Funding round
Factorial Series B
Factorial, which works in cloud-based business management software development in Barcelona, raised $80M in a Series B round announced on 5 Sep 2021, led by Tiger Global, at a $500M post-money valuation. 5 firms took part, 4 of them already investors. It is Factorial's second venture round on record; the one before was a Series A in Apr 2020.
$80M
Amount raised
$500M
Post-money valuation
$420M pre-money
5
Investors
1 lead
16%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Factorial at $500M after the new money. The $80M bought investors about 16% of the company. It came 17 months after Factorial's Series A. It is 18% of the $446M Factorial has raised in the venture rounds on record. Factorial raised again 31 months later: a Growth round of $80M in Apr 2024. Its next priced round, a Series C in Dec 2024, valued it at $1.00B.
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 this round 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
Tiger Global led the round with 4 other firms. CRV, Creandum, Point Nine and K Fund had backed Factorial before.
Lead investor
- Tiger Global backs 391 venture-backed companies new investor
Also in the round
- CRV backs 177 venture-backed companies existing investor
- 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 hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,032 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 2.7 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Sorare Tech Companies | 21 Sep 2021 | $680M | $4.30B | SoftBank |
| DeepRoute.ai Tech Companies | 14 Sep 2021 | $300M | $1.00B | Alibaba Group |
| Tech Companies | 23 Sep 2021 | $130M | $642M | 9Yards Capital and Tiger Global Management |
| Tech Companies | 15 Sep 2021 | $125M | not disclosed | SoftBank Vision Fund and Sanabil |
| Tech Companies | 14 Sep 2021 | $80M | not disclosed | Insight Partners |
| Tech Companies | 15 Sep 2021 | $65M | not disclosed | Insight Partners |
| Tech Companies | 28 Sep 2021 | $60M | not disclosed | Tiger Global |
| Tech Companies | 15 Sep 2021 | $54M | not disclosed | Tiger Global |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Factorial raise in its Series B round?
Factorial raised $80M in its Series B round, announced in Sep 2021.
Who led Factorial's Series B round?
Tiger Global led it, with CRV, Creandum, Point Nine and K Fund.
What was Factorial's valuation at the Series B round?
$500M post-money ($420M pre-money).
How does it compare with other Series B rounds in Tech Companies?
1,032 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 2.7 times the median.
Did Factorial raise again after this round?
Yes: a Growth round in Apr 2024 of $80M.