# Everlance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/everlance

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.everlance.com
- Latest round: Seed (Jun 20, 2016)
- Investors on record: 7

## About

Based in the US, Everlance, Inc. specializes in automating mileage and expense tracking for self-employed individuals and businesses using advanced GPS technology to streamline financial management.Everlance, Inc. is a technology firm focused on providing automated mileage and expense tracking solutions. Founded in 2015, the company is headquartered in San Francisco, US. The founders, Alex Marlantes and Gabriel Rodríguez, have prior experience in technology ventures. On February 19, 2025, Everlance was acquired by Motus, LLC, enhancing its service offerings and geographical reach.Everlance offers a comprehensive mileage and expense tracking solution designed to automate the process of logging business miles and associated expenses. The core functionality of the Everlance app utilizes GPS technology to automatically track mileage, allowing users—primarily self-employed individuals and businesses—to categorize their trips as either personal or work-related with a simple swipe. The app also logs expenses through direct integration with users’ credit cards or bank accounts, eliminating the need for manual entry. It generates IRS-compliant mileage logs and expense reports that can be accessed via both mobile and desktop platforms. The service is aimed at self-employed professionals and businesses across various geographical markets, including the United States and Canada, catering to a client base that seeks to maximize tax deductions and streamline financial management.Everlance generates revenue primarily through subscription-based services tailored for both individual users and businesses. Clients can opt for various pricing tiers that offer advanced features such as real-time GPS tracking, automated expense categorization, and access to detailed IRS-compliant reports. The transaction structure typically involves monthly or annual subscriptions, allowing clients to utilize the mileage tracking and expense management features without any need for additional hardware. Revenue is also derived from partnerships with businesses that integrate Everlance into their employee reimbursement programs, enhancing operational efficiency. The app serves as an essential tool for self-employed individuals and small to medium-sized enterprises, promoting effective financial tracking and tax compliance.Following the acquisition by Motus, LLC on February 19, 2025, Everlance plans to strengthen its product and service offerings while expanding its geographic footprint. The latest funding will bolster these initiatives, allowing the company to enhance its technology and enter new markets. Specific plans include the development of new features and tools to further automate and streamline expense tracking for users, with a focus on optimizing user experience and increasing market penetration.

## Funding rounds

- Seed, Jun 20, 2016 — AME Cloud Ventures, Valiant, Bloomberg Beta, Draper, Moderne Ventures, Clocktower Technology Ventures, Financial Solutions Lab

## Investors

- AME Cloud Ventures (https://capitalatlas.ai/funds/ame-cloud-ventures) — Seed
- Valiant (https://capitalatlas.ai/funds/valiant) — Seed
- Bloomberg Beta (https://capitalatlas.ai/funds/bloomberg-beta) — Seed
- Draper (https://capitalatlas.ai/funds/draper) — Seed
- Moderne Ventures (https://capitalatlas.ai/funds/moderne-ventures) — Seed
- Clocktower Technology Ventures (https://capitalatlas.ai/funds/clocktower-technology-ventures) — Seed
- Financial Solutions Lab — Seed