What is Collective?
Collective operates as a comprehensive 'back office' platform designed to streamline operations for freelancers. Headquartered in San Francisco, CA, the company aims to provide a unified solution for administrative, financial, and operational tasks, enabling freelancers to focus more on their core services. This strategic positioning in the rapidly growing gig economy underscores the company's relevance and the demand for its specialized services.
How much funding has Collective raised?
Collective has raised a total of $201.6M across 8 funding rounds:
Other Financing Round
$2.5M
Series B
$20M
Series C
$50M
Private Equity
$16.4M
Private Equity
$34M
Angel/Seed
$8.7M
Series A
$20M
Other Financing Round
$50M
Other Financing Round (2007): $2.5M with participation from Inovia and Greycroft Partners
Series B (2009): $20M led by Inovia and Accel Partners
Series C (2013): $50M supported by CAN Capital, Inovia, Comerica, Cox Media Group, Samsung Ventures, and Accel Partners
Private Equity (2013): $16.4M, investors not publicly disclosed
Private Equity (2016): $34M backed by Inovia, Columbia Partners, Accel Partners, and Greycroft Partners
Angel/Seed (2020): $8.7M with participation from QED Investors, Garrett Camp, General Catalyst, Gradient Ventures, and Expa
Series A (2021): $20M led by Shadiah Sigala, Hamish McKenzie, Andrew Dudum, Sound Ventures, Holly Liu, Edward Hartman, Li Jin, Steve Chen, General Catalyst, Aaron Levie, Kevin Lin, Sam Yam, and Adrian Aoun
Other Financing Round (2023): $50M supported by Gradient Ventures and General Catalyst
Key Investors in Collective
Inovia
iNovia Capital is a full-stack venture firm founded in 2007, partnering with founders to build enduring global technology companies. They are known for their focus on investing in people first.
Columbia Partners
Columbia Partners, L.L.C. Investment Management, based in the Washington DC area, previously dedicated itself to exceptional investment management services. As of March 31, 2019, the firm no longer manages client assets.
Accel Partners
Accel is a prominent venture capital firm that invests in companies across various stages, known for its support in scaling technology businesses.
What's next for Collective?
The substantial enterprise-level funding and recent strategic investment indicate that Collective is poised for significant scaling and expansion. This capital infusion will likely be directed towards enhancing its platform capabilities, expanding its market reach, and potentially exploring new service verticals to further support the freelance workforce. The company's trajectory suggests a focus on solidifying its market leadership and driving innovation within the freelancer support ecosystem.
See full Collective company page
