When was Factor founded?

Factor was founded in 2012 and raised its 1st funding round 1 year after it was founded.

Where is Factor located?

Factor is headquartered in Portland, United States.

How many employees does Factor have?

As of Jul 01, 2024, the latest employee count at Factor is 1 - 10.

Is Factor a funded company?

Factor is a funded company, having raised a total of $6.14M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 28, 2013.

When was the latest funding round of Factor?

Factor's latest funding was a $***** Seed round on Dec 13, 2021, with participation from 4 investors.

Where does Factor rank among its competitors?

Factor ranks 39th amongst 113 active competitors, of which 23 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Profluo, which secured $579K in Nov, 2025.

Who are the top competitors of Factor?

Factor's top competitors include Beroe, Nulogy and Achilles. Among them, Profluo secured the most recent funding round in November, 2025.

Factor - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of electronics procurement, warehousing, kitting, and delivery supply chain. The company offers artificial intelligence agents to discover suppliers and prices. It provides warehousing for component storage and custom kitting. The company delivers authenticated components to the manufacturer on schedule with traceability.

Website: www.factor.io
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Key Metrics

Founded Year

2012

Location

Portland, United States

Stage

Acquired

Total Funding

$6.14M in 2 rounds

Latest Funding Round

Seed, Dec 13, 2021, $*****

Investors

Gradient Ventures & 7 more

Ranked

39^th among 113 active competitors

Employee Count

1 - 10 as on Jul 01, 2024

Similar Companies

IAND & 44 more

Exit Details

Acquired by Cofactr (Feb 06, 2025)

View Factor's full profile

Factor got acquired by Cofactr on Feb 06, 2025.

Click here to take a look at Factor's acquisition in detail

Factor has raised a total funding of $6.14M over 2 rounds. Its first funding round was on Jun 28, 2013. Its latest funding round was a Seed round on Dec 13, 2021 for $*****. 4 investors participated in its latest round. Factor has 8 institutional investors.

Here is the list of recent funding rounds of Factor:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 13, 2021	7276022	Seed	4605855	8646598	2942284	9749193
Jun 28, 2013	9276484	Seed	3844281	7586108	2019042	8287940

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View details of Factor's funding rounds and investors

The founders of Factor are Alex Parkinson and Maciej Skierkowski.

Here are the details of Factor's key team members:

Alex Parkinson: Co-Founder & CTO of Factor.
Maciej Skierkowski: Co-Founder / CEO of Factor.

View details of Factor's Founder profiles and Board Members

Factor's employee count trend

Factor has 1 - 10 employees as of Jul 24. Here is Factor's employee count trend over the years:

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Top competitors of Factor include Beroe, Nulogy and Achilles. Here is the list of Top 10 competitors of Factor, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Beroe 2005, Raleigh (United States), Series B	Provider of procurement intelligence platform with AI-driven insights and data	$44.2M	Access Asset Managers, SRI Capital & 25 others	66/100
2nd	Nulogy 2002, Toronto (Canada), Series C	Developer of software for manufacturing, shop floor, supplier collaboration, and compliance	$25.5M	FedDev Ontario, Tola Capital & 9 others	65/100
3rd	Achilles 1990, Abingdon (United Kingdom), Acquired	Provider of supply chain risk management, compliance, and sustainability solutions	$82M	Hg, Silxo & 1 others	60/100
4th	Elm AI 2023, New York City (United States), Seed	SaaS and AI based supplier sustainability due diligence platform for businesses	$2.27M	Working Capital, Cornell University & 8 others	56/100
5th	Alkemics 2011, Paris (France), Acquired	PIM for interaction between FMCG brands and retailers	$51.6M	Highland Europe, Serena & 7 others	53/100
6th	APEX Analytix 1988, Greensboro (United States), Acquired	Audit management & supplier management solutions for businesses	$7M	Noro-Moseley Partners, Wakefield Group & 3 others	51/100
7th	Avetta 2003, Lehi (United States), Acquired	Provider of supply chain risk management and contractor compliance platform	$35M	Bessemer Venture Partners, Norwest & 5 others	51/100
8th	Wreno 2021, Phoenix (United States), Acquired	Online platform for hiring construction professionals	$6.1M	Lerer Hippeau, Owl Ventures & 8 others	50/100
9th	HICX 2004, London (United Kingdom), Series B	Provider of supplier management platform facilitating supplier information and process orchestration	$22M	Wavecrest Growth Partners, Espresso Capital ... & 4 others	49/100
10th	Profluo 2016, Bucharest (Romania), Seed	Business operation management applications	$1.11M	Seed Starter, Inspired Capital & 3 others	47/100
39th	Factor 2012, Portland (United States), Acquired	Provider of electronics procurement, warehousing, kitting, and delivery supply chain	$6.14M	Afore Capital, Xfund & 6 others	33/100