Factorial HR has secured a $80 million Go-To-Market investment from General Catalyst’s Customer Value strategy. This funding will empower Factorial to sustain its growth trajectory, moving towards profitability with minimal financial constraints on its balance sheet.
Factorial, an all-in-one business and HR management software for small and medium businesses worldwide, has recently secured an $80 million Go-To-Market investment from General Catalyst’s Customer Value strategy. In 2022, Factorial reached unicorn status after a $120M Series C investment round with a valuation of $1 billion.
According to the press release, Jordi Romero, CEO and co-founder of Factorial HR said: “As one of the fastest-growing software companies in Europe, we wanted the ability to keep our growth trajectory without ever needing an equity round. This partnership with General Catalyst is exactly what we were looking for. We can focus on building great products and helping more customers without worrying about fundraising. General Catalyst is one of the most reputable tech investors in the world and that made the process very easy. They understand the quality of the business and the market.”
Pranav Singhvi, Managing Director at General Catalyst, shared: “Having known the Factorial team for years and seen their growth trajectory and the performance of its customer cohorts, General Catalyst strategically chose to invest and turbocharge the company’s go-to-market strategy. This decision aligns with our objective to identify and support innovative ventures with substantial market impact.
Moran Laufer, CFO of Factorial HR, said: “We think the sales and marketing funding is something of a game changer for Factorial. Thanks to General Catalyst, we will be able to accelerate our customer acquisition efforts, in a capital-efficient manner, thereby ensuring sustainable fast-paced growth while effectively doubling the return on equity for our investors,”
Factorial’s recent cash infusion, combined with funds from its successful 2022 Series C round, strengthens its ability to grow and innovate. With a bolstered balance sheet, Factorial can invest strategically in product development and engineering, speeding up the delivery of high-quality solutions to its customers.
About Factorial HR:
Founded in 2016, Factorial provides an all-in-one business and HR management software for small and medium businesses (SMEs) with over 8,000 clients worldwide. The platform offers HR solutions that automate and centralize administrative tasks, providing insights and ensuring businesses run smoothly. Factorial HR offers solutions including time management, talent management, recruitment, expense management, analytics, and document management, among others.
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