Factorial exceeds forecasts and reaches $100 million in revenue

BarcelonaFactorial, the Catalan business management platform that achievedthe title ofunicorn–companies valued at more than 1 billion euros– in October 2022, has exceeded all its forecasts: in less than 10 years, it has already reached 100 million dollars in annual recurring revenue (ARR) and thus joins the small group of scale-ups European companies that have reached this milestone less than a decade since its founding.

As its founder, Jordi Romero, explains to ARA, "Factorial's growth has accelerated following General Catalyst's investment in early 2025, which increased its commitment to $200 million." At that time, the company already announced that it expected to reach $100 million in revenue before the end of the year.

Likewise, the growth is also due to the transformation of the platform, which has evolved from a human resources management tool to a complete business management product, largely driven by artificial intelligence (AI), which "multiplies the potential of teams," says Romero. In addition, the founder explains that next month Factorial will present a new product where the entire visual and chat interface will include AI in all processes. According to Romero, AI allows "software can be customized in a very affordable way," which is "a before and after."

With this growth, Factorial is consolidating itself in Europe, where it already has more than 14,000 clients in 10 different countries. Currently, they are opening a European office in Cologne, Germany, where the company "is growing very quickly," and 10,000 square meters in Barcelona. "We have hired more than 500 people this year and we are starting to work on next year's plan, which also includes hiring more staff," explains Romero.

Regarding the future and in the face of this exponential growth, for Romero, Factorial's main challenge is "to continue finding the best entrepreneurial talent from around the world to bring it to Barcelona and continue growing, but maintain the values we had when we had 20 people, even though we are now 1,400," he notes.

At the same time, and as he stated at the beginning of the year, the company is interested in further acquisitions of companies that could complement its business. "One of the reasons we wanted to increase capital is because we want to invest it in acquiring companies," he said back in March. However, for now, they have not closed any deals yet: "We have to get our act together," he told ARA. "We continue to see companies every week, but we haven't closed anything yet, although we want to put the capital to work."