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SAN FRANCISCO, Nov. 28, 2023 ~ Every.io, the all-in-one back office stack for startups, has announced its emergence from stealth mode alongside $9.5 million in seed funding. The round was led by Base10 Partners, with participation from Y Combinator, Formus Capital and Cambrian Ventures of Rex Salisbury.
Every provides bank accounts, corporate cards, bill payments, corporate treasury, HR, payroll, benefits, accounting and taxes all in one platform to help founders save time and money. After their successful launch in YC's S23 batch, Every achieved $1M ARR within six months and grew to 75 customers.
The company was founded by serial entrepreneur Rajeev Behera who previously raised $100M for his last venture Reflektive in the HR B2B SaaS space and scaled it to 250 employees. Behera drew inspiration from his experience as the founding CEO at Reflektive when he said "Founders just want to focus on building. They don't have time to learn complex subjects like payroll, taxes and accounting."
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In addition to providing a great suite of products, Every also offers top notch professional services such as support filing state taxes, choosing the best healthcare plan and creating a custom treasury management plan that maximizes yield and fund safety. George Wang (Co-Founder & CEO at Stellar Sleep) said "We had some complicated situations with paying our contractors and Every handled them super well." Luke Groesbeck (Co-Founder & CEO at Foundation) added "As a founder the last thing I need is to be thinking about all these details."
Every's AI automates workflows across its highly integrated product suite saving founders time and money while delivering a superior experience. For example Every's in-house general ledger sits across banking payroll and treasury allowing its Bookkeeper AI to seamlessly pull transaction data automatically categorizing it while delivering bookkeeping at 50% the cost of competitors.
Rexhi Dollaku (General Partner at Base10 Partners) expressed his excitement about how Every is leveraging AI to reimagine the full back office stack saying "We look forward to partnering with Every as they continue to save founders hundreds of hours managing Finance and HR."
For more information or sign up for a demo visit every.io
Every provides bank accounts, corporate cards, bill payments, corporate treasury, HR, payroll, benefits, accounting and taxes all in one platform to help founders save time and money. After their successful launch in YC's S23 batch, Every achieved $1M ARR within six months and grew to 75 customers.
The company was founded by serial entrepreneur Rajeev Behera who previously raised $100M for his last venture Reflektive in the HR B2B SaaS space and scaled it to 250 employees. Behera drew inspiration from his experience as the founding CEO at Reflektive when he said "Founders just want to focus on building. They don't have time to learn complex subjects like payroll, taxes and accounting."
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In addition to providing a great suite of products, Every also offers top notch professional services such as support filing state taxes, choosing the best healthcare plan and creating a custom treasury management plan that maximizes yield and fund safety. George Wang (Co-Founder & CEO at Stellar Sleep) said "We had some complicated situations with paying our contractors and Every handled them super well." Luke Groesbeck (Co-Founder & CEO at Foundation) added "As a founder the last thing I need is to be thinking about all these details."
Every's AI automates workflows across its highly integrated product suite saving founders time and money while delivering a superior experience. For example Every's in-house general ledger sits across banking payroll and treasury allowing its Bookkeeper AI to seamlessly pull transaction data automatically categorizing it while delivering bookkeeping at 50% the cost of competitors.
Rexhi Dollaku (General Partner at Base10 Partners) expressed his excitement about how Every is leveraging AI to reimagine the full back office stack saying "We look forward to partnering with Every as they continue to save founders hundreds of hours managing Finance and HR."
For more information or sign up for a demo visit every.io
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