HR SaaS Factorial bags €15m Series A in Spain's largest round so far this year, despite Covid-19 downturn

Spain

3 min read

May 04, 2020

By Gareth Gardiner Jones

Calling Factorial “the Zendesk of HR," Silicon Valley heavyweight CRV led the round, in its first-ever investment in Spain

Factorial, a SaaS automating HR workflows and tasks for SMEs, has raised the single largest funding round in Spain so far this year, and in the midst of the Covid-19 crisis that has seen most deals stalled or plugged. The Barcelona-based startup won €15m in a Series A funding led by Silicon Valley veteran CRV, in its first-ever investment in Spain.
The amount raised was also €7m more than what Factorial originally solicited at the end of 2019, and one of Spain's largest Series A investments to date.
Describing Factorial as “the Zendesk of HR,” Reid Christian, General Partner at CRV, said...

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Edited by Matt Stanley, Bernice Tang

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