B2B software-as-a-Service (SaaS) startup Everstage has raised $1.7 million in seed funding led by VC firm 3one4 Capital. 

Several angels including, Krish Subramanian and Rajaraman Santhanam (Co-founders of Chargebee), Sidharth Malik (CRO of Freshworks), Prasanna Sankar (Co-founder of Rippling), Koti Reddy (CTO of Conga), Vetri Vellore (CEO of Ally.io), Utsav Somani (Partner at Angellist India), Ganesh Shankar (CEO of Rfpio), among others, also participated in the funding round.

Everstage plans to use the raised funds for team expansion and B2B focused marketing initiatives.

[Read: How Tech Revolution Has Affected The B2B Market]

Started by Siva Rajamani (formerly with Freshworks) and Vivek Suriyamoorthy (previously with DE Shaw) in 2020, Everstage is a no-code commissions automation platform. The platform removes recurring busywork for Ops and Finance teams and provides a transparent and gamified incentives experience to your customer-facing teams.

Siva Rajamani, Co-founder and CEO at Everstage, said, 

“A typical company spends more than 10 percent of their budget on commissions. Yet, most companies manage commissions over spreadsheets, losing out on the opportunity to provide visibility and drive sales performance through interventions.” 

To address this gap, Everstage has built a platform that fully integrates quota and commissions management platform, with a no-code plan designer offering complete flexibility to Ops and Finance teams.

Everstage plans to grow its customer base by 20X and launch its operations at a much larger scale in the US over the next 12 months. The B2B SaaS startup is already working with multiple customers from the US. 

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