Everstage raises $30 million in Series B funding led by Eight Roads Ventures

Since its inception in 2020, Everstage has seen a 300% year-on-year revenue increase, it added.

Sales performance management platform Everstage has raised $30 million in a Series B funding round led by Eight Roads Ventures, with participation from existing investors Elevation Capital and 3one4 Capital. This funding round brings the company’s total investment to $45 million, The company said in its press release.

Moneycontrol was first to report about Everstage finalising a deal to raise $30 million at $150 million valuation from Eight Road Ventures and others.

Since its inception in 2020, Everstage has seen a 300% year-on-year revenue increase, it added. The company plans to use the new funds to enhance its product capabilities and invest in professional services.

According to the company release, Everstage customer base includes Fortune 1000 companies such as GrayTV, Wiley, Diligent, Trimble, and Paychex. The platform boasts a customer satisfaction rating of 4.8 out of 5 on leading software review sites like G2 and Gartner.

Co-founder and CEO Siva Rajamani emphasized the commitment to customer success, stating, “Our Series B is not just about growth; it’s about a long-term commitment to our customers.”

The company’s flagship feature, Crystal, provides real-time commission forecasting, helping sales teams better understand their potential earnings. Everstage plans to launch an AI Agent Creation Studio, allowing RevOps professionals to customise AI assistants for tasks like sales performance analysis and plan building.

Additionally, Everstage has hired Kelly McGuire, former VP at Glassdoor, as VP of Customer Success. The company also announced an Employee Stock Ownership Plan (ESOP) buyback worth Rs 5 crores.