About Factorial Funds
Factorial Funds is a venture capital firm founded in 2021. It is primarily based out of Los Angeles, United States. As of May 2026, Factorial Funds is an active investor, having invested in 6 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in United Kingdom based startups. Its investments are spread across a wide range of sectors from High Tech to Consumer and Enterprise Applications. Most recently it participated in the $***** Series B round of Fractile Overall, Factorial Funds portfolio has seen 1 unicorn, namely Perplexity. A lot of funds co-invest with Factorial Funds, with names like Nvidia sharing a substantial percentage of its portfolio. Factorial Funds has team of 6 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Locations
Rounds of Entry
Seed & Series B
Portfolio Unicorns
Factorial Funds' List of Top Investments
Factorial Funds has a portfolio of 6 companies, one of which is a Unicorn. Their most notable investmentis in TwinTheir portfolio spans across France, United Kingdom and United States. They have invested in High Tech, Consumer, Enterprise Applications and 3 other sectors, across stages such as Seed, Series B stages. Here is the list of top investments by Factorial Funds:1. Perplexity
AI-powered search and answer generation. It enables users to ask complex questions and receive concise, well-sourced answers synthesized from multiple web sources. The platform combines natural language understanding with real-time web data to provide accurate, context-aware responses.
Key facts about Perplexity
- Founded Year: 2022
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $1.72B
- Employee Count: 1,370 as on Aug 31, 2026
- Investors: Oceanic Partners, T. Rowe Price and 66 Others
- Latest Funding Round: Angel, Dec 05, 2025, $*****
- Highlight: Editors' Pick
2. Fractile
Developer of AI chips for running large AI models. The company develops data center LLM inference accelerator for models with billions or hundreds of billions of parameters
Key facts about Fractile
- Founded Year: 2022
- Location: London (United Kingdom)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $260M
- Employee Count: 132 as on Aug 31, 2026
- Investors: Inovia Capital, Felicis Ventures and 22 Others
- Latest Funding Round: Series B, May 13, 2026, $*****
- Highlight: Editors' Pick
3. Nunu.ai
Provider of AI agents for automated game testing and quality assurance. The agents execute test cases like a human, identifying bugs through rendered frames and keyboard/mouse inputs. The system supports PC and mobile games, with plans for console expansion. It offers integration via SDK or black-box testing, adapting to game changes without intervention. The platform provides infrastructure for performance and scalability, including multiplayer simulation. It uses security practices and is working towards SOC 2 compliance.
Key facts about Nunu.ai
- Founded Year: 2022
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $8M
- Employee Count: 25 as on Aug 31, 2026
- Investors: Boost VC, Y Combinator and 7 Others
- Latest Funding Round: Seed, Mar 13, 2025, $*****
- Highlight: Editors' Pick
4. Twin
Developer of AI agents for automating complex operational workflows end-to-end. The company builds agents that directly control interfaces via web browsers. This allows automation of tasks on any application without API limitations. The agents adapt to interface changes without requiring script modifications.
Key facts about Twin
- Founded Year: 2023
- Location: Paris (France)
- Stage: Seed
- Total Funding till date: $3M
- Employee Count: 27 as on Aug 31, 2026
- Investors: Kima Ventures, Motier and 32 Others
- Latest Funding Round: Seed, Jan 31, 2024, $*****
- Highlight: Editors' Pick
5. UMA
Developer of general-purpose mobile and humanoid robots with human-level dexterity. The company designs robots with a deep understanding of the physical world. Pilot programs in logistics and manufacturing are planned. The company is building a multidisciplinary team to accelerate development.
Key facts about UMA
- Founded Year: 2025
- Location: Paris (France)
- Stage: Funding Raised
- Employee Count: 34 as on Aug 31, 2026
- Investors: Kima Ventures, Greycroft and 6 Others
Factorial Funds' Year-on-Year Investment Trends
In 2025, it made 1 investment, while as of May 2026, it has made 1 investment in this year. Its most recent first time investment was in Fractile.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 1 | 0 | 1 |
2024 | 3 | 0 | 3 |
Factorial Funds' Investments by Stage
Factorial Funds has made 3 investments in Seed stage with an average round size of $10.2M and 2 investments in Series B stage with an average round size of $147M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series B | 2 |
Note: We have considered here, only first round of investments
Factorial Funds' Investments by Sector
Factorial Funds has a diverse portfolio, with companies operating in the High Tech, Consumer, Enterprise Applications, Gaming and Industrial Goods and Manufacturing. Notably, it has invested in 6 Tech companies, 5 Enterprise (B2B) companies, 4 AI-Native companies and at least 4 companies focusing on Software.Sector | No. of Investments |
|---|---|
High Tech | 5 |
Consumer | 2 |
Enterprise Applications | 2 |
Gaming | 1 |
Industrial Goods and Manufacturing | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Factorial Funds' Investments by Geography
Factorial Funds has made most investments in United Kingdom (2), followed by United States where it has made 2 investments.Country | No. of Investments |
|---|---|
United Kingdom | 2 |
United States | 2 |
France | 1 |
Note: We have considered here, only first round of investments
Factorial Funds' recent investments
Factorial Funds has made 1 investments in 2026 so far - Fractile.Here are the most recent investments by Factorial Funds:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 13, 2026 | United Kingdom | Series B | 5246 | [+7] | |
Mar 13, 2025 | United States | Seed | 9073 | [+6] | |
Sep 25, 2024 | United Kingdom | Seed | 1932 | [+8] | |
Jan 31, 2024 | France | Seed | 9261 | [+30] | |
Jan 04, 2024 | United States | Series B | 6977 | [+13] |
Unicorns in Factorial Funds' Portfolio
Factorial Funds has 1 unicorn in its portfolio - Perplexity. The most recent unicorn in their portfolio is Perplexity which became a unicorn in 2024.Here is a list of unicorns in Factorial Funds' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
86 | AI-powered search and answer generation | 2022 | San Francisco | Series E | odopuqa |
Team profile of Factorial Funds
Factorial Funds has a team of 6 members including 3 Partners and 1 Principal located in United States, China and 1 more location. Factorial Funds' team does not sit on the board of any company as of now.Here is a list of all team members in Factorial Funds:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | ||
Partner | Amsterdam | - | - | |
Partner | Hong Kong | - | - | |
Principal | New York City | - | - |
Co-investors of Factorial Funds
Over the past 2 years, 110 investors have co-invested in Factorial Funds's portfolio companies. This includes funds and angels.
- Invested before Factorial Funds: IVP, New Enterprise Associates and 28 others have invested in rounds before Factorial Funds. There is 1 company where IVP has invested before Factorial Funds and 1 company where New Enterprise Associates has invested before Factorial Funds.
- Top Co-investors of Factorial Funds: 61 investors entered a company along with Factorial Funds. These include investors like Nvidia (1 company).
- Invested after Factorial Funds: A total of 19 investors have invested in Factorial Funds's portfolio after their investments. Top Investors include Daniel Gross (1 company), Stanley Druckenmiller (1 company) and Garry Tan (1 company).
Recent News related to Factorial Funds
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Catch Raises $5M Seed Funding to Scale its Autonomous AI Assistant for Executive Administrative TasksThe SaaS News•Sep 04, 2026•Catch, Entree Capital, Pitango, Seedcamp and 1 other
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Fractile Secures $220M for AI Chips Amidst Intense Market DemandStartupHub.ai•May 13, 2026•Fractile, Factorial Funds, Founders Fund, Accel and 6 others
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nunu.ai Completes $6 Million Seed Funding Round, Led by TIRTA Ventures and a16z speedrunPANews•Mar 13, 2025•Nunu.ai, TIRTA, Andreessen Horowitz, Factorial Funds and 5 others
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AI Visual Star Enterprise Luma AI Complete $ 90 million in financing, Amazon, AMD, etcPANews•Dec 06, 2024•Luma AI, AMD, Amazon, Factorial Funds and 5 others
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Ex-Nvidia duo score $21.5M to accelerate Vsim’s robot training tech by 100xTech Funding News•Sep 25, 2024•Vsim, EQT Ventures, Tru Arrow Partners, Xora Innovation and 6 others
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Nvidia-backed search engine startup valued at $520M after Series B funding roundProactive Investors•Jan 08, 2024•Perplexity, Nvidia, Amazon, IVP and 17 others
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Factorial Funds adds ILS & reinsurance investing to its strategiesArtemis•Jun 12, 2023•Factorial Funds
