Self-employed back-office startup Collective closes $8.65m in funding

Collective, an online back-office platform aimed at the self-employed, has scored $8.65m in a funding round led by General Catalyst and QED Investors.

Google’s Gradient Ventures and Expa, also joined the round, as well as several angel investors, including Expa and Uber founder Mike Garrett Camp, Fundera founder and CEO Jared Hecht, Convoy founder and CEO Dan Lewis, SV Angel co-founder Topher Conway and others.

With the capital infusion, the company will bring its product to market, develop new technologies and products, and build out additional community features.

Collective gives businesses a single platform for accounting, bookkeeping and tax services. Clients have access to a dashboard that combines banking information and access to third-party software.

Collective founder and CEO Hooman Radfar said, “Today, freelancers, consultants and other solopreneurs are banding together in bespoke collectives to pool resources, knowledge, and tools they need to succeed. It’s scary being on your own — we know the feeling.

“Our vision is to become the first and last collective that businesses-of-one need to join — a trusted partner empowering them with a solution that is tailored to their unique needs, saving them time and money, while connecting them to a community of other members.”

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