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- đź“ť Factorial raises $120M
đź“ť Factorial raises $120M
Liam Gill
March 20, 2025
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This tech company grew 32,481%..
No, it's not Nvidia. It's Mode Mobile, 2023’s fastest-growing software company according to Deloitte.
They’ve just been granted their Nasdaq stock ticker, and you can still invest at just $0.26/share.
*Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
*The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
*Please read the offering circular and related risks at invest.modemobile.com.
News of the Day
Barcelona-based HR tech unicorn Factorial has secured a $120M non-dilutive investment from General Catalyst’s Customer Value fund to fuel its sales and marketing efforts. Unlike traditional venture capital or debt, the investment will be repaid through gross profit from newly acquired customers, with GC bearing the downside risk if growth stalls. Factorial has now borrowed $200M from GC under this model, following an $80M injection in 2024. The funding comes as HR tech competition heats up, with rivals Deel and Rippling locked in a legal battle over alleged corporate espionage. Factorial, which saw sixfold revenue growth after shifting to a paid model, aims to expand while steering clear of industry drama.
Alexandr Wang on why Paul Graham’s “Schlep Blindness” essay was seminal for Scale AI
“One of the secrets to Scale AI — and I think this applies to almost every industry — was that the problem we were solving of building really high quality data sets was something that most… x.com/i/web/status/1…
— Startup Archive (@StartupArchive_)
11:50 AM • Mar 19, 2025
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Chart of the Day
Elon Dreams, Mode Mobile Delivers
As Elon Musk said, “Apple used to really bring out products that would blow people’s minds.”
Thankfully, a new smartphone company is stepping up to deliver the mind-blowing moments we've been missing.
Turning smartphones from an expense into an income stream, Mode has helped users earn an eye-popping $325M+ and seen an astonishing 32,481% revenue growth rate over three years.
They’ve just been granted the stock ticker $MODE by the Nasdaq, and you can still make an investment in their pre-IPO offering.
Are you looking to grow your business? Here is how I can help:
📱Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)
Onwards and Upwards,
