Factorial, a Barcelona-based business management software, today announced a €110 million expansion of its investment agreement with General Catalyst, increasing the total investment from €73 million to €183 million.
The new funding will fuel Factorial’s geographic expansion, particularly in Germany, France, and Italy, and further its leadership in the business management software market.
“Factorial’s efficient and predictable growth enables us to pursue ambitious expansion without diluting our shareholders – making us a rare company that is both hyper-growth and financially sustainable.” says Jordi Romero, CEO and Co-founder of Factorial.
Founded in 2016 by Jordi Romero, Bernat Farrero and Pau Ramon, Factorial is a business management software that looks to help companies save time and make better decisions with easy access to data. Factorial is reportedly used by over 13k companies across 10+ countries and achieved unicorn status in 2022 after a successful Series C funding round.
The company, with its ambition to become the most horizontal and easy-to-use platform for businesses of all sizes, has recently experienced major growth from its newest products in Project Management, Training, and Expense Management, transitioning from its roots as an HR software provider to a comprehensive business management solution.
The decision by General Catalyst to increase its investment in Factorial indicates a strong trust with the company’s results in 2024, particularly in terms of its business model and growth strategy for the coming years.
Pranav Singhvi, General Catalyst’s Managing Director, commented: “From our perspective, it’s rare to see a company grow as fast and efficiently as Factorial did in 2024. Their ability to scale sustainably while staying at the forefront of innovation made this an easy decision for us. We’re doubling down on our investment and are excited to fuel Factorial’s next phase of growth.”
With this additional funding, Factorial is well-positioned to continue its growth without compromising its balance sheet or diluting shareholder equity.
Factorial is continuing to experience rapid adoption across Europe, with particularly strong momentum in Germany, its fastest-growing market.
According to Factorial, their customers appreciate the simplicity and flexibility of their all-in-one platform, which integrates multiple business functions. To support its accelerated expansion, Factorial is scaling its team aggressively, hiring up to 50 employees per week to grow from 900 to 1,300 team members.
Read the orginal article: https://www.eu-startups.com/2025/03/more-funding-for-factorial-the-spanish-unicorn-bags-an-additional-e110-million/
