includes Vivek Suriyamoorthy (Co-founder & CTO) and Mike Groeneveld (VP of Global Sales).
FinSMEs
16/10/2024