Everstage Raises $13 Million From Elevation Capital, Others

Everstage, a SaaS company that provides a modern sales commission management platform based in Chennai and Delaware, has raised $13 million in Series A from Elevation Capital. Existing investor 3one4Capital also participated in this round.

Founded by Siva Rajamani and Vivek Suriyamoorthy, Everstage will use this money to further expand its sales, engineering, and solutions teams to serve customers around the world. A strong team of 50 people is expected to triple in size by the end of the year.

In just six months since the last round, Everstage's revenue has increased five-fold and its customer base has increased six-fold. Every stage currently has customers on four continents, including well-known companies such as Chargebee, Postman, Nitro, Hackerrank, and Clevertap.

“We have been extremely privileged to be working with Siva, Vivek, and the entire Everstage team over the last two years and have been highly impressed by their execution,” said Anurag Ramdasan, Partner at 3one4 Capital.