# Every

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/every-3

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.every.io/
- Total disclosed funding: $32M
- Latest round: Series A (Feb 15, 2024)
- Investors on record: 5

## About

Based in California, US, and co-founded by Rajeev Behera (CEO) and Barry Peterson (CTO) in 2021, Every, Inc. also known as Every.io operates as a financial services company. Some of the firm’s clients include outset.ai, Cleancard, Martin, ten lives, Stellar Sleep, etc. In September 2024, Every, Inc. raised USD 22.5 million in series A funding led by Redpoint Ventures with participation from Base10 Partners, Formus Capital, Okta Ventures, and Y Combinator.

The company offers artificial intelligence (AI) back-office management solutions such as banking, payroll, real-time bookkeeping enabled by AI, and tax services. Every.io acts as a partner for founders and entrepreneurs to set up payroll and bookkeeping with minimal effort. Every.io offers 3 main products including Banking and Treasury infrastructure to safeguard clients’ money of up to USD 2.5 million FDIC Insurance on Thread Bank deposits and an additional USD 5 million FDIC Insurance with additional features like spending account, money market, and US treasury. The other 2 products of the company are Bookkeeping and Tax that assists in federal and state tax, R&D tax credit, and 1099s, and Payroll and HR which assists in US payroll, contractor payroll, employee onboarding, and benefits like health, dental, vision, 401k, etc.

Every.io generates revenue by offering its finTech platform under different subscription plans such as Bookkeeping & Tax starting at USD 150 per month, HR, Payroll & Benefits free for 3 users then at USD 25 per user per month, etc.

The company plans to utilize the November 2023 funding to support the expansion of its business and operations

## Funding rounds

- Series A, Feb 15, 2024, $23M — Redpoint Ventures, Y Combinator, Base10 Partners, Okta Ventures, Formus Capital
- Seed, Nov 16, 2023, $9.5M — Y Combinator, Base10 Partners, Formus Capital

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- Base10 Partners (https://capitalatlas.ai/funds/base10-partners) — Seed, Series A
- Formus Capital (https://capitalatlas.ai/funds/formus-capital) — Seed, Series A
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series A
- Okta Ventures (https://capitalatlas.ai/funds/okta-ventures) — Series A