Factorial is now the newest European unicorn after closing a Series C investment round of $120 million with a valuation of $1 billion.
At Factorial, we are changing human resources and creating a present in which people come first. Our commitment to growing in Spain and strengthening our other markets in Europe and America is sturdier than ever.
Putting the focus on people
“Human resources has experienced a shift: it has gone from being focused solely on work to empowering and caring about the people who work in the company. By achieving this, you obtain a key strength for SMBs: a close-knit, people-focused culture that a lot of people are after.”
Jordi Romero, CEO of Factorial
The mission has always been clear: to automate HR processes and centralize them within one tool. Why? Because small and medium-sized businesses had broken talent and people management models and just needed to save time and money.
How? By devoting time and resources to take manual processes to intuitive, attainable ones. With Factorial, small and medium-sized businesses have what they need to stand out. They can develop their competitive edge while simultaneously optimizing HR processes and saving time.
From 70 to 7,000 clients
In just three years, we have grown 200%. We went from 70 clients to 7,000 throughout nine markets worldwide. Factorial started in Spain. Now, we have clients in France, Italy, Portugal, The United States, Latin America, and much more.
We are the fastest-growing company in our industry, and this is just the beginning!
None of this would be possible without our team. There are now over 800 people working every day to make this revolution a reality.
Nevertheless, we’re still growing! This new funding allows us to strengthen our markets and enhance our abilities. With this purpose in mind, we want to continue resolving people management problems. Most importantly, we want to make human resources even more human.
About this new round
This round has been led by Atomico, with the participation of GIC and all of our previous investors, including Tiger Global, CRV, K-Fund, and Creandum. Additionally, Atomico partner Luca Eisenstecken joins our board as a part of the investment.
The $120 million round is the fifth investment round that Factorial has received. Following the first round for 500,000 euros, the second round for 2.8 million euros, the third round for 15 million euros, and fourth round for 67 million euros.