Spain-based Factorial announced a Series A funding round of USD $16.4 Million for its HR platform focused on the middle market. Globally, core-HR software for the middle market is still dominated by payroll providers and legacy (read old) software technology. This is an opportunity for modern tech providers that look to provide a better employee and user experience, automating processes and capturing data to empower HR and People Ops to make more effective business decisions and freeing them up to work on more strategic projects. The Factorial platform looks to extend across the entire employee lifecycle, or attempt to.
Source: FACTORIAL RAISES $16 M – Spain’s Largest Funding Round of 2020!