| Factorial | |
| Logo Alt: | Factorial HR logo |
| Former Name: | FactorialHR |
| Founded: | 2016 |
| Area Served: | Worldwide |
| Services: | human resources software as a service, human capital management software as a service and applicant tracking system |
| Num Employees: | 1,000 (December 2023) |
Factorial is a technology company that provides human resources software as a service. Founded in 2016 by Jordi Romero, Bernat Farrero, and Pau Ramon Revilla, the company has offices in Barcelona, Miami, São Paulo, and Mexico City.
Factorial's software includes Absence management features, a Document management system, and built-in analytics.
Factorial was founded in 2016.[1] During the COVID-19 pandemic, Factorial made its software available for free for a period of time while restrictions were in place. This led to new interest from companies that had never used cloud-based services before, and had previously only used manual methods for document management and other HR processes.[2]
Factorial received a Series B investment round of $80 million, followed by a Series C investment round of $120 million in 2022, raising the company's valuation to $1 billion and granting it unicorn status.[3] [4]
Factorial opened its Mexico City office in June, 2021.
In 2023, Factorial opened its office in Miami.[5] The choice of location in North America was part of the process of expanding in the US and Canadian markets with products that are localized for these markets.[6] The office is located in the Latitude One office building in Brickell.
The software is made up of a section for time off management with a team calendar where all absences and upcoming days off are collected and shared with the team, an employee self-service area which is a custom portal where employees can update their personal information, documents, holidays, documents, and events, and a separate dashboard for talent management.[7]