Factorial ARR Hits $100M

Factorial, the HR software and business management SaaS company founded in Barcelona in 2016 by Jordi Romero, Bernat Farrero, and Pau Ramon, has surpassed $100 million in annual recurring revenue (ARR) in 2025. 

The company serves over 14,000 customers across more than 10 countries and has been growing at approximately 70% year-over-year. 

The platform solves a set of common HR and administrative problems for small and medium-sized businesses, including time tracking, payroll, absence and leave management, shift scheduling, expense control, document management, training, and project management.

It also integrates AI to automate administrative tasks, enabling companies to move away from manual, error-prone processes and allowing HR teams to focus more on strategy rather than paperwork. 

On the financial and investment side, Factorial has raised about $176M-$300M in total funding over multiple rounds, including a $120M raise in 2022 that led to its unicorn (>$1B) valuation. 

General Catalyst has made a non-dilutive $120M “Go-To-Market” investment to accelerate sales and marketing, and the company is scaling its team from about 900 to 1,300 employees, adding up to 50 employees per week in some periods.

It’s not yet profitable, but reports indicate that its cash flow is positive relative to growth investments, and it prioritizes profitability without sacrificing expansion.