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Factorial raises $16m to take on the HR world with a platform for SMBs

Barcelona based HR automation platform for SMBs raised €15m in a Series A round of funding led by CRV.

“Factorial was built for the users, designed for the modern web and workplace,” said Reid Christian, General Partner at CRV, in a statement. “Historically the HR software market has been one of the most lucrative categories for enterprise tech companies, and today, the HR stack looks much different. As we enter the third generation of cloud HR products, with countless point solutions, there’s a strong need for an underlying platform to integrate work across these.” close

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financing, europe, hr