Factorial adds $120M and doubles valuation to $1B to build enterprise-quality HR for SMBs

Factorial’s website is powered by a total of 44 technologies distributed across 45 technology products and services. Some of these technologies include Viewport Meta, iPhone Mobile Compatible, SSL by Default, jQuery, HTML5, Google Analytics, and several others. RIO DE JANEIRO, BRAZIL – Barcelona-based HRtech startup Factorial, which automates HR processes for businesses, is opening a branch office in Brazil. The entry into the country comes after the startup received a US$80 million in a Series B investment round led by Chase Coleman’s New York-based Tiger Global.

The company has now entered the “unicorn” club at a valuation of $1B (approximately €1B). I agree to receive PitchBook Data’s electronic newsletters, updates, promotions and related messages regarding PitchBook Data’s products. Barcelona-based HR automation specialist Factorial has nearly doubled its valuation with a $120 million round, becoming Europe’s newest unicorn. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. For software companies that can offer efficiency savings to clients outside of their immediate neighbours in the VC-backed space, Factorial’s new raise and valuation is proof SaaS is very much still alive and kicking. The shift to remote and hybrid work have led many more SMEs to use software to manage their teams.

SMBs have, therefore, struggled on using a mix of standalone tools that don’t integrate well and are pretty time-consuming to operate. This also doesn’t leave much time to focus on developing people and culture, or to access data-driven insights to make informed decisions around time, talent and finances. 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. Three talented professionals got together and combined their resources to form the company Factorial. All of them are seasoned businessmen with years of cumulative knowledge and experience.

The platform helped provide social influencers with a product to help them monetize their websites. He joined their team as the chief technical officer, an executive position. Factorial has participated in four rounds of venture capital fundraising. The most recent round of Series B funding closed on September 6, 2021. The executive leaders at Factorial are supported by a team of talented management professionals who help them achieve their business goals.

You can see a list of supported browsers in our Help Center. This Series B round brings Factorial’s total funding to $100.1M. With over 7000 customers across nine countries, the company serves clients such as Freshly Cosmetics, Vicio, Booking.com, and Whisbi.

Bernat Farrero has founded three organizations and is still actively involved in each of them. Pau Roman, also known as Pau Roman Revilla, is a software engineer. He has served in multiple developers and technical lead jobs throughout his career. He is a co-founder of Factorial, but he also founded a company called zspeaker.com. The company launched in May of 2011 in Barcelona, Spain, and San Francisco, California.

Spanish HR tech startup Factorial has raised $120 million in fresh funding. In craziness of the current labor market, many fast-growing startups have a hard time finding enough skilled personnel and competing with corporates that can offer higher salaries. Learn what you can do to get the best international talent to work with you. Reuters, human can this highspeed boxunloading named the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers.

Factorial to date has picked up some 7,000 customers across Europe in countries like the U.K. This new announcement is the cherry on top of a very well-enjoyed cake and reflects strength in the company’s idea as well as a successful strategy of product development and market expansion. Examine the effects of the latest technology with the Tech.eu lens, see the details and create powerful strategies. Take immediate action to access exclusive articles and reports. Sign in to your account, or Sign up to stay up to date with the hottest European tech startup news. There are two members on the board of directors for Factorial.

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. Tech.eu Insights creates insight and guides strategies with its comprehensive content and reports. Tech.eu Insights creates insight and guides strategies with its comprehensive content and reports.Tech.eu Reports stand out with their comprehensive content and in-depth research reports.

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