Factorial Revenue, Valuation, Funding & Investors

Factorial is valued at $2.5B as of June 2026.

Last Factorial valuation

$2.5B

Series D · Jun 2026

Last Factorial funding round

$150M

Series D · Jun 2026

Factorial revenue

$100M

Series C · Oct 2022

Key investors in Factorial

  • Creandum
  • K Fund
  • CRV
  • Point Nine
  • Atomico
  • General Catalyst

Factorial Overview

About Factorial

Factorial is a human resources management platform automating processes for companies of all sizes. Barcelona-headquartered and serving over 7,000 organizations across Europe and Latin America, it streamlines holiday tracking, payroll processing, document storage, and employee benefits administration. The software provides centralized data visibility, compliance tools, and performance insights to enhance HR efficiency.


Founded

2016

HQ

SpainBarcelona

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$100M (Oct 2022)

Valuation

$2.5B (Jun 2026)

Factorial Valuation

Factorial is currently valued at $2.5B, based on its Series D in June 2026.

The $150M round was led by General Catalyst, with participation from Four Rivers and Atomico.

Factorial's valuation has grown 5.0x from $500M at its Series B in September 2021 to $2.5B in June 2026, across 3 priced rounds.

Factorial valuation by funding round

Revenue multiple
Factorial valuation by funding round
DateStageValuationRevenue Multiple
Jun 2026Series D$2.5B-
Oct 2022Series C$1B10.0x
Sep 2021Series B$500M5.0x

Factorial Revenue

Factorial's latest recorded revenue is $100M, as of its Series C in October 2022. At a $1B valuation, that implies a 10.0x revenue multiple.

Revenue moved from $100M in September 2021 to $100M in October 2022, while the revenue multiple moved from 5.0x to 10.0x.

Factorial revenue by funding round

Factorial revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Oct 2022$100M$1B10.0xSeries C
Sep 2021$100M$500M5.0xSeries B

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Factorial Funding History

Factorial has raised a total of $370M across 6 funding rounds.

Factorial's first fundraising round was a $600K angel round in June 2017. The most recent completed round was a $150M Series D in June 2026.

Factorial funding rounds

Factorial funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2026Series DGeneral Catalyst (lead); Four Rivers; Atomico$150M$2.5BGeneral Catalyst led Factorial’s June 3, 2026 Series D with a $150 million equity round at a $2.5 billion valuation, and Atomico and Four Rivers Company also participated. General Catalyst also committed up to an additional $540 million through its Customer Value Fund, taking total available capital to more than $700 million. The financing was presented as support for Factorial’s shift from HR software into an AI-powered workforce platform and its expansion ambitions. Factorial is described as a Spanish software company and one of Europe’s most valuable AI scaleups after the round.
Oct 2022Series CAtomico (lead); Creandum; GIC; K Fund; Endeavor Catalyst; CRV; Bossa Invest$120M$1BFactorial is a Barcelona-based HR software platform providing enterprise-quality tools for SMBs, including HR management, payroll, and upcoming features like expense cards. It serves over 7,000 customers across nine markets including Spain, France, Italy, Portugal, the US, and Latin America, with clients such as divisions of Booking.com and Freshly. The company achieved unicorn status in October 2022 with a $120 million all-equity Series C round led by Atomico, participated in by GIC, Tiger Global, CRV, K Fund, and Creandum, doubling its prior valuation to $1 billion post-money. The funding supports product development, acquisitions, geographical expansion into Latino markets with potential for 10 million customers, and team growth beyond 800 employees. Factorial reported over 200% annual growth since 2019, sustained through the COVID-19 period, with massive customer retention as noted by Atomico. This round marked one of Europe's largest at the time and Spain's biggest. Previous rounds included a Tiger Global-led $80 million Series B in 2021, CRV-led $16.5 million Series A in 2020, Creandum-led $3.2 million seed in 2018, and earlier smaller rounds totaling prior raises to about $67 million. Atomico partner Luca Eisenstecken joined the board. Later developments include talks for a $200M raise at $2B valuation after reported $100M ARR in 2024.
Sep 2021Series BTiger Global (lead); Creandum; K Fund; Point Nine; CRV; Columbia Lake Partners$80M$500MFactorial is a Barcelona-based HR software company providing an all-in-one platform for SMBs to automate and streamline people management processes including recruiting, onboarding, absence management, time tracking, and payroll, reducing up to 60 hours of repetitive administrative work per month. The company serves customers across 65 countries with an average of 100 employees per customer, experiencing rapid growth with over 75,000 customers by September 2021. It positions itself as the Workday for SMBs in fragmented markets, particularly in Europe and Latin America. In September 2021, Factorial closed an $80 million Series B funding round led by Tiger Global Management, with participation from existing investors CRV, Creandum, Point Nine, K Fund, and Columbia Lake Partners, bringing total funding to $100 million. The post-money valuation was approximately $500 million, doubling to $1 billion in the subsequent October 2022 Series C led by Atomico. Funds from the Series B were allocated to product development, team expansion, and international market growth, especially deeper into Latin America. Factorial demonstrated strong traction prior to the round, with huge growth in the prior 18 months and investor diligence highlighting customer delight and a world-class team. Investors like Tiger Global emphasized the large HR software market opportunity in Europe.
Apr 2020Series ACRV (lead); Creandum; K Fund; Point Nine$16M-Factorial, a Spain-based HR automation platform founded in 2016, raised $16 million in its Series A funding round led by Silicon Valley venture capital firm CRV in April 2020. The round also included participation from European investors Creandum, Point Nine, and K Fund, representing the largest startup funding round in Spain for 2020. The company provided HR and payroll solutions designed for small and medium-sized businesses, with a platform architecture supporting multi-country operations. At the time of the Series A round, Factorial had approximately 70 employees and was expanding internationally. The company did not disclose its post-money valuation for this Series A round, though it subsequently raised an $80 million Series B at a $530 million valuation in September 2021, followed by a $120 million Series C at $1 billion valuation in October 2022.
Oct 2018SeedCreandum (lead); Itnig; K Fund; Point Nine$3M-Factorial, a Barcelona-based HR software startup founded in 2016, raised €2.8 million (approximately $3.2 million) in a seed round in October 2018 from Creandum, Point Nine Capital, K Fund, and itnig. The funding followed a €500,000 pre-seed round from local Barcelona entrepreneurs. The company provides a cloud-based platform for SMEs, automating payroll, employee contracts, time tracking, absences, vacations, and benefits management through a freemium model, serving over 20,000 companies in Spain at the time. Factorial earns revenue from benefit suppliers integrated into its platform. The new capital was intended to expand the team, accelerate product development, strengthen its position in Spain and Europe, and scale operations into other markets.
Jun 2017AngelPere Valles$600K--

Who has invested in Factorial?

14 investors have backed Factorial across its funding rounds, including Creandum, K Fund, CRV, Point Nine, Atomico and General Catalyst.

Lead investors include General Catalyst, Atomico, Tiger Global, CRV and Creandum.


Factorial Investors

Investors in Factorial by funding rounds participated
InvestorHQRoundsRoleFirst check
CreandumSwedenStockholm4LeadOct 2018
K FundSpainMadrid4ParticipantOct 2018
Point NineGermanyBerlin3ParticipantOct 2018
CRVUnited StatesUnited States3LeadApr 2020
AtomicoUnited KingdomLondon2LeadOct 2022
ItnigSpainBarcelona1ParticipantOct 2018
General CatalystUnited StatesSan Francisco, CA1LeadJun 2026
Pere VallesSpainBarcelona1ParticipantJun 2017
Four RiversMyanmarYangon1ParticipantJun 2026
GICSingaporeSingapore1ParticipantOct 2022
Endeavor CatalystUnited StatesNew York City, NY1ParticipantOct 2022
Tiger GlobalUnited StatesNew York City, NY1LeadSep 2021

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Acquisitions by Factorial

Factorial has acquired 3 companies to date.

Last acquisition by Factorial was on September 2nd 2026. Factorial acquired Empion for undisclosed valuation.


Latest Acquisitions by Factorial

Empion
YepCode
Fuell
Description
Empion is a Berlin-based recruiting platform that leverages artificial intelligence to match candidates with companies based on values, skills, and personality traits. The service automates headhunting through a data-driven robo-advisor that analyzes behavioral parameters for precise talent-company alignments. Empion powers hiring for HR tech clients across Europe, integrating with applicant tracking systems. Recognized at TechCrunch Disrupt Startup Battlefield and Forbes 30 Under 30 Europe in technology, the platform streamlines mass recruitment processes for enterprises seeking cultural fit.
YepCode is a developer platform for building and scaling integrations, automations, and AI workflows. The firm supplies serverless execution inside a secure sandbox along with direct links to APIs, databases, and cloud services. YepCode removes routine DevOps tasks so teams can move projects into production while meeting enterprise security and compliance standards.
Fuell is an expense management platform for small and medium enterprises based in India. It automates receipt tracking, reimbursements, and compliance reporting, integrating with accounting tools like QuickBooks and Xero.
HQ CountryGermanySpainSpain
HQ City
Berlin
A Coruña
Madrid
Deal Date2 Sep 202613 May 20263 Oct 2023
Valuationundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by Factorial

Factorial has invested in 3 companies to date.

Latest investment by Factorial was on April 16th 2025. Factorial invested in Graze in their $1M Pre-seed round.


Latest Investments by Factorial

Graze
Adaptive ML
Hackless
Description
Graze is a platform for Bluesky users to build custom algorithmic feeds filtering posts by topics, communities, or personal interests. Launched in 2024, it supports hobby-specific streams like indie games or urban cycling alongside group feeds for private circles. Available as a web app, it processes millions of posts to deliver tailored timelines without altering core Bluesky functionality.
Adaptive ML is a machine learning company developing scalable methods to enhance reinforcement learning from human feedback for aligning large language models. Its tools address computational inefficiencies in RLHF training pipelines used by models like GPT series. The firm publishes open-source libraries and research papers on preference optimization techniques. Headquartered in the San Francisco Bay Area, Adaptive ML collaborates with AI labs on projects targeting safer AI deployment.
Hackless is a blockchain security platform offering Wallet Rescue for recovering lost crypto assets and Sentinel for real-time threat monitoring. It deploys AI-driven audits to detect vulnerabilities in smart contracts and wallets. Operating globally, Hackless protects users across Ethereum and Solana networks.
HQ CountryUnited StatesFranceUkraine
HQ City
Portland, OR
Paris
Kyiv
Deal Date16 Apr 202511 Mar 202412 Dec 2023
RoundPre-seedSeries APre-seed
Raised$1M$20M$1M
InvestorsSalesforce Ventures; Betaworks; Apertu Capital; SKYSEED; Peter WangICONIQ Capital; Index Ventures; Tri Dao; Financiere Saint James; Xavier Niel; Databricks Ventures; IRIS; Dylan Patel; Factorial Capital; Olivier Pomel; Motier VenturesCosima Capital; Insignius Capital; DAO Maker; Halvings Capital; DeltaHub Capital
Valuationundisclosed$100Mundisclosed
EV/Revenue
EV/EBITDA

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Factorial Competitors

Factorial competitors include listed companies like Hilan and ATOSS Software, and private ones like Eightfold AI, PayFit, Human Interest and Lattice.

Public and private companies comparable to Factorial
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Eightfold AIUnited StatesSan Jose, CAPrivate$12M-$2.1B175.0x
PayFitFranceParisPrivate$74M-$2.1B28.3x
Human InterestUnited StatesSan Francisco, CAPrivate$200M-$3B15.0x
LatticeUnited StatesUnited StatesPrivate-$183M$3B-
HilanIsraelIsraelPublicly listed$993M$154M$1.8B-
ATOSS SoftwareGermanyGermanyPublicly listed$218M$84M$1.7B6.4x

Factorial Public Comps

Factorial is still privately-owned, but its public comps include Hilan, ATOSS Software, Freee, TOTVS, Workiva, Teamshares, Nordtech Group, AdvancedAdvT, Beisen Holding and Zaggle Prepaid Ocean.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Hilan$993M$154M1.8x-11.9x-
ATOSS Software$218M$84M7.0x6.4x18.2x17.1x
Freee$214M$6M6.3x4.8x237.7x65.4x
TOTVS$1.1B$318M3.9x3.2x13.7x12.1x
Workiva$885M($33M)4.5x4.0x(120.8x)24.0x
Teamshares$472M($23M)1.7x1.4x(35.0x)33.2x
Nordtech Group$72M$15M5.1x-25.2x-
AdvancedAdvT$72M$13M2.5x2.4x14.1x8.9x

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Common questions about Factorial

When was Factorial founded?Factorial was founded in 2016.
Where is Factorial headquartered?Factorial is headquartered in Barcelona, Spain.
Is Factorial publicly listed?No, Factorial is a private, VC-backed company.
What is Factorial's valuation?Factorial was last valued at $2.5B in its Series D in June 2026.
How much funding has Factorial raised?Factorial has raised $370M across 6 funding rounds.
What was Factorial's last funding round?Factorial's last funding round was a $150M Series D in June 2026, led by General Catalyst.
Who are Factorial's investors?Factorial's investors include Creandum, K Fund, Point Nine, CRV, Atomico, Itnig, General Catalyst, Pere Valles, Four Rivers, GIC and 4 others.
What is Factorial's revenue?Factorial's latest recorded revenue is $100M (October 2022).
What is Factorial's revenue multiple?Factorial's latest valuation implies a 10.0x revenue multiple ($1B valuation on $100M of revenue).
Which companies are comparable to Factorial?Companies comparable to Factorial include Eightfold AI, PayFit, Human Interest, Lattice, Hilan and ATOSS Software.
How many companies has Factorial acquired?Factorial has acquired 3 companies, including Empion, YepCode and Fuell.
How many companies has Factorial invested in?Factorial has invested in 3 companies, including Graze, Adaptive ML and Hackless.
What was Factorial's last investment?In April 2025, Factorial invested in Graze's $1M pre-seed round alongside Salesforce Ventures, Betaworks, Apertu Capital and 2 other investors.

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