Factorial funding news – Barcelona-based Factorial Secures €110 Million in Investment

This new funding will help it to expand into Germany, France, and Italy and strengthen its position in the business management software market.

Jordi Romero, CEO and Co-founder of Factorial said, “Factorial’s efficient and predictable growth enables us to pursue ambitious expansion without diluting our shareholders – making us a rare company that is both hyper-growth and financially sustainable.”

It aims to be the most user-friendly platform for businesses of all sizes. It has recently grown by launching new products in Project Management, Training, and Expense Management, moving from just HR software to a complete business management solution.

General Catalyst’s decision to increase its investment shows strong confidence in It’s success in 2024, especially in its business model and future growth plans.

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Pranav Singhvi, General Catalyst’s Managing Director, commented: “From our perspective it’s rare to see a company grow as fast and efficiently as Factorial did in 2024. Their ability to scale sustainably while staying at the forefront of innovation made this an easy decision for us. We’re doubling down on our investment and are excited to fuel Factorial’s next phase of growth.”

With this new funding, it can keep growing without harming its finances or reducing shareholder value. It is growing quickly across Europe, especially in Germany, its fastest-growing market.

Customers value the simplicity and flexibility of it’s all-in-one platform, which covers many business functions. To keep up with its growth, It is hiring quickly, adding up to 50 employees per week, aiming to expand its team from 900 to 1,300.

About Factorial

Founded in Barcelona in 2016, Factorial grew fast because many businesses face the same problem: wasting time on manual tasks. In 2022, it became a Unicorn, helping them continue their goal of providing a complete solution for business people processes.