Funding round
Factorial Series C
Factorial, which works in cloud-based business management software development in Barcelona, raised $120M in a Series C round announced on 30 Dec 2024, led by Atomico, at a $1.00B post-money valuation. 6 firms took part. It is Factorial's fourth venture round on record; the one before was a Growth in Apr 2024.
$120M
Amount raised
$1.00B
Post-money valuation
6
Investors
1 lead
2.0x
Step-up from the Series B
$500M in Sep 2021
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Factorial at $1.00B after the new money, 2.0 times the $500M of its Series B (Sep 2021). The $120M bought investors about 12% of the company. It came 8 months after Factorial's Growth. It is 27% of the $446M Factorial has raised in the venture rounds on record. Factorial raised again 21 months later: a Series D round of $150M in Sep 2026, at $2.50B 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 11 Apr 2024, led by General Catalyst $80M
- Series C this round 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
Atomico led the round with 5 other firms.
Lead investor
- Atomico backs 123 venture-backed companies
Joined the board: Luca Eisenstecken (Atomico).
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
261 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $55M, and this round was 2.2 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 5 Dec 2024 | $120M | $720M | Sapphire Ventures |
| Tech Companies | 4 Dec 2024 | $60M | not disclosed | Maverick Silicon |
| Tech Companies | 12 Dec 2024 | $55M | not disclosed | Insight Partners |
| Tech Companies | 1 Dec 2024 | $38M | not disclosed | Avataar Venture Partners |
| Tech Companies | 10 Dec 2024 | $35M | not disclosed | Maverix Private Equity |
| Tech Companies | 19 Dec 2024 | $30M | not disclosed | Zeev Ventures |
| Tech Companies | 9 Dec 2024 | $30M | not disclosed | Zeev Ventures |
| Tech Companies | 1 Dec 2024 | $26M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Factorial raise in its Series C round?
Factorial raised $120M in its Series C round, announced in Dec 2024.
Who led Factorial's Series C round?
Atomico led it, with GIC, Tiger Global, CRV, K Fund and Creandum.
What was Factorial's valuation at the Series C round?
$1.00B post-money.
How does it compare with other Series C rounds in Tech Companies?
261 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $55M, and this round was 2.2 times the median.
Did Factorial raise again after this round?
Yes: a Series D round in Sep 2026 of $150M at $2.50B post-money.