Barcelona-based all-things-HR platform Factorial has raised $80 million in a Series B round. The company primarily serves SME’s and automates a number of HR processes including recruitment and selection, onboarding, paid time off, and time tracking. The funding is expected to fuel future growth including market expansions into the US and Brazil. To date, Factorial has raised $100 million.
Founded in 2016 by Jordi Romero, Pau Ramon, and Bernat Farrero, like most traditionally paper-based business processes, the pandemic was a blessing in disguise. Factorial, whose primary goal is to digitise the human resources department has seen explosive growth, with revenues tripling in the last year alone.