Collective, a financial management platform for freelancers, raises $50M

Collective, a platform and advisory team that provides bookkeeping, payroll and tax advice to freelancers, today announced it raised $50 million in a funding round led by Gradient Ventures, Innovius Capital, The General Partnership, General Catalyst, QED, Expa and Better Tomorrow Ventures.
The tranche brings Collective’s total raised to $82 million. It’ll be put toward investments in product development and scaling the company’s operations, co-founder and CEO Hooman Radfar says, growing Collective’s 200-employee headcount by about 30% by next June.
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