Everstage, a Chennai and Delaware-based SaaS startup, has raised $13 million in Series A round led by Elevation Capital. The round also saw participation from the existing investor 3one4 Capital.
Everstage will utilize the funds to further expand the sales, engineering and solutions teams to serve customers worldwide. The 50-member team is expected to grow 3x by the end of the year.
Founded in 2020 by Siva Rajamani and Vivek Suriyamoorthy, Everstage provides a modern sales commission management platform. In just 6 months from the previous round, Everstage claimed to have grown 5x in revenue and 6x in customer base.
Everstage counts several known companies like Chargebee, Postman, Nitro, Hackerrank, Clevertap as its customers.