Chennai based Saas firm Everstage raises $13 M in Series A funding from Elevation Capital


Everstage, a SaaS firm that provides a modern sales commission management platform, has raised $13 million in Series A funding from Elevation Capital. This round includes participation from 3one4 Capital, an existing investor. 

Everstage will use the funds to expand its sales, engineering, and solutions teams in order to better serve customers worldwide. By the end of the year, the 50-person team is expected to have tripled in size. Everstage automates sales commission systems in firms to help client executives perform better.

“We started Everstage because we identified several pain points with the existing legacy sales commission vendors in the market. The market need was clear – customers wanted an easy to set up and use product that was high on ongoing configurability. Our conviction for disrupting the market has only gone up in the last one year with the amount of customers choosing us over established players.”

Siva Rajamani, Co-founder & CEO of Everstage

In the six months since the previous round, Everstage’s revenue and customer base have increased by 5x and 6x, respectively. Everstage now has customers across four continents, including well-known companies such as Chargebee, Postman, Nitro, Hackerrank, and Clevertap.

“With ever increasing data on GTM motions, companies are constantly looking to design creative incentive plans to drive sales performance. Everstage elegantly allows companies to design and manage even the most complex plans while ensuring a modern UI/UX and a consumer app-like experience. This is currently missing from the legacy vendors’ value chain. Super excited to back the Everstage team as they build the RevOps platform of the future” Principal at Elevation Capital, Akarsh Shrivastava“With ever increasing data on GTM motions, companies are constantly looking to design creative incentive plans to drive sales performance. Everstage elegantly allows companies to design and manage even the most complex plans while ensuring a modern UI/UX and a consumer app-like experience. This is currently missing from the legacy vendors’ value chain. Super excited to back the Everstage team as they build the RevOps platform of the future” 

Akarsh Shrivastava, Principal at Elevation Capital

Siva Rajamani and Vivek Suriyamoorthy founded Everstage in 2020. The Saas company is based in Chennai and Delaware. Everstage has quickly become the go-to platform for companies looking to automate their commission’s process, with customers now across four continents.

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