Yet, traditional approaches to sales compensation often fall short. Everstage, a sales performance management software for enterprises worldwide, is changing this narrative. 

The company 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 investment brings Everstage’s total funding to $45 million. 

Since its inception, Everstage has quickly grown into a leader in sales compensation, trusted by a growing list of several global Fortune 1000, publicly-listed companies and large enterprises including GrayTV, Wiley, Diligent, Trimble and Paychex. 

With a rating of 4.8/5, Everstage is recognized as the #1 sales compensation platform on leading software review sites such as G2 and Gartner, based on over 2,000 customer reviews. The company’s ability to swiftly evolve its product to stay ahead of market needs has contributed to its tremendous growth — 300% YoY revenue growth last year. 

“Our Series B is not just about growth; it’s about a long-term commitment to our customers”, said Siva Rajamani, Co-founder and CEO of Everstage.

“In a market dominated by traditional vendors, we’ve questioned the status quo by offering a modern, strategic approach to sales performance management. This investment will allow us to double down on product innovation and elevate our customer experience with the highest standard of service, unlike anything the market has seen before.”

Founded in 2020 by Siva Rajamani and Vivek Suriyamoorthy, Everstage was born out of the founders’ firsthand experience with the challenges of sales compensation management. 

Before starting Everstage, Rajamani served as the head of Freshworks’ global revenue operations team. This experience highlighted the need for a more efficient and strategic approach to sales compensation.

“Everstage’s modular product helps organizations dynamically manage their evolving Sales Performance Management needs and align frontline teams with broader organization goals. Customers consistently expressed their appreciation for the product’s simplicity and intuitive design, which significantly shortens the time to value,” said Aditya Systla, partner at Eight Roads Ventures. 

“We are excited to partner with Siva and Vivek, who have assembled a strong team with extensive experience in Revenue Operations. Together, we share a unified vision of creating a customer-first sales performance management platform that delivers real impact.”

Everstage currently caters to a variety of industry verticals such as Technology, Manufacturing, and Financial Services, to go beyond simple innovation and turn sales compensation into a strategic lever for business growth. 

At the heart of the company’s approach is Crystal, a module that provides real-time commission forecasting for sales representatives. This feature allows sales teams to understand potential earnings from closing deals, reducing financial uncertainty and boosting motivation. 

Complementing Crystal is Everstage’s BI-powered reporting and analytics, offering insights that help drive profitable growth through sales compensation.

“Our move to Everstage was one of the best decisions we’ve made”, said Jose Aleman, VP of Commercial Operations at Diligent. “Working with Everstage has been a great experience. They’ve delivered on every promise, and we’re 110% satisfied with what we’ve achieved so far. We’re excited for what the future holds.”

Everstage’s approach has yielded impressive results for its clients. Monex leveraged Everstage’s dashboards to drive peak sales performance, while Postman achieved a 2x increase in multi-year deals. 

Nitro now manages its incentive programs for over 100 payees with just one administrator, thanks to Everstage’s automation. Popmenu replaced its legacy software, seeing improvements in both sales performance and returns, while Chargebee improved the commission experience for over 300 sales reps across 50 teams. 

The company’s new round of funding will be used to expand Everstage’s product capabilities and further invest in its in-house professional services to accelerate time-to-value for customers. 

Looking ahead, Everstage is set to launch its AI Agent Creation Studio, a feature that will empower RevOps professionals to build and customize their own AI assistants. These AI agents will be capable of performing tasks such as sales performance analysis, plan building, and modelling recommendations, further streamlining the sales operations process. 

As part of its growth strategy and commitment to customer success, Everstage is also investing significantly in delivering value to customers.

The company recently hired Kelly McGuire as VP of Customer Success, bringing over 15 years of experience from companies like Glassdoor and Sisense to enhance Everstage’s customer experience.

The round was co-led by 8VC, Matrix Partners India, and Nexus Venture Partners, bringing the company’s total funding to $45 million.

Rocketlane addresses the challenges faced by professional services teams who are often burdened with disparate tools and legacy systems. The platform integrates project management, AI capabilities, and client communication to simplify operations, reduce inefficiencies, and enhance project visibility.

Over the past year, Rocketlane has tripled its revenue and grown its customer base to over 500, including enterprises transitioning from legacy Professional Services Automation (PSA) tools. Notable customers include OpenGov, LivePerson, Fivetran, Personio, and Zenoti.

Srikrishnan Ganesan, CEO & Co-founder of Rocketlane, stated, “Our unique combination of high-velocity innovation and robust capabilities sets us apart. This new investment will accelerate our AI roadmap and redefine the client portal experience. We are well-equipped to handle rapid growth and continue delivering exceptional value to our clients.”

Rocketlane’s AI-driven platform helps SaaS providers, especially those in the AI sector, accelerate onboarding, shorten time-to-value, and boost net revenue retention. Recent AI functionality enhancements are part of the company’s strategy to maintain its competitive edge.

Rocketlane’s success is reflected in its recognition as the G2 Momentum Leader in the PSA category for three consecutive quarters and its achievement of 199 G2 badges in the Spring 2024 report.

Founded in April 2020 by Srikrishnan Ganesan, Vignesh Girishankar, and Deepak Bala, Rocketlane was born out of the founders’ experiences with their previous startup, FreshChat, which was acquired by Freshworks in 2015.

Bhaskar Ghosh, Partner at 8VC, commended Rocketlane, saying, “Rocketlane has replaced legacy PSA approaches with elegant software and rapid deployment. We are thrilled to continue supporting this visionary team.”

Jishnu Bhattacharjee of Nexus Ventures Partners and Vikram Vaidyanathan of Matrix India also expressed their support, highlighting Rocketlane’s industry-leading AI-powered product and rapid market adoption.

Rocketlane’s growth strategy includes the appointment of Rao Adavikolanu as Chief Marketing Officer to enhance market presence and strategic initiatives. Looking forward, the company is focused on attracting top talent and executing its AI-first roadmap to transform onboarding and project deliveries.

Siva Rajamani, CEO of Everstage, noted the impact of Rocketlane, “We have accelerated customer wins by 35% and strengthened partnerships from the start of the journey. Rocketlane elevates our customer experience with strong automation and consistency.”

Rocketlane continues to be the go-to choice for professional services firms seeking to optimize project delivery and utilization margins.