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Collective raises $100M, including a $40M Series B, led by General Catalyst, to enhance AI-driven tax and payroll solutions for solo businesses.

PUBLIC · CNLOct 29, 2026

Amount Raised

$100 Million

Round Type

Series B

TorontoOtherFinancial ServicesReal EstateLendingMining

Investors

SemperVirensFT PartnersIntuit VenturesGradient VenturesQED InvestorsGeneral Catalyst

Description

Collective has secured $100 million in funding, including a $40M Series B and $60M from General Catalyst's Customer Value Fund. This capital will be used to accelerate product development in banking and insurance. The funding aims to help solo entrepreneurs streamline their business operations. Collective serves almost 30 million nonemployer businesses in the US.

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
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

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 FundzWatch™ for automated website change detection, 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.