Every.io, a startup streamlining back-office tasks, recently secured $9.5 million in initial funding as it emerged from stealth mode. The funding, led by Base10 and including contributions from Y Combinator, Formus Capital, and Cambrian Ventures led by Rex Salisbury, will fuel the company's expansion.
The platform offered by Every.io consolidates services such as bank accounts, corporate cards, bill payments, HR, and payroll, simplifying these tasks for startup founders.
Having achieved $1 million in annual revenue within six months and acquiring 75 customers since its successful launch in YC's S23 batch, Every.io plans to leverage the funds for operational growth.
Founded by serial entrepreneur Rajeev Behera, who previously raised $100 million for his HR B2B SaaS venture, Reflektive, scaling it to 250 employees, Every.io distinguishes itself as the premier all-in-one finance and HR suite. Behera's track record includes successfully leading Reflektive to become a prominent player in the industry.
This marks a strategic move for Every.io, building on Behera's expertise to create an integrated solution for startup back-office needs, emphasising efficiency and ease of use.