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Everstage raises $13M Series A to make sales commissions more transparent –

Everstage founders Vivek Suriyamoorthy and Siva Rajamani

Everstage founders Vivek Suriyamoorthy and Siva Rajamani

For sales agents, commission plans are often complex and lacks transparency, leading to accounting errors and frustrations. Everstage, a sales commission platform, solves this, allowing sales executives to see exactly how much they have earned. It also has indicators to estimate how much commissions are likely to make in the pipeline. Today, the company announced that it has raised $ 13 million in a series of investments led by Elevation Capital.

TechCrunch first covered Everstage last August when it announced a $ 1.7 million seed cycle from 3one4 Capital, which is also back in this round.

Everstage was founded in 2020, owned by Siva Rajmani, former leader of the global revenue operations team at Freshworks, and Vivek Suriyamoorthy. Its customers include Chargebee, Postman, Nitro, Hackerrank and CleverTap.

Everstage added new features over the past year: the appearance of Slack emergency commissioners, contract management and game promotion. For example, sellers of sales can enter into different situations and see how this will affect their payment estimates. Everstage also has a leader board, so salespeople know how to rank their team.

Rajmani told TechCrunch that since investing in Everstage seeds, its revenue has increased 5x, due to a 6x increase in customers. While most of Everstage’s customers are in the United States, they also now have customers in Europe, Asia Pacific and Africa. It is used by companies across the board including technology, business services, financial services, insurance, health technology and logistics. Everstage has also increased the number of its team from 20 to seed funding time to 70 now.

The funding will be used to grow Everstage’s emerging market, production and engineering teams, as well as their branding and marketing.

In a written statement, Akarsh Shrivastava, CEO of Elevation Capital said, “I am very impressed with how different the current elegant vendors, Everstage, are to the new companies that are allowed to design and manage even the most complex plans, while checking the UI / Modern UX. And customer experience as an experience. “