Factorial Raises USD $16.4M for Middle Market HR Platform

Factorial, a Human Resources management platform, revolutionizing the way companies manage their HR processes, has announced a successful £13 million “Series A” funding round, the third since it began operations in late 2016. This recent round, and the largest investment in Spain for 2020, builds on what has already been an exceptionally successful year for Factorial, making it one of the leading startups in HR.

With CRV’s investment, Factorial plans to expand by focusing on developing new functionalities within its already successful range of features, including applicant tracking and recruitment, performance evaluation, time tracking, absence management, document management and more. These new features and improvements are centered around supporting medium-sized companies as they transition their processes to digital.

Read more: FACTORIAL RAISES $16 M – Spain’s Largest Funding Round of 2020!