About Collective
Collective provides a financial back office for self-employed business owners. It combines software, specialists, and AI-assisted accounting to handle business setup, bookkeeping, payroll, taxes, invoicing, insurance, and support. Its plans serve solo operators, including consultants, coaches, designers, software developers, and creatives.
Collective operates from San Francisco. Hooman Radfar is chief executive officer. He, Ugur Kaner, and Bugra Akcay are founders. Collective secured $100 million in 2026 and acquired Open Ledger that April.
Funding Rounds (SEC Form D)
| First sale | Filed with SEC | Amount sold | Investors | Avg. check | Terms | Filing |
|---|---|---|---|---|---|---|
| May 29, 2025 | Jun 13, 2025amended Nov 6, 2026 | $98,092,887of $115.0M target | 63 | $1.5M | EquityRule 506(b) | Form D/A ↗1 earlier filing |
| May 5, 2021 | May 21, 2021 | $17,096,583of $21.3M target | 5 | $3.4M | EquityRule 506(b) | Form D ↗ |
| Total, two offerings | $115,189,470 | |||||
First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.
Rounds announced by Collective
What the company said publicly about its funding. Announced amounts can differ from Form D figures: an announcement can combine several closings, and some money is raised without a Form D.
| Announced | Round | Amount | Investors | Source |
|---|---|---|---|---|
| Oct 29, 2026 | Financing | $100 million | Collective announcement ↗ | |
| Jul 11, 2023 | Financing | $50 million | Gradient Ventures | Collective announcement ↗ |
Why Investors Backed Collective
Collective sells financial back-office services to self-employed business owners. It combines software, human specialists, and AI-assisted accounting. Financing is supporting further automation across those services.
The problem it targets
Administrative work can pull self-employed operators away from their main business. Collective targets full-time solopreneurs earning more than $60,000 annually. Customer examples include consultants, coaches, designers, software developers, and creatives. The back office covers recurring duties such as bookkeeping, tax estimates, payroll, and business returns.
What the product does
Plans include entity formation or review, an EIN, monthly bookkeeping, financial reports, and quarterly tax estimates. The S Corp plan adds the election, business returns, employer registration, and payroll. Advisors base tax guidance on current bookkeeping. Pricing is $349 monthly or $296 monthly when billed annually, plus a $199 onboarding fee. Government and business-license fees are excluded, and individual returns may cost extra.
Progress so far
Collective serves more than 12,000 solopreneurs and displays more than 600 reviews. Members save over 80 hours a year, and the platform has reconciled $6.5 billion in transactions. S Corp members save $10,000 a year on average. That estimate uses 2023 federal self-employment tax savings; actual results vary. Collective acquired Open Ledger in April 2026.
Who backs it
Collective secured $100 million in October 2026 to automate financial services with AI. It raised $50 million in July 2023. Gradient Ventures, Google’s venture fund, invested in the 2023 round. The 2026 financing followed Collective’s acquisition of Open Ledger earlier that year.
How the market is moving
Press coverage described million-dollar, one-person businesses as booming. Another headline portrayed fintech companies as racing to serve high-revenue one-person businesses. Collective focuses on full-time solopreneurs earning more than $60,000 annually. The coverage and product focus point to greater attention on financially established solo operators.
We wrote this summary from public statements by Collective and its investors. It is not investment advice.
Collective in the News
Leadership Team
Executive officers and directors listed on Collective's Form D filed Nov 6, 2026.
