Thera was founded by Akhil Reddy in 2021.

Who are Thera's investors?

Thera's investors include Eight Capital, FTV Capital, GV (Google Ventures), Punch Capital, Y Combinator, 10x Founders, Amino Capital, Zillionize.

How much funding has Thera raised?

Thera has disclosed $4M raised across 1 of its 2 known rounds.

Where is Thera headquartered?

Thera is headquartered in New York City, US.

Thera

YC S22

New York City, US · Founded 2021 · 15 employees · Hiring · 8 known investors

Find your way into Thera

Paths you didn't know you had: your email and LinkedIn already hold routes to the Thera team. We find them for you
2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone

Days of research, done the moment you sign in, with every route ranked by how warm it is.

Thera is a payroll and payments platform that processes payroll, contractor payments, and business spend while earning rewards points. The platform serves startups, small businesses, and global teams, offering US payroll, international contractor payments in 150+ countries, and employer of record services for hiring across 150+ countries.

Also known as Bloom Financial Corp. · Carbon

AI & Machine Learning Enterprise Software Fintech HR Tech SaaS Artificial Intelligence B2B Payroll CryptocurrencyUnited States of AmericaAmerica / CanadaPartly Remote

Founders & leadership· Y Combinator alumni (S22)

Thera was founded in 2021 by Akhil Reddy.

Akhil Reddy CEOFounder and CEO of Thera, a payroll and payments platform that processes payroll, contractor payments, and business spend for startups and small businesses.

Gaurav PandeySenior Dev

Zac KopelmanVice President of Operations

Ben OrnsteinGrowth Consultant

Fernanda SimõesHead of Growth

Erica DippoldSoftware Engineerformer

Dan Burke

Investors · 8

Eight Capitallisted by Eight CapitalNorwalk

How we know: Y Combinator's founder network · eightcapital.com · Not right? Tell us

FTV Capitallisted by FTV CapitalNew York · $10M – $30M

How we know: FTV Capital's portfolio page · Not right? Tell us

GV (Google Ventures)listed by GV (Google Ventures)Mountain View · $250K – $50M

How we know: GV (Google Ventures)'s portfolio page · Not right? Tell us

Punch Capitallisted by Punch Capital

How we know: Punch Capital's portfolio page · Y Combinator's founder network · Not right? Tell us

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · funding news · open dataset · 5k.vc investor directory · Not right? Tell us

10x FoundersreportedMünchen · $270K – $2.7M

How we know: the VCSheet dataset · Y Combinator's founder network · Not right? Tell us

Amino CapitalreportedPalo Alto · $100K – $10M

How we know: Y Combinator's founder network · Not right? Tell us

ZillionizereportedPalo Alto · $200K

How we know: Y Combinator's founder network · Not right? Tell us

Funding

SEC filings, press & company announcements

$4M disclosed across 1 of 2 rounds · 2024

$4MSeed FundingAug 2024 · 2 sources
Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

Related companies · 10

OysterOyster is an employer of record (EOR) platform that lets companies hire, pay, and manage full-time employees and contractors in over 180 countries without setting up local entities, handling compliant onboarding, contracts, payroll, and benefits. It pairs an automated platform with in-house HR experts and integrates with HRIS, ATS, and accounting systems, serving globally distributed teams.

KarsaKarsa offers business and personal banking services for companies across 50+ countries, providing multi-currency accounts, international payments, and corporate cards with support for ACH, wire transfers, SWIFT, SEPA, and stablecoin transactions.

OnPayOnPay provides online payroll, HR, and benefits management software for small businesses, handling pay runs, tax calculations, deductions, and compliance. It integrates with accounting software, 401(k) plans, and benefits tools to keep business operations in sync.

HapiHapi offers Latin American consumers a mobile platform to buy stocks, ETFs, and cryptocurrencies without account minimums or trading fees, accessible in minutes.

IntuitIntuit develops financial software products—including TurboTax, Credit Karma, QuickBooks, and Mailchimp—for consumers and small businesses to manage taxes, credit, accounting, and marketing. It serves approximately 100 million customers worldwide.

InstinctInstinct is a mobile trading app that gives users access to global financial markets and liquidity.

AYC FundAYC Fund is an AI-driven quantitative trading firm that combines machine-learning research and automated execution to manage private systematic investment programs for qualified clients in digital assets. The firm operates under YC backing and serves institutional investors through dedicated investment vehicles.

DeelDeel is a global HR platform that enables businesses to hire, onboard, and manage employees and contractors across borders. The platform handles payroll, compliance, and HR administration for companies managing international workforces.

DecentDecent provides a crypto trade-routing API that aggregates across 200+ blockchains to execute token swaps and convert any token back to fiat. It offers on- and off-ramp distribution for wallets, marketplaces, exchanges, and apps that move crypto, and is presented in connection with MoonPay Trade.

homebaseHomebase is a management platform for small businesses that includes team messaging, scheduling, shift tracking, onboarding, and payroll features. It serves restaurants, retail, and other hourly-wage businesses with tools for employee communication, scheduling, and performance tracking.

Companies working in the same space as Thera.

Legal entities · 1

corporate structure

Bloom Financial Corp.

In the news

Ex-Amazon engineer’s Thera lands $4M to help process payrolls with ease — TFNtechfundingnews.com · Aug 2024

Thera Raises $4M in Seed Fundingfinsmes.com · Aug 2024

Frequently asked questions

What does Thera do?: Thera is a payroll and payments platform that processes payroll, contractor payments, and business spend while earning rewards points. The platform serves startups, small businesses, and global teams, offering US payroll, international contractor payments in 150+ countries, and employer of record services for hiring across 150+ countries.
Who founded Thera?: Thera was founded by Akhil Reddy in 2021.
Who are Thera's investors?: Thera's investors include Eight Capital, FTV Capital, GV (Google Ventures), Punch Capital, Y Combinator, 10x Founders, Amino Capital, Zillionize.
How much funding has Thera raised?: Thera has disclosed $4M raised across 1 of its 2 known rounds.
Where is Thera headquartered?: Thera is headquartered in New York City, US.