Factorial, a Barcelona, Spain-based all-in-one business and HR management software for small and medium businesses (SMBs) globally, has secured $80 million in funding.
Investors
The Go-To-Market investment was from General Catalyst’s Customer Value strategy.
General Catalyst is a venture capital firm that makes early-stage and transformational investments. The firm provides early-stage and growth equity investments, backing exceptional entrepreneurs who are building innovative technology companies and market-leading businesses. General Catalyst has offices in San Francisco, Palo Alto, New York City, London, Berlin, and Cambridge.
Factorial Use of Funds
The investment will allow Factorial to accelerate its growth by financing upfront costs associated with acquiring new customers, without burdening its balance sheet or diluting existing shareholders.
About Factorial
Founded in 2016 by Bernat Farrero, Jordi Romero, and Pau Ramon, Factorial is an HR software company dedicated to helping businesses of all sizes realize their full potential by automating their HR processes. The company provides HR solutions that automate and centralize administrative tasks such as time management, talent management, recruitment, expenses, analytics, and document management, among others. As a SaaS business, Factorial typically invests upfront cash to sell its product to new customers and grow the business.
Funding Details
Company: Factorial
Raised: $80.0M
Round: Unknown
Funding Month: April 2024
Lead Investors: General Catalyst
Additional Investors:
Company Website: https://factorialhr.com/
Software Category: HR Software
Source: https://factorialhr.com/blog/factorial-secures-80m-of-go-to-market-investment-from-general-catalyst-to-accelerate-growth/