Everee, a Salt Lake City, UT-based intelligent payroll platform for small and medium sized businesses, closed a Series A financing round of $10M.
The round was co-led by Origin Ventures and Signal Peak Ventures. In conjunction with the funding, Brent Hill, Managing Partner at Origin Ventures, and Ben Dahl, Managing Director of Signal Peak Ventures, joined Everee’s board of directors.
The company intends to use the funds to accelerate growth to support hiring, advance product development and expand its sales and marketing efforts.
Led by CEO Brett Barlow, Everee is a payroll platform that provides an embedded timeclock, mobile app, automated payroll runs and simplified manager verifications. Its Pay Your Way feature allows employees to choose to consistently get paid daily or weekly. The system also offers Pay On Demand, which allows employees to draw on all of their earned pay when they need it, at no additional cost to them.