Funding round
Factorial Growth
Reported as "Growth Equity"
Factorial, which works in cloud-based business management software development in Barcelona, raised $80M in a Growth round announced on 11 Apr 2024, led by General Catalyst. 2 firms took part. It is Factorial's third venture round on record; the one before was a Series B in Sep 2021.
$80M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Factorial did not disclose a valuation in this round; its last disclosed one was $500M at the Series B (Sep 2021). It came 31 months after Factorial's Series B. It is 18% of the $446M Factorial has raised in the venture rounds on record. Factorial raised again 8 months later: a Series C round of $120M in Dec 2024, at $1.00B post-money.
Factorial's funding rounds
Factorial has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 9 Apr 2020, led by CRV $16M
- Series B 5 Sep 2021, led by Tiger Global $80M$500M post-money
- Growth this round 11 Apr 2024, led by General Catalyst $80M
- Series C 30 Dec 2024, led by Atomico $120M$1.00B post-money
- Debt not a venture round 19 Mar 2025, led by General Catalyst $120M
- Series D 6 Sep 2026, led by General Catalyst $150M$2.50B post-money
Investors
Who put money in
General Catalyst led the round with 1 other firm.
Lead investor
- General Catalyst backs 574 venture-backed companies new investor
Also in the round
- Atomico backs 123 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
364 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $47M, and this round was 1.7 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Lambda Tech Companies | 4 Apr 2024 | $500M | not disclosed | Macquarie |
| Buyers Edge Platform Tech Companies | 8 Apr 2024 | $425M | not disclosed | General Atlantic |
| Perplexity Tech Companies | 23 Apr 2024 | $250M | $2.50B | not named |
| Cognition Tech Companies | 1 Apr 2024 | $175M | $2.00B | Founders Fund |
| Ramp Tech Companies | 17 Apr 2024 | $150M | $13.00B | Khosla Ventures and Founders Fund |
| Tech Companies | 9 Apr 2024 | $125M | not disclosed | 8VC and NewRoad Capital Partners |
| Tech Companies | 4 Apr 2024 | $109M | not disclosed | Sumeru Equity Partners |
| Tech Companies | 22 Apr 2024 | $100M | not disclosed | Deerfield and Endeavor Health |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Factorial raise in its Growth round?
Factorial raised $80M in its Growth round, announced in Apr 2024.
Who led Factorial's Growth round?
General Catalyst led it, with Atomico.
What was Factorial's valuation at the Growth round?
It was not disclosed; its last disclosed one was $500M at the Series B (Sep 2021).
How does it compare with other Growth rounds in Tech Companies?
364 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $47M, and this round was 1.7 times the median.
Did Factorial raise again after this round?
Yes: a Series C round in Dec 2024 of $120M at $1.00B post-money.