How Much Did Factorial Raise? Funding & Key Investors

Factorial has successfully raised funding over 7 rounds, with the latest being a Debt Financing round. The company is backed by 13 investors, including General Catalyst as the most recent.

Factorial's platform automates various HR processes such as time tracking, payroll, and recruitment, aiming to streamline business management. Keep reading to explore the intricacies of Factorial's fundraising journey and the investors backing this innovative platform.

What Is Factorial?

Factorial, based in Barcelona, Catalonia, Spain, is a private company specializing in human resource management software. Founded to streamline HR processes, the platform automates tasks such as time tracking, payroll, and recruitment.

With a workforce of 501-1000 employees, Factorial serves over 15,000 businesses globally. The company leverages AI to enhance productivity and reduce administrative burdens, allowing managers to focus on strategic initiatives.

How Much Funding Has Factorial Raised?

1. Angel Round
   • Amount Raised: USD 500,000
   • Date: June 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the development of their HR management platform.
2. Seed Round
   • Amount Raised: USD 3,200,000
   • Date: October 2018
   • Lead Investors: Creandum
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the team and accelerate product development.
3. Series A
   • Amount Raised: USD 16,500,000
   • Date: April 2020
   • Lead Investors: CRV
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enter new markets.
4. Series B
   • Amount Raised: USD 80,000,000
   • Date: September 2021
   • Lead Investors: Tiger Global Management
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance product features and expand globally.
5. Series C
   • Amount Raised: USD 120,000,000
   • Date: October 2022
   • Lead Investors: Atomico
   • Valuation at Round: USD 1 billion
   • Motivation Behind the Round: To expand product offerings, scale operations, and enter new markets.
6. Debt Financing (2024)
   • Amount Raised: USD 81,950,000
   • Date: April 2024
   • Lead Investors: General Catalyst
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing expansion and operational needs.
7. Debt Financing (2025)
   • Amount Raised: USD 120,000,000
   • Date: March 2025
   • Lead Investors: General Catalyst
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further fuel growth and market expansion.

Total Amount Raised: USD 421,150,000. Current Valuation: USD 1 billion.

Key Investors

• General Catalyst
  • Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies. They have a strong track record of supporting innovative startups.
  • Investment Focus Areas: Technology, healthcare, consumer, and financial services.
  • Notable Investments: Airbnb, Stripe, and Snap.
• Atomico
  • Details: Atomico is a venture capital firm that invests in innovative technology companies. They focus on companies with the potential for significant global impact.
  • Investment Focus Areas: Technology, software, and innovative startups.
  • Notable Investments: Klarna, Lilium, and Pipedrive.
• Tiger Global Management
  • Details: Tiger Global Management is an investment firm that focuses on private and public companies in the global Internet, software, consumer, and financial technology industries.
  • Investment Focus Areas: Internet, software, consumer, and financial technology.
  • Notable Investments: Facebook, LinkedIn, and Spotify.
• CRV (Charles River Ventures)
  • Details: CRV is a venture capital firm that invests in early-stage technology companies. They have a long history of successful investments in various tech sectors.
  • Investment Focus Areas: Enterprise software, consumer tech, and biotech.
  • Notable Investments: Twitter, DoorDash, and Zendesk.
• Creandum
  • Details: Creandum is a European venture capital firm that invests in innovative and fast-growing technology companies. They are known for their investments in companies that have the potential to become market leaders.
  • Investment Focus Areas: Technology, software, and digital startups.
  • Notable Investments: Spotify, iZettle, and Klarna.

What's Next for Factorial?

Factorial's future is brimming with opportunities, particularly in expanding its market presence and enhancing its product offerings. With plans to open a new office in Miami and scale operations in existing markets like Brazil, the company is poised to tap into a significant market of over 10 million SMEs in Europe and the Americas. This expansion could potentially double its workforce, indicating substantial growth potential.

Given the successful Series C funding round and the company's impressive growth metrics, future fundraising opportunities seem promising. Factorial may attract further investment to support its aggressive expansion plans and possibly even consider an IPO. However, the company will need to navigate challenges such as competition from other HR software providers and managing rapid growth while maintaining service quality.

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