Collective, an AI-native financial operating system for solo “Businesses-of-One,” has raised $100 million, made up of a $40 million Series B led by General Catalyst, QED Investors, and Gradient Ventures, with Intuit Ventures, FT Partners, and SemperVirens participating, plus a $60 million growth facility from General Catalyst’s Customer Value Fund for customer acquisition. The platform combines business setup, accounting, invoicing, payroll, taxes, business insurance, health insurance, and support, effectively giving solo owners an office of the CFO, and Collective reports ARR growing 120% year over year and an estimated $350 million in member tax savings. The main objective is to accelerate this fintech AI product, including new banking and insurance offerings, as the US now has about 30 million solo businesses and, as they scale, the back office becomes the bottleneck. Key players include co-founder and CEO Hooman Radfar, who said Collective “scales with intelligence” rather than headcount, and General Catalyst partner Pranav Singhvi, co-head of its Customer Value Fund.

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