Collective raises $100M for AI financial operating system for solo businesses

Collective describes itself as an AI-native financial operating system for solo businesses and says it is now the largest platform serving them. Of the total, $40 million is Series B equity led by General Catalyst, QED Investors and Gradient Ventures, with Intuit Ventures, FT Partners and SemperVirens also participating. The other $60 million is a growth facility provided through General Catalyst's Customer Value Fund. The company reports annual recurring revenue growing 120% year over year but has not published an absolute ARR figure. It also estimates members have saved $350 million in taxes to date. The announcement cites roughly 32 million solo businesses in the United States generating nearly $2 trillion in annual revenue. For builders in vertical AI, Collective pairs venture equity with a growth facility, a structure that stretches runway without a full priced round. Founders targeting small-business segments can use its disclosed growth rate and member savings as the kind of proof points investors look for.