Every.io has raised $22.5 million in a Series A funding round, backed by Y Combinator and Redpoint Ventures in September 2024
By Nileena Sunil
Technology startup accelerator and venture capital firm Y Combinator announced in a LinkedIn post that Every.io, a financial services company, is launching the first 100% free lawyer-quality incorporation product for startups.
Every.io has raised $22.5 million in a Series A funding round, backed by Y Combinator and Redpoint Ventures in September 2024. They have already collaborated with over 50 YC and Antler startups during their beta, and are now ready for public release of the incorporation product.
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This product enables founders to create a C Corporation, free of charges. They are set up with a Delaware C Corporation, the entity type required to be able to receive venture investments. It also helps build legal documents for tech startups, and generate 83b’s to avail of tax benefits.
Other services provided include guidelines for founder vesting in order to structure stock to maximize returns, setting up of bank account, payroll and HR, accounting and taxes, and more—thus, streamlining your back office.
Every also offers deals which allow you to unlock a $3,000 bonus if you raise $500,000 or more, plus 3% cashback on all corporate card spend, once you incorporate your startup with Every.
Every.io’s founder Rajiv Behera was inspired to launch this product, by his experience of having incorrectly incorporated his last startup Reflektive using an online incorporation service. This cost him thousands of dollars, and led him to create this product. This product is a cost-effective way of incorporation; however, they promise high quality.
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According to Behera, what Every promises is lawyer-quality incorporation for free in under a week. “We also handle your entire back-office setup (banking*, payroll, accounting, and taxes) in under two hours, saving you 20+ hours on average so you can focus on building your product,” he shared in a post on the Y Combinator website.