Barcelona-based all-things-HR platform Factorial has raised $80 million in a Series B round. The company primarily serves SME’s and automates a number of HR processes including recruitment and selection, onboarding, paid time off, and time tracking. The funding is expected to fuel future growth including market expansions into the US and Brazil. To date, Factorial has raised $100 million.
Founded in 2016 by Jordi Romero, Pau Ramon, and Bernat Farrero, like most traditionally paper-based business processes, the pandemic was a blessing in disguise. Factorial, whose primary goal is to digitise the human resources department has seen explosive growth, with revenues tripling in the last year alone.
The company counts brand names including KFC, Booking.com, and Whisbi amongst its client base, and in so much, represents over 75,000 individuals in 65 countries around the world.
The Series B round was led by the omnipresent Tiger Global and saw participation from previous investors CRV, Creandum, Point Nine, K Fund, and Columbia Lake Partners.
CEO Jordi Romero commented, “It is Factorial’s mission to become the global leader in HR technology for SMEs and having investors that can support us all the way to the public market is going to be key to our success.”
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