Factorial: Barcelona’s HR Software Unicorn Revolutionizing HR for SMEs
Factorial, a standout in Barcelona’s thriving tech ecosystem, has rapidly emerged as a global leader in human resources software for small and medium-sized enterprises (SMEs). The company’s innovative, people-centric platform is transforming how businesses manage their teams, automate administrative tasks, and make data-driven decisions.
Factorial Company History and Growth
Founded in 2016 by Jordi Romero, Bernat Farrero, and Pau Ramon Revilla, Factorial was born from the vision to simplify HR processes and empower businesses to focus on their people rather than paperwork. Initially offering its software for free, Factorial pivoted to a subscription model after realizing the need for sustainable growth. This strategic shift paid off, with the company tripling its sales year after year: €3 million in 2020, €10 million in 2021, and a projected €30 million in 2022. By 2022, Factorial achieved unicorn status with a valuation of $1 billion, marking a significant milestone for Barcelona’s digital economy.
Address and Presence
Factorial’s headquarters are located in Barcelona, Spain, anchoring its global operations. The company has expanded internationally, with offices in Miami, São Paulo, and Mexico City, serving over 12,000 clients in more than 95 countries. The Barcelona office remains the heart of Factorial’s innovation and growth.
Yearly Local Revenue
Factorial’s local revenue has mirrored its global trajectory. In 2021, the company reported €10 million in revenue, with expectations to reach €30 million in 2022 and continue tripling this figure in subsequent years. This impressive growth underscores Factorial’s successful business model and the high demand for digital HR solutions among SMEs.
Summary
Factorial, headquartered in Barcelona, has become a benchmark for HR software innovation, helping SMEs worldwide automate and centralize their people management processes. With a strong focus on user-friendly solutions, rapid revenue growth, and a commitment to empowering businesses, Factorial continues to shape the future of work from its Barcelona base.
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