Today, we welcomed leading sales performance management software, Everstage to the Eight Roads Family. Our India Ventures team led their $30 million Series B round.

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. Since then, Everstage has rapidly emerged as a leader in sales compensation, trusted by a growing list of several global Fortune 1000, publicly-listed companies and large enterprises.

With a rating of 4.8/5, Everstage is recognized as #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.

Commenting on the fundraise, Aditya Systla, Partner, Eight Roads Ventures said: “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. 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.”

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

The new round of funding will be used to expand Everstage's product capabilities and further invest in its in-house professional services such as their latest feature – an AI Agent Creation Studio, that will empower RevOps professionals to build and customize their own AI assistants, capable of performing analysis of sales performance, plan building, and modeling recommendations.

Read more about the fundraise here.