FactorialHR, an end-to-end talent acquisition and management firm, has raised $80 million in a Series B funding led by U.S.-based investment firm Tiger Global Management.
Headquartered in Spain, Factorial provides services in North and Latin America and Europe. It’s integrated with LinkedIn and Indeed to allow multiple channel job postings.
The firm was founded in 2016 and saw its team grow from 39 to 253 in 2019. Recently, it opened an office in Mexico City. Its valuation reached $500 to $550 million and it has served 75,000 customers across 65 countries, according to TechCrunch.
With the new funding, FactorialHR plans to double its team over the next few months and open offices in Brazil and North America.
“We will also continue expanding our tools to become a true all-in-one people data platform that organizations can use to grow their businesses,” CEO Jordi Romero wrote in a blogpost.
This investment was the second big recorded investment in HR tech space this month after background screening vendor Checkr raised $250 million to expand end-to-end recruitment services.
The Series B also saw participation from previous investors CRV, Creandum, Point Nine Capital, and K Fund, bringing the total funding amount to $100 million, including $16 million Series A raised in April last year.