Funding round
Factorial Series A
Factorial, which works in cloud-based business management software development in Barcelona, raised $16M in a Series A round announced on 9 Apr 2020, led by CRV. 4 firms took part, 3 of them already investors. It is Factorial's first venture round on record.
$16M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Factorial did not disclose a valuation in this round. It is Factorial's first venture round on record, 4 years after it was founded in 2016. It is 3.6% of the $446M Factorial has raised in the venture rounds on record. Factorial raised again 17 months later: a Series B round of $80M in Sep 2021, at $500M post-money.
Factorial's funding rounds
Factorial has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Series A this round 9 Apr 2020, led by CRV $16M
- Series B 5 Sep 2021, led by Tiger Global $80M$500M post-money
- Growth 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
CRV led the round with 3 other firms. Creandum, Point Nine and K Fund had backed Factorial before.
Lead investor
- CRV backs 177 venture-backed companies new investor
Also in the round
- backs 95 venture-backed companies existing investor
- backs 105 venture-backed companies existing investor
- backs 50 venture-backed companies existing 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
1,137 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $9.8M, and this round was 1.6 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 2 Apr 2020 | $134M | not disclosed | China Structural Reform Fund |
| Tech Companies | 14 Apr 2020 | $30M | not disclosed | Koch Disruptive Technologies and New Enterprise Associates |
| Tech Companies | 28 Apr 2020 | $25M | not disclosed | Andreessen Horowitz and Sequoia Capital |
| Tech Companies | 8 Apr 2020 | $24M | not disclosed | Lightspeed Venture Partners |
| Tech Companies | 2 Apr 2020 | $22M | not disclosed | Celeres |
| Tech Companies | 14 Apr 2020 | $22M | not disclosed | Kleiner Perkins and Sequoia Capital |
| Tech Companies | 14 Apr 2020 | $15M | not disclosed | Adjuvant Capital |
| Tech Companies | 23 Apr 2020 | $15M | not disclosed | MMC |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Factorial raise in its Series A round?
Factorial raised $16M in its Series A round, announced in Apr 2020.
Who led Factorial's Series A round?
CRV led it, with Creandum, Point Nine and K Fund.
What was Factorial's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,137 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $9.8M, and this round was 1.6 times the median.
Did Factorial raise again after this round?
Yes: a Series B round in Sep 2021 of $80M at $500M post-money.