Aditya Hadi Pratama · · 1 min readSales commission platform by ex-Freshworks employee bags $1.7m seed funding
Everstage, a sales software-as-a-service (SaaS) startup with headquarters in India and the US, announced it has raised US$1.7 million seed funding led by 3one4 Capital.
Several angel investors including Chargebee co-founders Krish Subramanian and Rajaraman Santhanam, AngelList India partner Utsav Somani, Freshworks chief revenue officer Sidharth Malik, and Rippling co-founder Prasanna Sankar, also participated in the round.
Everstage co-founders Vivek Suriyamoorthy (left) and Siva Rajamani / Photo credit: Everstage
Everstage builds a no-code incentives automation platform for on the ground sales teams. It was founded in 2020 by Siva Ramajani, a former executive at software firm Freshworks, and Vivek Suriyamoorthy, an ex-engineer at investment firm D. E. Shaw.
The SaaS startup says that it wants to build a larger operation in the US, where most of its clients including Chargebee, Postman, and Lambdatest are based.
Everstage plans to use the fresh funds to carry out business-to-business focused marketing initiatives and expand its team. The company is also looking to grow its customer base by 20x and quadruple its employees in the next 12 months.
Editing by Collin Furtado and Eileen C. Ang
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