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Collective, a developer of an AI-native financial operating system for solopreneurs, announced on October 29 that it has raised $100 million in new funding, comprising a $40 million Series B equity round and $60 million in growth financing from General Catalyst's Customer Value Fund. The Series B was led by General Catalyst, QED Investors and Gradient Ventures, with participation from Intuit Ventures, FT Partners and SemperVirens. Collective said its annual recurring revenue grew 120% year over year, and that the platform has cumulatively saved solopreneurs $350 million in taxes. There are currently no subsequent developments.
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AI finance OS startup Collective raises $100 million: $40 million...Developments
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Oct 30
Unite.AI
AI finance OS startup Collective raises $100 million: $40 million...
Collective, the developer of an AI-native financial operating system for solopreneurs, announced on October 29 that it has raised $100 million in new funding, consisting of a $40 million Series B equity round and $60 million in growth financing from General Catalyst's Customer Value Fund. The Series B was led by General Catalyst, QED Investors, and Gradient Ventures, with participation from Intuit Ventures, FT Partners, and SemperVirens. Collective said its annual recurring revenue grew 120% year over year, and the platform has cumulatively saved solopreneurs $350 million in taxes.