Every Inc., which provides a back-office stack for startups, launched today by announcing it has raised $9.5 million in funding for developing and expanding its platform, enhancing its artificial intelligence capabilities and scaling up its customer base and team.

Founded in 2021 by serial entrepreneur Rajeev Behera, founder and former chief executive of software company Reflektive Inc., Every was inspired by Behera’s experience there, in particular errors he made while setting up the company’s back office. “Founders just want to focus on building,” Behera explains. “They don’t have time to learn complex subjects like payroll, taxes and accounting.”

Back-office tasks such as payroll, taxes and accounting are at the core of what Every is offering, providing startup founders with accountants and payroll specialists for expert guidance. Support provided includes filing state taxes, helping founders choose the best healthcare plan and creating a customized treasury management plan to optimize yield while ensuring 100% of funds are insured.

The company’s platform also leverages AI to automate the most expensive workflows. In one example, Every claims, Bookkeeper AI saves companies money on bookkeeping by categorizing bank transactions using AI, delivering bookkeeping at about half the cost of competitors.

Every’s range of services includes providing bank accounts, corporate cards, bill payments, corporate treasury, human resources, payroll, benefits, accounting and taxes all in one platform, allowing founders to save time and money.

The Seed round was led by Base10 Partners Management LLC, with Y Combinator Management LLC, Formus Capital Partnrs LLC and Rex Salisbury also participating.

The investment by Y Combinator is particularly notable. Although Every has only launched today, it’s already providing back-office stack services to selected Y Combinator startups, including Stellar Sleep and Foundation, both graduates of the startup accelerator’s 2023 cohort. 

“As a founder, the last thing I need is to be thinking about all these details,” noted Foundation co-founder and CEO Luke Groesbeck. “Finding a single trusted source to handle all of them, so I can focus on our customers and product, is so valuable.”

Image: Every