Factorial Raises 150 Million Dollars in Series D Funding Led by General Catalyst

In a press release, Factorial announced it has raised 150 million dollars in a Series D funding round led by General Catalyst, valuing the company at 2.5 billion dollars. This makes Factorial one of the most valuable AI scale ups in Europe.

General Catalyst has taken a direct equity stake in Factorial for the first time. Other participants in the round include Atomico and Four Rivers. Alongside the equity investment, General Catalyst is providing up to an additional 540 million dollars through its Customer Value Fund to finance sales and marketing activities without further dilution.

The total committed capital now exceeds 700 million dollars. Factorial plans to use the funding to expand its operations in European markets, with a focus on Germany, and to continue its transition from a software as a service company to an AI based workforce operations platform.