Factorial

ActiveVenture Capital

Updated: Jan 6, 2026 ·

About

Factorial is a new kind of venture firm purpose-built for the AI era. Our investment partners are technical practitioners and we invest in founders who code building in infrastructure, B2B and consumer.

Recent News & Mentions

Oct 1, 2022FundingFactorial - Series C Sep 1, 2021FundingFactorial - Series B Apr 1, 2020FundingFactorial - Series A Sep 1, 2018FundingFactorial - Seed

Financial History

Factorial has raised $219.0M across 4 funding rounds. Most recently, it raised $120.0M Series C in October 2022.

Total Raised

$219.0M

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Oct 1, 2025	Tycho AI	$10.0M Series A	—	Adjacent, Betaworks Ventures, Contrary Capital, FirstMark Capital, Gaingels, Hustle Fund, Leadout Capital, Metaplanet, Round One Capital, Shrug Capital, Splash Capital, Ulu Ventures, Derrick Li, Eric Ries, Jaan Tallinn, Joe Greenstein, Karen King, Mark Cuban, Mark Pincus, Matthew Dellavedova, Ron Pragides, Sheila Vashee, Tim Kendall
Jul 1, 2025	Coverflow	$5.0M Seed	—	Adjacent, Betaworks Ventures, Contrary Capital, FirstMark Capital, Gaingels, Hustle Fund, Leadout Capital, Metaplanet, Round One Capital, Shrug Capital, Splash Capital, Ulu Ventures, Eric Ries, Jaan Tallinn, Joe Greenstein, Karen King, Mark Cuban, Mark Pincus, Matthew Dellavedova, Ron Pragides, Sheila Vashee, Tim Kendall
Mar 1, 2025	Campus	$46.0M Series B	—	8VC, 9Yards Capital, Kevin Hartz, AIX Ventures, Basecase Capital, C2 Investment, Draper Associates, DTCP, Eclipse Ventures, First Round Capital, Flex Capital, Founders Fund, Gaingels, Hoxton Ventures, Innovation Endeavors, IVP, K2 Global, LGF, Lightspeed Venture Partners, Liquid 2 Ventures, Maven Ventures, Quantum Angels Venture Capital, Rethink Impact, Saga, Scribble Ventures, Stellation Capital, Structure Capital, Symbolic Capital, The Hit Forge, Uncork Capital, Valhalla Ventures, Weekend Fund, Y Combinator, Akshay Kothari, Amjad Masad, Balaji Srinivasan, Bob Muglia, Dustin Moskovitz, Dylan Field, Emil Michael, Eric Wei, Evan Cheng, George Burke, Jason Citron, Jeff Bezos, Karim Atiyeh, Mattia Astori, Peter Sonsini, Ron Pragides, Sahin Boydas, Sam Altman, Scott Belsky, Shane Neman, Stanley Druckenmiller, Stephen Cole, Tobias Lutke, Tom Blaisdell, Yann LeCun
Feb 1, 2025	Baseten	$75.0M Series C	—	01 Advisors, 9Yards Capital, Abstract Ventures, Acrew Capital, Addition, Andreessen Horowitz, B8, Bain Capital Ventures, basecase capital, Bessemer Venture Partners, Binary Capital, Bond, C2 Investment, Conviction Partners, General Catalyst, Gradient Ventures, Greylock, Sangeen Zeb, Hoxton Ventures, Infinite Capital, IVP, LGF, Liquid 2 Ventures, Scott Sandell, NewView Capital, Pioneer Fund, Plaid, Predictive VC, Qiming Venture Partners, Race Capital, Redpoint Ventures, Sequoia Capital, South Park Commons, Spark Capital, Stellation Capital, Symbolic Capital, Jarrod Dicker, Uncork Capital, Weekend Fund, Y Combinator, Akshay Kothari, Charles Zedlewski, Cristina Cordova, DJ Patil, Dylan Field, Evan Cheng, George Burke, Greg Brockman, Peter Reinhardt, Ron Pragides, Scott Belsky, Will Gaybrick, Zachary Sims
Feb 1, 2025	Eudia	$110.0M Series A	—	9Yards Capital, Afore Capital, Basecase Capital, Browder Capital, Celesta, Jenny Fielding, Scott Hartley, Everywhere Ventures (The Fund), General Catalyst, Hoxton Ventures, Infinity Ventures Crypto, LGF, LvlUp Ventures, Next Play Ventures, Osney Capital, Penglan, Quake Capital, ScOp Venture Capital, Stellation Capital, Symbolic Capital, Uncork Capital, Weekend Fund, Akshay Kothari, Alex Oppenheimer, Andrew Steinwold, Evan Cheng, George Burke, Nitay Joffe
Jan 1, 2025	Justpoint	$45.0M Series A	—	Lightbank, Right Side Capital Management, 01 Advisors, 9Yards Capital, AAF Management Ltd., Afore Capital, AirAngels, Akshay Kothari, Ali Moiz, Andreessen Horowitz, Antiportfolio Ventures, Backed VC, Basecamp Fund, Basecase Capital, Bradley Horowitz, Brainchild, Brendan O'Driscoll, Chris Smoak, CrunchFund, Divergent Capital, Evan Cheng, Flybridge Capital Partners, Founder Collective, George Burke, Hoxton Ventures, Incisive Ventures, KW Angel Fund, LGF, Long Journey Ventures, Mario Gabriele, Matteo Franceschetti, Matthew Dellavedova, Moshe Lifschitz, Pioneer Square Labs, Scott Banister, Scott Belsky, Shrug Capital, Stellation Capital, Supernode Ventures, Symbolic Capital, Todd and Rahul's Angel Fund, Uncork Capital, Vivek Garipalli, VZVC, Wave Capital, Weekend Fund, What If Ventures
Dec 1, 2024	Mainframe	$6.0M Seed	—	50 Partners, 9Yards Capital, AI4ALL, Alumni Ventures, Artisanal Ventures, basecase capital, Basecase Capital, Cambrian Ventures, Flexcap, General Catalyst, Greylock, Hoxton Ventures, Innovation Endeavors, Kleiner Perkins, LGF, NEO, Otherwise Fund, Outrun Ventures, Stellar Capital, Stellation Capital, Symbolic Capital, Uncork Capital, Unusual Ventures, Vibe Capital, Weekend Fund, Y Combinator, Akshay Kothari, Amjad Masad, Evan Cheng, George Burke, Gokul Rajaram, Kelvin Beachum Jr., Kenneth Griffin, Kevin Weil, Kyle Vogt, Ron Pragides, Scott Belsky, Thibaud Elziere, Thomas Dohmke, Vishal Rao, William Levy
Nov 1, 2024	Argil	$4.0M Seed	—	eFounders, EQT Ventures, Motier Ventures, Norrsken VC, Y Combinator, Alexandre Scialom, Florian Douetteau, Rand Hindi, Thibaud Elziere, Yan-David Erlich
Jun 1, 2024	Cube AI	$3.0M Seed	—	eFounders, Motier Ventures, Alexandre Scialom, Charles Gorintin, Rand Hindi, Thibaud Elziere, Yan-David Erlich
May 1, 2024	AniML	$2.0M Seed	—	Brighteye Ventures, eFounders, Motier Ventures, Speedinvest, Alexandre Scialom, Charles Gorintin, Florian Douetteau, Nicolas Steegmann, Rand Hindi, Thibaud Elziere, Yan-David Erlich
Apr 1, 2024	Usual	$4.0M Seed	—	eFounders, Jude Gomila Rolling Fund, Motier Ventures, Polygon, Robot Ventures, Tribe Capital, Variant, Alexandre Scialom, Charles Gorintin, Daren Cotter, Florian Douetteau, Russell Cook, Thibaud Elziere, Yan-David Erlich
Mar 1, 2024	Catalog	$3.0M Seed	—	50 Partners, eFounders, Elaia Partners, Motier Ventures, Singular, The Hit Forge, Alexandre Scialom, Charles Gorintin, Florian Douetteau, Rand Hindi, Thibaud Elziere, Yan-David Erlich
Mar 1, 2024	Baseten	$40.0M Series B	—	01 Advisors, 9Yards Capital, Acrew Capital, Andreessen Horowitz, basecase capital, Bond, C2 Investment, Conviction Partners, Gradient Ventures, Greylock, Sangeen Zeb, Hoxton Ventures, Infinite Capital, IVP, LGF, Liquid 2 Ventures, Mischief Venture Capital, Hilarie Koplow-McAdams, Pioneer Fund, Plaid, Predictive VC, Sequoia Capital, Spark Capital, Stellation Capital, Symbolic Capital, Jarrod Dicker, Tet Ventures, Uncork Capital, Weekend Fund, Akshay Kothari, Allison Pickens (Allison Pickens Ventures), Charles Zedlewski, Cristina Cordova, DJ Patil, Dylan Field, Evan Cheng, George Burke, Greg Brockman, Neha Narkhede, Peter Reinhardt, Ron Pragides, Scott Belsky, Will Gaybrick, William Hockey, Zachary Sims
Feb 1, 2024	Permit.io	$8.0M Series A	—	11.2 Capital, A Capital, Addition, AIX Ventures, AllegisCyber Capital, Betaworks Ventures, E1 Ventures, Grotech Ventures, Lux Capital, Otherwise Fund, Paladin Capital Group, Scale Venture Partners, Sequoia Capital, Summit Partners, SYN Ventures, Thirty Five Ventures, WestCap, Augusto Marietti, Brad Bitler, Charles Zedlewski, Clement Benoit, Florian Douetteau, Greg Brockman, Ronny Conway, Thibaud Elziere
Feb 1, 2024	Vertesia	$4.0M Seed	—	eFounders, Motier Ventures, Alexandre Scialom, Charles Gorintin, Florian Douetteau, Rand Hindi, Thibaud Elziere, Yan-David Erlich
Jan 1, 2024	Twin	$3.0M Seed	—	AIX Ventures, Bond, C2 Investment, CoinFund, Dawn Capital, eFounders, Felicis Ventures, Global Founders Capital, Hack VC, Insight Partners, Motier Ventures, Pareto Holdings, Plaid, Point Nine Capital, Preston-Werner Ventures, Red Sea Ventures, RRE Ventures, Sapphire Ventures, #SecretFund, Sequoia Capital, Alexis Le-Quoc, Charles Gorintin, Didier Valet, Florian Douetteau, Jean Charles Samuelian, Jeff Hammerbacher, Jonathan Widawski, Mathilde Collin, Matt Macinnis, Nicolas Steegmann, Rand Hindi, Rodolphe Ardant, Thibaud Elziere, Victoria van Lennep, Yan-David Erlich
Jan 1, 2023	Goldenset Collective	$10.0M Seed	—	A Capital, Addition, AIX Ventures, Betaworks Ventures, E1 Ventures, FirstMile Ventures, Hustle Fund, Leawood Venture Capital, Lerer Hippeau, Lux Capital, Matchstick Ventures, Otherwise Fund, Sequoia Capital, Serena Ventures, Summit Partners, Thirty Five Ventures, Augusto Marietti, Brad Bitler, Charles Zedlewski, Clement Benoit, Florian Douetteau, Greg Brockman, Ronny Conway, Thibaud Elziere
Sep 1, 2022	CropConex	$2.0M Seed	—	Adjacent, Animo Ventures, Betaworks Ventures, Contrary Capital, FirstMark Capital, Gaingels, Hustle Fund, Leadout Capital, LombardStreet Ventures, Metaplanet, Round One Capital, Shrug Capital, Speedinvest, Splash Capital, Ulu Ventures, Derrick Li, Eric Ries, Erik Bovee, Jaan Tallinn, Joe Greenstein, Karen King, Mark Cuban, Mark Pincus, Mathias Ockenfels, Matthew Dellavedova, Ron Pragides, Sheila Vashee, Tim Kendall
Aug 1, 2022	Draftea	$20.0M Series A	—	A Capital, Addition, AIX Ventures, Betaworks Ventures, E1 Ventures, Lux Capital, Otherwise Fund, Sequoia Capital, Summit Partners, Thirty Five Ventures, Augusto Marietti, Brad Bitler, Charles Zedlewski, Clement Benoit, Florian Douetteau, Greg Brockman, Ronny Conway, Thibaud Elziere
Jul 1, 2022	Stadium Live Studios	$10.0M Series A	—	50 Partners Impact, A Capital, Addition, AIX Ventures, A'Z Angels, Betaworks Ventures, Bombas, Diaspora Ventures, E1 Ventures, KB Partners, Left Lane Capital, Lux Capital, Origins, Otherwise Fund, Reshape Ventures, Sequoia Capital, Singular, Slow Ventures, Summit Partners, Thirty Five Ventures, TQ Ventures, Union Square Ventures, Y Combinator, Augusto Marietti, Brad Bitler, Celine Lazorthes, Chad Stender, Charles Zedlewski, Clement Benoit, Eric Feng, Eric Wu, Florian Douetteau, Greg Brockman, Kevin Lin, Leore Avidar, Nik Sharma, Ronny Conway, Roxanne Varza, Scott Belsky, Thibaud Elziere, Tony Hawk
Jun 1, 2022	Zap Energy	$160.0M Series C	—	A Capital, Addition, AIX Ventures, Betaworks Ventures, Bonfire Ventures, Breakthrough Energy Ventures, E1 Ventures, La Famiglia, Lowercarbon Capital, Lux Capital, Maven Ventures, MS&AD Ventures, Offline Ventures, Otherwise Fund, Prelude Ventures, Sequoia Capital, Summit Partners, Thirty Five Ventures, Visionaries Club, Augusto Marietti, Bill Tai, Brad Bitler, Charles Zedlewski, Clement Benoit, Florian Douetteau, Greg Brockman, Ronny Conway, Thibaud Elziere
May 1, 2022	Hugging Face	$100.0M Series C	—	A Capital, Accel, Act One Ventures, Addition, Adjacent, Anthemis Group, Arrive, Battery Ventures, Beckett Layne Ventures, Benchmark, Betaworks Ventures, BITKRAFT Ventures, Bonfire Ventures, Boost VC, BoxGroup, Browder Capital, Buckley Ventures, CapitalX, Coelius Capital, Composite Ventures, Contrary Capital, Crosscut Ventures, Cyberstarts VC, Kevin Ding, Dreamers VC, Drive Capital, E1 Ventures, Eight Roads Ventures, Felicis Ventures, FirstMark Capital, Founders Fund, Future Shape, Gaingels, General Atlantic, GoAhead Ventures, Graph Ventures, Great Oaks Venture Capital, Griffin Gaming Partners, Highbury Group, Hustle Fund, Insight Partners, IVP, Koch Fund, KRM Interests LLC, Lakeside Capital, Lead Edge Capital, Leadout Capital, Lightspeed Venture Partners, Liquid 2 Ventures, Long Ventures Partners, Lytical Ventures, Matchstick Ventures, Merus Capital, Metaplanet, Scott Sandell, NFX, Offline Ventures, Paradigm, Pareto Holdings, Partners Resolute, Predictive VC, Revolution Growth, Round One Capital, SCOR Ventures, Sequoia Capital, Shrug Capital, SignalFire, Splash Capital, Springdale Ventures, Henry Fertik, SV Angel, Marco DeMeireles, The Hit Forge, Thirty Five Ventures, Torch Capital, Ulu Ventures, Alex Rodriguez, Abrahami Avishai, Charlie Cheever, Clark Landry, Daren Cotter, Derrick Li, Eric Ries, Frederic Kerrest, Immad Akhund, Jaan Tallinn, Jennifer Lopez, Jiake Liu, Joe Greenstein, Karen King, Kevin Colas, Lev Ekster, Mark Cuban, Mark Pincus, Matthew Dellavedova, Michael Ma, Rashaun Williams, Ronny Conway, Ron Pragides, Ryan Carlson, Ryan Wyatt, Sahil Lavingia, Scott Belsky, Sheila Vashee, Tim Kendall, Todd Corenson
May 1, 2022	Cribl	$150.0M Series D	—	A Capital, Accel, Addition, AIX Ventures, Alkeon Capital, B Capital Group, Bessemer Venture Partners, Betaworks Ventures, Cedar Capital Group, CRV, E1 Ventures, Flybridge, Greenoaks Capital, Greylock, Insight Partners, IVP, Lux Capital, MizMaa Ventures, Otherwise Fund, Redpoint Ventures, Scale Venture Partners, Seedcamp, Sequoia Capital, Single Fin Ventures, Summit Partners, Thirty Five Ventures, Ameet Patel, Augusto Marietti, Brad Bitler, Charles Zedlewski, Clement Benoit, Florian Douetteau, Greg Brockman, Ronald Cohen, Ronny Conway, Thibaud Elziere, Uri Boness
Apr 1, 2022	Baseten	$12.0M Series A	—	01 Advisors, 9Yards Capital, Gautam Gupta, Kevin Hartz, Accel, Accomplice VC, AIX Ventures, Alt Capital, Andreessen Horowitz, Bain Capital Ventures, basecase capital, Bond, CMFG Ventures, Conviction Partners, DTCP, Forerunner Ventures, Greylock, Hoxton Ventures, IVP, LGF, Matrix, Moderne Ventures, Pareto Holdings, Plaid, Ribbit Capital, Sacramento Angels, Saga, Spark Capital, Stellation Capital, Symbolic Capital, Third Kind Ventures, Tribe Capital, Uncork Capital, Weekend Fund, Y Combinator, Aaron Levie, Akshay Kothari, Charles Zedlewski, Cristina Cordova, DJ Patil, Dylan Field, Evan Cheng, Frederic Kerrest, George Burke, Greg Brockman, Howie Liu, Matt Macinnis, Mike Vernal, Ollen Douglass, Ron Pragides, Scott Belsky
Apr 1, 2022	Waivr	$1.0M Seed	—	20VC, 2.12 Angels, Adjacent, Adverb Ventures, Andreessen Horowitz, Basecamp Fund, Betaworks Ventures, BoxGroup, Chapter One Ventures, Contrary Capital, Costanoa Ventures, Deciens Capital, FirstMark Capital, First Republic Bank, Forum Ventures, Gaingels, Hustle Fund, Leadout Capital, Metaplanet, NextView Ventures, Oak HC/FT, Oceans, Oper8r, Poseidon Asset Management, Hayden Simmons, Redpoint Ventures, Round One Capital, Shrug Capital, Splash Capital, The Fintech Fund, Ulu Ventures, Derrick Li, Drew Houston, Eric Ries, Howie Liu, Jaan Tallinn, Jeff Morris, Joe Greenstein, Karen King, Manish Patel, Mark Cuban, Mark Pincus, Matthew Dellavedova, Rohini Pandhi, Ron Pragides, Scott Belsky, Sheila Vashee, Stewart Butterfield, Tim Kendall, Wayne Chang

Funding Rounds Raised

Date	Round	Other Investors
Oct 1, 2022	$120.0M Series C	Atomico, Bessemer Venture Partners, C2 Investment, Cherry Ventures, Creandum, CRV, DST Global, Dunce Capital, General Catalyst, Index Ventures, INKEF Capital, KFund, Point Nine Capital, Y Combinator, Augusto Marietti, Florian Douetteau, Marco Palladino, Mathias Biilmann Christensen, Stephan Schambach
Sep 1, 2021	$80.0M Series B	20VC, AirAngels, Alt Capital, Banana Capital, Bessemer Venture Partners, Bond, Buckley Ventures, C2 Investment, Cedar Capital Group, Cherry Ventures, Creandum, CRV, DST Global, Dunce Capital, General Catalyst, Hyper, Index Ventures, KFund, LGF, Lightspeed Venture Partners, Not Boring Capital, Plaid, Point Nine Capital, Rubicon VC, Stripe, The Hit Forge, Todd and Rahul's Angel Fund, WndrCo LLC, Y Combinator, Augusto Marietti, Florian Douetteau, Frank Westermann, James Beshara, Marco Palladino, Mathias Biilmann Christensen, Scott Belsky
Apr 1, 2020	$16.0M Series A	20VC, Alt Capital, Banana Capital, Bessemer Venture Partners, Buckley Ventures, C2 Investment, Cherry Ventures, Creandum, CRV, DST Global, Dunce Capital, General Catalyst, Hyper, Index Ventures, KFund, LGF, Lightspeed Venture Partners, Not Boring Capital, Plaid, Point Nine Capital, Rubicon VC, Stripe, The Hit Forge, Todd and Rahul's Angel Fund, WndrCo LLC, Y Combinator, Augusto Marietti, Florian Douetteau, Frank Westermann, James Beshara, Marco Palladino, Mathias Biilmann Christensen, Scott Belsky
Sep 1, 2018	$3.0M Seed	20VC, Alt Capital, Banana Capital, Bessemer Venture Partners, Buckley Ventures, Cherry Ventures, Creandum, DST Global, Dunce Capital, General Catalyst, Hyper, Index Ventures, KFund, LGF, Lightspeed Venture Partners, Not Boring Capital, Plaid, Point Nine Capital, Rubicon VC, Stripe, The Hit Forge, Todd and Rahul's Angel Fund, WndrCo LLC, Frank Westermann, James Beshara, Scott Belsky

Financial History

Factorial has raised $219.0M across 4 funding rounds.

Total Raised

$219.0M

Valuation

N/A

Leadership Team

Key people at Factorial.

Matthew Hartman

Managing Partner

Leadership Team

Key people at Factorial.

Matthew Hartman

Managing Partner

Deep Dive

Factorial is a technology company that provides an all-in-one human resources (HR) software platform primarily targeting small and medium-sized businesses (SMBs). Its software automates and streamlines HR tasks such as absence management, payroll administration, document management, time tracking, and performance management, helping HR managers reduce administrative errors and improve operational efficiency. Factorial serves a broad range of industries by offering modular pricing and integrations with popular business tools, enabling companies to manage their teams more effectively and make data-driven decisions. The company has demonstrated strong growth momentum, reaching unicorn status with a valuation around $1 billion after raising over $300 million in funding, and expanding its user base to thousands of paying customers worldwide[1][2][3][4].

Founded in 2016 by Jordi Romero, Bernat Farrero, and Pau Ramon Revilla in Barcelona, Factorial emerged from the founders’ vision to simplify HR management for SMBs. The company gained significant traction during the COVID-19 pandemic by offering its software free of charge to organizations adapting to remote work, which accelerated adoption and customer growth. Since then, Factorial has expanded internationally with offices in Spain, Mexico, and Brazil, and has evolved its platform to include advanced analytics and employee self-service features. Key milestones include multiple funding rounds culminating in a $120 million non-dilutive investment from General Catalyst in 2025 to boost sales and marketing efforts[1][2][4].

Core Differentiators

Comprehensive HR Platform: Integrates absence management, payroll, document handling, performance reviews, and analytics in one solution.
Modular Pricing Model: Allows businesses to pay only for the features they need, starting at $8 per employee per month.
Strong Integrations: Connects with numerous third-party apps like Slack, Google Workspace, and accounting software via an open API.
User Experience: High customer satisfaction with a 4.7 rating on mobile apps and a 5-star onboarding process.
Growth Support: Provides HR analytics and reporting tools that enable data-driven decision-making.
Global Reach: Offices and customers across Europe and Latin America, with a focus on SMBs adapting to digital HR management[1][2][3].

Role in the Broader Tech Landscape

Factorial rides the wave of digital transformation in HR, particularly the shift toward cloud-based SaaS solutions for workforce management. The timing is favorable due to increasing demand for automation in HR processes, especially post-pandemic when remote and hybrid work models became widespread. Market forces such as SMBs’ need for cost-effective, scalable HR tools and the proliferation of integrated business software ecosystems support Factorial’s growth. By simplifying HR management, Factorial influences the broader startup ecosystem by enabling smaller companies to operate more efficiently and focus on growth rather than administrative overhead[1][2][4].

Quick Take & Future Outlook

Looking ahead, Factorial is poised to deepen its market penetration by leveraging its recent funding to expand sales and marketing globally. Trends shaping its journey include the growing adoption of AI and analytics in HR, increasing demand for employee self-service tools, and the continued integration of HR software with broader business platforms. Factorial’s influence is likely to grow as it helps SMBs navigate complex workforce challenges, potentially expanding into new markets and adding more advanced features to maintain its competitive edge[3][4]. Its evolution from a pandemic-era solution to a global HR SaaS leader underscores its strong foundation and promising future.

Sources

Frequently Asked Questions

How much funding has Factorial raised?

Factorial has raised $219.0M in total across 4 funding rounds.

Who are Factorial's investors?

Factorial's investors include Atomico, Bessemer Venture Partners, C2 Investment, Cherry Ventures, Creandum, CRV, DST Global, Dunce Capital, General Catalyst, Index Ventures, INKEF Capital, KFund.

Frequently Asked Questions

How much funding has Factorial raised?

Factorial has raised $219.0M in total across 4 funding rounds.