Collective Raises $40M Series B, $60M Facility for Solopreneur Finance

San Francisco-based Collective, which builds an AI-native financial operating system for what it calls "Businesses-of-One," has announced $100 million in new funding. The package combines a $40 million Series B, co-led by General Catalyst, QED Investors and Gradient Ventures, with a $60 million growth facility from General Catalyst's Customer Value Fund (CVF).

Intuit Ventures, FT Partners and SemperVirens also joined the Series B. Collective, legally Collective Hub, Inc., counts Expa, Sound Ventures, The General Partnership and Better Tomorrow Ventures among its backers, along with angels including Nikesh Arora, Ashton Kutcher, Elad Gil, Dylan Field, Garrett Camp and Aaron Levie. The company did not disclose a valuation.

How the $100 Million Breaks Down

Only the $40 million Series B is equity. The CVF facility is earmarked for customer acquisition, and Collective says part of the new capital will also go toward product development in banking and insurance. TNW reported that the CVF money is repaid from the revenue generated by the customers it helps acquire, and that Collective's earlier rounds included a $20 million Series A led by General Catalyst in 2021 and $50 million in 2023.

"With CVF, we look for companies with high-quality unit economics and a large market opportunity," said Pranav Singhvi, partner and co-head of CVF at General Catalyst.

One Membership for the Solo Back Office

Collective bundles business setup, accounting, invoicing, payroll, taxes, business insurance, health insurance and support into a single membership aimed at self-employed professionals. According to Tech Funding News, the company acquired AI accounting startup Open Ledger in April 2026 and launched an insurance hub in July with Coverdash and Solo Health.

"Traditional accounting firms scale by adding people. Collective scales with intelligence," said Hooman Radfar, Collective's co-founder and CEO.

The company reports annual recurring revenue growing 120% year over year. It estimates members have saved $350 million in taxes to date, with its highest-income owners saving up to $40,000 a year, a figure Collective bases on average 2023 federal self-employment tax savings for its S Corp members. Its support operation resolves half of requests autonomously and holds a 4.5-star satisfaction rating, and Collective says members save an average of 80 hours a year.

In a companion post, Radfar said the funding will extend the platform to businesses with employees, add more AI automation across accounting, taxes, payroll and support, and launch new services.

Why It Matters

Radfar puts the U.S. solo-business market at roughly 32 million companies generating nearly $2 trillion in annual revenue, with their numbers growing more than 5% in 2024. That is a large, fragmented customer base that has historically stitched together separate tools and freelance accountants for taxes, payroll and coverage.

The structure of the raise is the tell. By splitting the round between equity and a facility tied to customer acquisition, Collective is betting that its unit economics are predictable enough to fund growth marketing without selling more of the company. If the bundled membership keeps compounding, banking and insurance become the next layers of a financial stack built for companies of one.

Source

Collective — Collective Raises $100M for Full Stack AI Financial OS Powering the Solopreneur Revolution