Everstage is a technology company.
Everstage has raised $45.0M across 3 funding rounds.
Everstage has raised $45.0M in total across 3 funding rounds.
Everstage has raised $45.0M in total across 3 funding rounds.
Everstage's investors include 3one4 Capital, Blume Ventures, The Hit Forge, Balaji Srinivasan, AngelList.
Everstage is a sales compensation software company that builds a no-code platform automating sales performance management (SPM), including commissions, territory and quota planning, incentive execution, and real-time performance tracking.[1][3][4] It serves B2B enterprises with complex sales structures, solving the problem of manual, spreadsheet-based processes that hinder revenue growth by providing predictive forecasting, AI-driven recommendations, gamification for sales motivation, and seamless integrations with CRM and ERP systems.[1][3] Founded in 2020 and headquartered in New York with operations in Chennai, India, Everstage has raised over $45M in funding (up to Series B in October 2024), employs 200+ people, and reports $3.5M revenue with strong growth momentum evidenced by 259 employees and 45K monthly web traffic.[1][2][4][5]
Everstage was founded in 2020 by Siva Rajamani, who drew from his experience leading Global Revenue Operations at a prior organization, where he identified the need for intuitive systems to optimize incentive programs and drive business outcomes.[1][4] He assembled a team of operations professionals expert in sales compensation to create a solution unlocking revenue potential through better commissions management.[4] The idea emerged from frustrations with outdated tools, evolving from initial sales team software to a comprehensive SPM platform; early traction came via seed funding of $1.7M in 2021, followed by Series A ($13M in 2022) and Series B ($30M in 2024).[2][5]
Everstage rides the enterprise sales tech wave, capitalizing on the shift from manual compensation tools to AI-automated SPM amid booming demand for revenue operations efficiency in a high-growth SaaS ecosystem.[1][3] Timing aligns with post-pandemic sales complexity—rising remote teams, global expansion, and data-driven incentives—fueled by market forces like AI adoption and no-code democratization, reducing ops costs by up to 50% via automation.[2][4] It influences the ecosystem by enabling faster revenue adaptation, similar to peers like Hevo or Perplexity in data unification, positioning SPM as a core revenue lever alongside CPQ and planning.[3][5]
Everstage is poised for accelerated expansion post-Series B, targeting deeper enterprise penetration with agentic AI enhancements and broader integrations to capture the $10B+ SPM market.[2][3][5] Trends like AI agents and composable revenue stacks will shape its path, potentially leading to IPO or further funding as sales tech consolidates. Its influence may evolve from automation specialist to full revenue orchestration leader, sustaining momentum if it maintains security edge and customer love—echoing its origin as the intuitive fix for broken incentive programs.[1][4]
Everstage has raised $45.0M across 3 funding rounds. Most recently, it raised $30.0M Series B in October 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2024 | $30.0M Series B | 3one4 Capital, Blume Ventures, The Hit Forge, Balaji Srinivasan | |
| Apr 1, 2022 | $13.0M Series A | 3one4 Capital, Blume Ventures, The Hit Forge, Balaji Srinivasan | |
| Aug 1, 2021 | $2.0M Seed | 3one4 Capital, AngelList, Blume Ventures, The Hit Forge, Balaji Srinivasan |