Everstage, a SaaS startup, is in advanced stages to raise $30 million from new investor Eight Roads Ventures, valuing the company at $150 million. Existing backers like 3one4 Capital and Elevation Capital will also participate in the round.
What do they do? Everstage, founded in 2020, is a sales performance management platform designed to automate sales commissioning processes for companies. It counts PopMenu, Whatfix, Chargebee, and Alphasense among its customers.
Trends: Investors are increasingly focusing on SaaS startups, with reports of other companies in the space, such as Whatfix and HighPerformr, also securing significant funding rounds.
Market Outlook: The investment into Everstage reflects the growing interest in vertical platforms within the SaaS space, with various investors setting aside funds to invest in B2B SaaS startups.
Scoop: Money Control
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