Tuesday, November 19, 2024
HomeFunding San Francisco-based Every.io Secures $9.5M in Seed Funding

[Funding alert] San Francisco-based Every.io Secures $9.5M in Seed Funding

San Francisco-based Every.io secures $9.5M in seed funding. Base10 led the investment, and Y Combinator, Formus Capital, and Rex Salisbury's Cambrian Ventures also invested.

San Francisco-based Every.io secures $9.5M in seed funding. Base10 led the investment, and Y Combinator, Formus Capital, and Rex Salisbury’s Cambrian Ventures also invested.

Every saves founders both cash and time by offering one platform for bank accounts, corporate cards, bill payments, corporate treasury, payroll, benefits, accounting, and taxes. Every achieved $1M ARR in 6 months after their successful debut in YC’s S23 class, and they now have 75 customers.

Behera’s experience as the founding CEO at Reflektive, noting “When I started my last company, I made a lot of costly errors setting up my back office. Founders just want to focus on building. They don’t have time to learn complex subjects like payroll, taxes and accounting.”

George Wang, Co-Founder and CEO at Stellar Sleep (YC S23) said, “We had some complicated situations with paying our contractors, and Every handled them super well. We were literally set up within an hour for contractors and within a day for W2 payroll,”.

Luke Groesbeck, Co-Founder and CEO at Foundation (YC S23) said, “As a founder, the last thing I need is to be thinking about all these details. Finding a single trusted source to handle all of them (well + efficiently), so I can focus on our customers & product is so valuable.”

The highly integrated product suite of Every’s AI automates workflows, saving founders money and time while offering a better user experience.

Rexhi Dollaku, General Partner at Base10 Partners said, “We are thrilled to lead this seed funding round and are excited how Every is leveraging AI to reimagine the full back office stack to simplify complex workflows so they are more founder friendly, We look forward to partnering with Every as they continue to save founders hundreds of hours managing Finance and HR.”

About Every

Including banking, cards, bill payments, corporate treasury, bookkeeping, tax, HR, payroll, and benefits all on a single platform, Every is the first all-in-one financial and HR suite.

Every saves founders time by utilising AI to develop 10x better workflows and centralised all of their back office labour. Every has over 75 clients and is funded by Y Combinator and Base10.

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