What is Factorial?
Factorial operates as a comprehensive human resources management platform designed to streamline and automate various HR processes for businesses. The platform typically offers features such as employee onboarding, payroll management, time tracking, performance reviews, and document management. By centralizing HR functions, Factorial aims to enhance operational efficiency, improve employee experience, and ensure compliance for its clients. The company's focus on providing an integrated solution positions it as a key player in the digital transformation of HR departments, catering to a growing demand for agile and scalable HR technology.
How much funding has Factorial raised?
Factorial has raised a total of $450.1M across 7 funding rounds:
Angel/Seed
$593K
Unspecified
$3.3M
Series A
$16.2M
Series B
$80M
Series C
$120M
Other Financing Round
$80M
Series D
$150M
Angel/Seed (2017): $593K, investors not publicly disclosed
Unspecified (2018): $3.3M led by Creandum, K Fund, and Point Nine
Series A (2020): $16.2M supported by CRV
Series B (2021): $80M featuring Crv, Columbia Lake Partners, Point Nine, Tiger Global, Creandum, and K Fund
Series C (2022): $120M backed by GIC, Tiger Global Management, and Atomico
Other Financing Round (2024): $80M with participation from General Catalyst
Series D (2026): $150M led by General Catalyst and Atomico
Key Investors in Factorial
General Catalyst
General Catalyst is a venture capital firm focused on identifying and supporting transformational business opportunities across multiple sectors and stages. They partner with entrepreneurs to accelerate growth and build enduring enterprises.
Atomico
Atomico is a European Venture Capital firm headquartered in London, with offices in Paris, Berlin and Stockholm, founded by Niklas Zennström, co-founder of Skype.
Crv
CRV is a venture capital firm that invests in early-stage tech startups, known for its long-term commitment to founders from founding to IPO.
What's next for Factorial?
The recent major strategic investment signals Factorial's readiness for its next phase of growth, likely involving market expansion, product innovation, and potential acquisitions. With a substantial total funding amount secured over multiple rounds, the company is well-positioned to scale its operations, enhance its platform's capabilities, and solidify its market leadership. Future developments may include deeper integration with other business systems, the introduction of advanced AI-driven HR analytics, and a continued focus on user experience to support a growing global client base. This strategic financing is expected to accelerate Factorial's mission to revolutionize HR management through technology.
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