From a 1BR apartment to $10.7M Seed Round lead by @generalcatalyst
What was GeoSpy is now Raven. We are turning the physical world into real-time search.
🇺🇸
BREAKING: Spanish @factorialapp has JUST raised a WHOPPING $150m Series D at $2.5bn valuation! 🇪🇸
The round was led by @generalcatalyst (@pranavsinghvi), who have also committed an additional $540m through its Customer Value Fund.
This is AMAZING news for one of the top companies coming out of Spain.
I spoke to Founder and CEO Jordi and discussed:
0:00 - Introduction
0:21 - General Catalyst invests $150m in Factorial
1:10 - Why raise capital now?
2:28 - The relationship with General Catalyst
3:55 - How the Customer Value Fund works
5:24 - From HR software to AI-native workforce operations
9:00 - Leading AI transformation inside a company
11:18 - Why Europe is a great place to build
13:16 - Barcelona’s startup ecosystem
15:52 - Lessons from Silicon Valley
18:21 - Building a company for the long term
19:57 - What Factorial looks for when hiring
Congrats @jordiromero, @bernatfarrero, Pau Ramon Revilla, and the rest of the Factorial team!
Grindmaxxing is a cultural phenomenon that come backs every bull cycle (same discourse happened in 2021).
One thing I always think about is that for the most successful people I know, I just can’t imagine them doing this.
Zuck, the Collisons, Sam, Dario, etc. Can you imagine any of them doing the performative stuff? They’re all too busy.
@NWischoff > For the deals done by mega-funds, they tend to be much larger ($8-10M round size)
This is not true at least for us.
But FWIW since I’ve been both an EM and now at a larger platform, LPs often ask me about room for EMs in today’s market and I’m very optimistic 🤷♂️
We are quadrupling down on @AnthropicAI. This is the largest single investment in @generalcatalyst history.
We first invested four rounds ago (March '25 at $61.5b) because of the tech and the soul. It's been a privilege to watch Anthropic grow into one of the world's most important companies.
“The digital world lacks physical information. The physical world lacks dense digital information. Games perfectly merge these two together, and we believe that’s just the next phase of pretraining.”
Every few weeks @gen_intuition ships new emergent capabilities that are orthogonal to anything you see in the LLM world.
Watch GC’s @max_rimpel in conversation with @PimDeWitte.
Chapters
00:00 — Introduction
00:10 — The World's Biggest Private RuneScape Server
03:09 — From RuneScape to Ebola
07:41 — Mapping the Unmappable
09:47 — Why LLMs Can't See the World
13:45 — The Accidental Foundation of General Intuition
19:10 — Turning Down a Life-Changing Acquisition Offer
21:12 — One Foot in Front of the Other
24:04 — Atoms to Atoms
27:33 — The Talent Flywheel
30:20 — Protecting the Last Weird Corner of the Internet
ICEYE has secured a €300M revolving credit facility (RCF) to support rapid global growth. Backed by seven banking partners, the RCF reflects continued confidence in ICEYE’s business and access to diverse capital.
Read the full press release here: https://t.co/2Cza5oZYe4
I love how heavily @SpaceX leaned into photography in their S-1. The first 15 pages are all pictures, many of which have no explanation at all.
It just makes you... feel.
Solar in 2025 grew 19x faster than experts at the International Energy Agency predicted in 2015.
Solar is now the fastest growing electricity source in human history.
Europe imports 60% of its energy.
That should be a wake-up call for the energy sector.
@harveyhodd and @Rivanindustries are building the next generation of fuels here in Europe.
They’re using infrastructure that is already in place to help take on one of the continent’s biggest dependencies.
This is a MASSIVE problem to solve.