Fee arrangements for gross sales representatives can be complex and opaque, leading in accounting mistakes and irritation. Everstage, a gross sales commission platform, tackles this problem by allowing gross sales representatives to know exactly how much they made.
It also gives tools for estimating how much money they will almost certainly make from their offers pipeline. Currently, the firm announced that it has secured $13 million in Sequence investment led by Elevation Capital.
Everstage was initially covered by reports in August when it announced a $1.7 million seed round from 3one4 Capital, which has also returned for this round.
Siva Rajamani, the former head of Freshworks’ global revenue operations business, and Vivek Suriyamoorthy founded Everstage in 2020. Chargebee, Postman, Nitro, Hackerrank, and CleverTap are among its clients.
It is used by businesses in a variety of industries, including technology, business services, financial services, insurance, health care technology, and logistics.
Everstage has also increased the size of its team from 20 at the time of its seed investment to 70 currently.
The funds will most likely be used to expand Everstage’s go-to-market, product, and engineering teams, as well as branding and advertising and marketing.
Akarsh Shrivastava, Principal at Elevation Capital, stated in a prepared statement, “We were tremendous impressed at how, in contrast to the current legacy distributors, Everstage elegantly allowed firms to design and handle even the most advanced plans, whereas guaranteeing a contemporary UI/UX and shopper app like expertise.”
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