Fundz

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

PUBLIC · CNLMay 12, 2021

Amount Raised

$20 Million

Round Type

Series A

TorontoOtherFinancial ServicesReal EstateLendingMining

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).

Quick answer

Collective raised $20 Million in a Series A round, dated May 12, 2021. Collective is based in Toronto, Ontario, Canada.

How much did Collective raise?
Collective raised $20 Million in a Series A round on May 12, 2021.
What does Collective do?
A material change report in connection with the participation of Insiders in the Offering will be filed less than 21 days in advance of the closing of the Offering, which the Company deemed reasonable in the..
Where is Collective based and how big is it?
Collective is based in Toronto, Ontario, Canada. Fundz records about 95 employees.
Who are the decision-makers at Collective?
Fundz holds 2 contacts at Collective, including the General Manager. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Real Estate around the same time

Companies in the same sectors as Collective that raised within 45 days of this round, from Fundz verified event records.

  • Velocity Financial raised an undisclosed amount (Funding Round) on May 17, 2021.
  • INFOTOUCH raised $270K (Seed) on June 24, 2021.
  • CIBC raised an undisclosed amount on June 23, 2021.
  • Schelin Uldricks & raised an undisclosed amount (Funding Round) on June 17, 2021.
  • Libsyn raised $25M on June 14, 2021.
  • Hello Alice raised $15M on June 11, 2021.

Who to call at Collective, and when

A new round usually means Collective is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Collective raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Collective, from your own LinkedIn network

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Company Information

Company

Collective

Location

82 RICHMOND ST. E

Toronto, Ontario, Canada

About

A material change report in connection with the participation of Insiders in the Offering will be filed less than 21 days in advance of the closing of the Offering, which the Company deemed reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and complete the Offering in an expeditious manner.

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Fundz sees it the moment Collective raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

2 contacts
Verified contactsLaura C., General Manager hidden hiddenSee plans and pricing
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Collective raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.