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§ Private Profile · Barcelona, Spain
All-in-one HR software platform for SMBs and mid-market companies, automating workforce management, payroll, and absence.
Factorial HR has raised $83.2M across 2 funding rounds.
Key people at Factorial HR.
Factorial HR has raised $83.2M in total across 2 funding rounds.
Based in Barcelona, Spain, Factorial HR develops a comprehensive human resources software platform that automates essential workforce management tasks for small and medium-sized businesses. The company operates on a software as a service subscription model, providing centralized digital tools for time tracking, shift management, payroll processing, absence management, employee onboarding, and real-time data analytics. The enterprise has scaled its internal operations to support approximately 800 employees while serving a global client base of over 60,000 customers distributed across more than 40 countries. Factorial HR has achieved a unicorn valuation exceeding $1 billion, supported by substantial venture capital investments including a recent €110 million funding round led by General Catalyst Partners, alongside prominent institutional backers like CRV, Creandum, K Fund, and Point Nine. The organization was officially founded in 2016 by Jordi Romero, Bernat Farrero, and Pau Ramon.
Factorial HR has raised $83.2M in total across 2 funding rounds.
Factorial HR's investors include Pranav Singhvi, Creandum, Iñaki Arrola, Point Nine Capital.
Key people at Factorial HR.
Factorial HR has raised $83.2M across 2 funding rounds. Most recently, it raised $80.0M Factorial - Other Equity in April 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 11, 2024 | $80M Venture Round | Pranav Singhvi | — | Announced |
| Oct 13, 2018 | $3.2M Venture Round | — | Creandum, Iñaki Arrola, Point Nine Capital | Announced |
Factorial HR is an all-in-one HR software platform designed for small and medium-sized businesses (SMBs), automating administrative tasks like time tracking, payroll, performance management, and employee onboarding to centralize people data and enable data-driven decisions.[1][2][3][5] It serves thousands of companies across over 120 countries, empowering HR teams, managers, and employees by reducing paperwork, minimizing errors, and fostering better workplace culture and productivity.[2][4][5] With a team of over 1,200 people in offices in Barcelona, Brazil, Mexico, and the US, Factorial has shown strong growth momentum, scaling from a European startup to a global player serving more than 13,000 clients.[2][4][5]
Factorial HR was founded in 2016 in Barcelona by entrepreneurs Jordi Romero, Pau Ramon, and Bernat Farrero, who faced challenges scaling their own businesses due to inefficient HR processes and excessive paperwork.[1][3][5] Frustrated by the lack of suitable solutions, they built a platform to automate HR workflows, starting with core needs like time tracking and document management.[1][3] Early traction came from addressing pain points for SMBs, leading to rapid expansion beyond Europe into the US and Latin America, with the company evolving its mission from simplifying admin tasks to creating people-centered workplaces that boost engagement and growth.[2][3][8]
Factorial HR rides the wave of HR tech digitization, capitalizing on the shift toward remote/hybrid work, SMB digital transformation, and demand for people-centric tools amid talent shortages and disengagement—where 75% of workers feel uncommitted.[4][8] Its timing aligns with post-pandemic market forces like rising labor costs, compliance complexities across borders, and AI-driven automation, allowing SMBs (often underserved by enterprise HR giants) to compete by streamlining operations and enhancing employee experience.[2][3][7] By influencing the ecosystem through scalable, affordable solutions, Factorial empowers thousands of global businesses to prioritize growth and culture, contributing to a more efficient, data-informed HR landscape.[1][5]
Factorial HR is poised for continued expansion by deepening AI integrations for predictive analytics, further penetrating the US and Latin American markets, and enhancing features like advanced talent development amid evolving labor regulations.[3][7] Trends such as workforce personalization, gig economy management, and sustainability-focused HR will shape its trajectory, potentially driving client growth beyond 13,000 as SMBs seek integrated platforms over fragmented tools.[2][4][5] Its influence may evolve from admin automation to a full ecosystem enabler, betting on people to transform workplaces—just as its founders envisioned when building from personal pain points.[1][8]
