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Collective Raises $20M Series A From General Catalyst, Sound Ventures, Prominent Founders And Existing Investors Expa, Qed And Gradient

May 12, 2021•about 4 years ago

Amount Raised

$20 Million

Round Type

series a

San Francisco

Description

Collective, the first all-in-one back office platform, designed to give self-employed people the technology, team and community they need to focus on their passion, not their paperwork, announced their $20 million in Series A funding. General Catalyst led the round, joined by Sound Ventures. This round brings Collective’s total funding to $28.65 million. Other notable investors: Steve Chen (Founder YouTube), Hamish McKenzie (Founder Substack), Aaron Levie (founder Box), Kevin Lin (founder Twitch), Sam Yam (founder Patreon), Shadiah Sigala (founder HoneyBook), Adrian Aoun (founder Forward), Holly Liu (founder Kabam), Andrew Dudum (founder Hims) and Edward Hartman (founder LegalZoom).

Company Information

Company

Collective

Location

San Francisco, California, United States

About

Collective is the first online back office platform designed for businesses-of-one. Collective’s technology and team of trusted advisors gives their members the freedom to focus on what matters by taking care of everything from business incorporation to accounting, bookkeeping, tax services and access to a thriving community - all-in-one platform. Collective wants running your own business to be as seamless as taking a full-time job. The company is run by a group of serial entrepreneurs and businesses-of-one who believe in empowering self-employed people to enjoy the same tax savings that big companies get. They’re a San Francisco-based startup backed by General Catalyst, QED, Google’s Gradient Ventures, Expa and prominent investors who have financed and built iconic companies like YouTube, Substack, Twitch, Box, Hims, Instacart, Lyft, and more.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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