Collective Secures $100 Million In Series B Funding Co-Led By General Catalyst And QED Investors

Collective, an AI-native financial operating system for solo entrepreneurs, raised $100 million in new funding, including a $40 million Series B co-led by General Catalyst, QED Investors, and Gradient Ventures, with participation from Intuit Ventures, FT Partners, and SemperVirens, plus a $60 million growth facility from General Catalyst’s Customer Value Fund. Co-founded and led by CEO Hooman Radfar, the company will use the funding to accelerate customer acquisition and expand product development in banking and insurance. Collective, which provides integrated accounting, bookkeeping, payroll, tax, and insurance services, reported 120% year-over-year ARR growth and estimates it has saved customers $350 million in taxes to date.

FOUNDERS: Hooman Radfar, Ugur Kaner & Bugra Akcay

INVESTORS: General Catalyst, QED Investors, Gradient Ventures, Intuit Ventures, FT Partners & SemperVirens

ROUND: Series B AMOUNT: $100,000,000

HQ: San Francisco, California

#VentureCapital #Collective #HoomanRadfar #GeneralCatalyst #TradedVC