TNW | Investors-funding
Collective raises $100M to run the finances of one-person businesses
The San Francisco startup uses AI to handle accounting, payroll and taxes for solo business owners.
By TNW | Investors-funding
Excerpt shared by Lazyfounder
·Excerpt
San Francisco startup Collective, which handles the finances of one-person businesses, has raised $100M. The money comes in two parts: a $40M Series B and $60M from General Catalyst’s Customer Value Fund.
General Catalyst, QED Investors and Gradient Ventures led the Series B, with Intuit Ventures, FT Partners and SemperVirens also investing.
The Customer Value Fund works differently from a normal investment: it pays…
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