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Every.io has secured $22.5M in Series A funding to enhance its all-in-one back office solution for startups, streamlining tasks like payroll, HR, and finance. The platform automates critical administrative processes, allowing founders to focus on growing their businesses. With plans to introduce a free incorporation feature, Every aims to simplify startup operations from day one.
The Struggles Startups Face with Back Office Operations
Startups often face overwhelming challenges when managing essential but tedious back office operations like finance, payroll, and HR. For many founders, especially first-timers, these tasks become major distractions from key growth activities, such as product development and customer acquisition. Instead of concentrating on scaling their businesses, many are forced to spend significant time ensuring that payroll runs smoothly, taxes are filed correctly, and compliance obligations are met. These burdens often take up a substantial part of their day, eating into productivity and stunting growth.
Adding to the problem is that many startup founders have little to no experience in HR or finance. This lack of expertise makes it difficult for them to set up and manage essential systems without dedicated help. Yet, hiring a full team for back office functions can be expensive and impractical for early-stage businesses. Traditional platforms, designed for larger enterprises, are often overkill and fail to address the specific needs of growing startups, leading to inefficiency and frustration.
Introducing Every: A Game-Changer for Startup Founders
Every.io, founded by Rajeev Behera, was created to solve these problems by providing an all-in-one back office solution specifically for startups. Born out of Behera’s own experience with the stresses of managing HR and finance while scaling his previous venture-backed company, Every is designed to streamline these tasks, freeing founders to focus on what truly matters: growing their businesses.
The platform offers a comprehensive suite of services, integrating critical functions such as:
- Payroll and HR management
- Bookkeeping and tax compliance
- Cash management and treasury services
- Expense tracking and bill payments
By automating these operations, Every eliminates the need for multiple, disconnected tools, allowing startups to manage everything from a single dashboard. This reduces the time spent on administrative tasks, lowers the risk of errors, and improves overall operational efficiency.
$22.5M Series A Funding: What It Means for Every’s Future
Every recently secured $22.5M in Series A funding, led by Redpoint Ventures, with participation from other major players like Y Combinator, Okta Ventures, and Base10 Partners. This influx of capital marks a significant milestone for the company, enabling it to further develop its platform and expand its suite of products.
A key focus of this funding will be launching the first free incorporation solution on the market. This new feature allows startup founders to set up a corporate entity and back office functions seamlessly, completing the process with just a few clicks. By removing the barriers associated with company formation and early-stage operations, Every aims to make it easier for entrepreneurs to get their businesses off the ground quickly and efficiently.
The additional funding will also support the enhancement of Every’s existing tools, making them even more powerful and user-friendly for startups. With plans to roll out more integrations and features tailored specifically for growing companies, Every is positioning itself as the go-to solution for founders who want to streamline their back office operations without the hassle.
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How Every Helps Founders Focus on What Truly Matters
Every’s platform is designed with one goal in mind: to free founders from the burden of back office management so they can concentrate on core business activities. By automating time-consuming processes like payroll, tax filings, and expense tracking, Every significantly reduces the amount of administrative work that founders must handle personally.
Key benefits for founders include:
- Saving time on HR, payroll, and compliance tasks
- Automating cash management and expense tracking
- Gaining access to real-time financial data and insights
- Staying compliant with tax and legal regulations effortlessly
- Earning cashback on company spending through integrated card services
These tools are particularly valuable for early-stage startups, where every hour counts. Founders can reallocate time and resources to activities that directly impact growth, such as refining their products, acquiring customers, and securing funding.
Why Investors Are Betting Big on Every
The recent funding round, led by Redpoint Ventures, is a testament to the confidence investors have in Every’s vision and market potential. Every’s unique approach to simplifying back office management has struck a chord with investors who see a large opportunity in the growing number of startups seeking tailored solutions for their operational needs.
Redpoint’s Managing Director, Alex Bard, emphasized the importance of Every’s integrated platform, which combines HR, finance, payroll, and compliance under one roof. This holistic approach reduces the complexity of managing back office operations, making it easier for startups to focus on growth. Other investors, including Base10 Partners and Y Combinator, share similar enthusiasm for Every’s ability to streamline these critical tasks and eliminate the “shadow work” that founders often face.
This growing support highlights the demand for startup-centric back office solutions that are both comprehensive and easy to use. With its investor backing, Every is well-positioned to capture a significant share of this market, providing founders with a more efficient and stress-free way to manage their businesses.
Empowering the Next Generation of Entrepreneurs
Every’s mission goes beyond solving back office problems—it’s about empowering entrepreneurs to focus on what matters most. By simplifying and automating administrative tasks, Every not only helps founders avoid operational headaches but also contributes to their long-term success. With an all-in-one platform designed specifically for startups, Every enables founders to work smarter, not harder.
As the platform continues to grow and evolve, it is likely to play an increasingly vital role in supporting the startup ecosystem. Every’s commitment to reducing the complexity of back office management allows founders to focus their energy on innovation and growth, positioning them for greater success in the long run.
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