View source for Factorial (software company)


{{orphan|date=March 2024}}
{{Short description|Factorial is a technology company that provides human resources software as a service.}}
{{Infobox company
| name = Factorial
| logo = Factorial company logo in radical red color with text saying Factorial in Fira font type.png
| logo_alt = Factorial HR logo
| logo_caption = Factorial's logo
| former_name = FactorialHR
| founded = 2016
| founder = {{Unbulleted list|Jordi Romero|Bernat Farrero|Pau Ramon Revilla}}
| 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 <small>(December 2023)</small>
| website = {{URL|factorialhr.com/}}
}}
'''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]].
== History ==
Factorial was founded in 2016.<ref>{{Cite web |title=Spain mints its newest unicorn as Factorial raises $120m |url=https://sifted.eu/articles/factorial-raises-120m-unicorn/ |access-date=2024-03-18 |website=Sifted |language=en}}</ref> 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 computing|cloud-based]] services before, and had previously only used manual methods for document management and other HR processes.<ref>{{Cite web |last=Lunden |first=Ingrid |date=2020-04-27 |title=Factorial raises $16M to take on the HR world with a platform for SMBs |url=https://techcrunch.com/2020/04/27/factorial-raises-16m-to-take-on-the-hr-world-with-a-platform-for-smbs/ |access-date=2024-03-18 |website=TechCrunch |language=en-US}}</ref>
Factorial received a Series B [[investment round]] of $80&nbsp;million, followed by a [[Venture round|Series C]] investment round of $120&nbsp;million in 2022, raising the company's valuation to $1&nbsp;billion and granting it [[Unicorn (finance)|unicorn]] status.<ref>{{Cite web |date=2021-09-07 |title=Factorial Closes a Series B Funding Round with $80 Million |url=https://www.businesswire.com/news/home/20210907005612/en/Factorial-Closes-a-Series-B-Funding-Round-with-80-Million |access-date=2024-03-18 |website=www.businesswire.com |language=en}}</ref><ref>{{Cite web |last=Lunden |first=Ingrid |date=2022-10-11 |title=Factorial adds $120M and doubles valuation to $1B to build enterprise-quality HR for SMBs |url=https://techcrunch.com/2022/10/11/factorial-adds-120m-and-doubles-valuation-to-1b-to-build-enterprise-quality-hr-for-smbs/ |access-date=2024-03-18 |website=TechCrunch |language=en-US}}</ref>
=== Mexico City Office ===
Factorial opened its Mexico City office in June, 2021.
=== Miami Office ===
In 2023, Factorial opened its office in Miami.<ref name=":1">{{Cite web |last=DahlbergI |first=Nancy |date=2023-03-24 |title=HR tech unicorn Factorial chooses Miami for its North American hub, plans to hire up to 150 – Refresh Miami |url=https://refreshmiami.com/hr-tech-unicorn-factorial-chooses-miami-for-its-north-american-hub-plans-to-hire-up-to-150/ |access-date=2024-03-25 |language=en-US}}</ref> 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.<ref>{{Cite web |last=researcher |first=Riley KaminerI am a Miami-based technology |last2=startups |first2=writer with a passion for sharing stories about the South Florida tech ecosystem I. particularly enjoy learning about GovTech |last3=Intelligence |first3=Cutting-Edge Applications of Artificial |date=2023-12-12 |title=HR-tech unicorn Factorial expands in North America, with Miami as its hub – Refresh Miami |url=https://refreshmiami.com/hr-tech-unicorn-factorial-expands-in-north-america-with-miami-as-its-hub/ |access-date=2024-03-25 |language=en-US}}</ref> The office is located in  the [[Latitude on the River|Latitude One]] office building in [[Brickell]].<ref name=":1" />
== Software ==
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.<ref name=":0">{{Cite web |title=Factorial Expert Review, Pricing, Alternatives – 2024 |url=https://www.selectsoftwarereviews.com/reviews/factorial-hr |access-date=2024-03-18 |website=www.selectsoftwarereviews.com}}</ref>
== References ==
<references />
== External links ==
*{{official|https://factorialhr.com/apps/category/all#directory}}
[[Category:Human resource management software]]
[[Category:Logistics companies of Spain]]
[[Category:Enterprise software]]