What is Factorial?
Established in 2016 and headquartered in Barcelona, Catalonia, Spain, Factorial offers a comprehensive human resources management platform designed to streamline operations for businesses. The company's suite of tools typically covers areas such as payroll, time tracking, employee onboarding, and performance management, aiming to digitize and simplify HR processes. Factorial's market position is characterized by its focus on providing an integrated solution for small to medium-sized enterprises seeking to enhance their HR efficiency and compliance.
How much funding has Factorial raised?
Factorial has raised a total of $300.1M across 6 funding rounds:
Angel/Seed
$593K
Unspecified
$3.3M
Series A
$16.2M
Series B
$80M
Series C
$120M
Other Financing Round
$80M
Angel/Seed (2017): $593K, investors not publicly disclosed
Unspecified (2018): $3.3M led by Point Nine, Creandum, and K Fund
Series A (2020): $16.2M supported by CRV
Series B (2021): $80M featuring Columbia Lake Partners, Crv, Creandum, K Fund, Tiger Global, and Point Nine
Series C (2022): $120M backed by Atomico, Tiger Global Management, and GIC
Other Financing Round (2024): $80M with participation from General Catalyst
Key Investors in Factorial
General Catalyst
General Catalyst operates as a venture capital firm focused on identifying and supporting transformational business opportunities across multiple sectors and stages. The firm deploys capital strategically to back entrepreneurs and management teams pursuing ambitious visions that reshape their respective industries.
Atomico
Atomico is a European Venture Capital firm headquartered in London, with offices in Paris, Berlin and Stockholm. Its founder and CEO is Niklas Zennström, a serial entrepreneur who co-founded Skype and Kazaa.
Tiger Global Management
Tiger Global Management is an investment firm deploying capital in both public and private markets. The company was founded in 2001 and is headquartered in New York City, New York.
What's next for Factorial?
The substantial enterprise-level funding and recent strategic investment signal a period of accelerated expansion for Factorial. With a clear growth trajectory evident from its funding history, the company is well-positioned to enhance its product offerings, scale its operations globally, and potentially explore strategic acquisitions. The ongoing backing from prominent investors suggests confidence in Factorial's business model and its capacity to capture a larger share of the burgeoning HR technology market. Future developments are likely to focus on further innovation in HR analytics, AI-driven insights, and expanding its service ecosystem to meet evolving business needs.
See full Factorial company page
