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Factorial Closes A Series B Funding Round With $80 Million

Sep 07, 2021•about 4 years ago

Round Type

series b

Barcelona

Description

Factorial (https://factorialhr.com/), a Barcelona-based HR software company that streamlines people management, has closed an $80 million Series B funding round led by Tiger Global Management, with participation from previous investors CRV, Creandum, Point Nine, K Fund, and Columbia Lake Partners bringing the total funding amount to $100 million.

Company Information

Company

Factorial

Location

Barcelona, Catalonia, Spain

About

Factorial is committed to changing the way SMEs make decisions by automating HR processes and providing insight into the organization. By automating and centralizing processes such as recruiting and selection, onboarding, absence management, and time tracking, Factorial helps companies reduce up to 60 hours of repetitive tasks and administrative work per month. Founded in 2016, in Barcelona, ​​Spain, by Jordi Romero, Pau Ramon, and Bernat Farrero, three entrepreneurs who had first-hand experience when it came to the lack of available and effective resources for people management problems. With over 75,000 users across 65 countries, Factorial serves clients such as KFC, Booking.com, and Whisbi.