Series B and growth facility · Fintech
Collective announces $100m package: $40m Series B and $60m growth facility
General Catalyst, QED Investors and Gradient Ventures lead the equity round, alongside a separate customer-acquisition facility.
Collective announced $100 million in financing on October 29. The package combines a $40 million Series B led by General Catalyst, QED Investors and Gradient Ventures with a separate $60 million growth facility from General Catalyst’s Customer Value Fund (CVF).
Intuit Ventures, FT Partners and SemperVirens also participated in the Series B. The growth facility will fund customer acquisition, while the company also plans further development of banking and insurance products for solo business owners.
Use of funds
Develop banking and insurance products
Fund customer acquisition with the growth facility
Funding history
Series B and growth facility · This round$100M