Collective, a San Francisco, CA-based provider of an online back-office platform for solopreneurs, raised $50M in funding.
The round saw participation from Gradient Ventures, Innovius Capital, The General Partnership, General Catalyst, QED, Expa, and Better Tomorrow Ventures, among others.
The company intends to use the funds to develop additional AI tools, scale its operations, accelerate AI deployment across its operations and onboard the nearly 100K businesses on its waitlist.
Led by CEO Hooman Radfar, Collective is a provider of an online back office platform offering business formation, S-election, payroll, tax, and bookkeeping services for Businesses-of-One, as well as a personal dashboard to manage their finances. Its AI technology and team of advisors take care of everything from business incorporation to accounting, bookkeeping, tax services and access to its community – all in one platform.
The company has expanded nationwide and increased revenue by nearly 10x since its Series A round in 2021. In total, since its launch in 2020, the company has raised $82M.
FinSMEs
11/07/2023