We’re proud to share that Factal has raised a $3.3 million Series A investment led by Arthur Ventures with participation from SeaChange Fund, our lead seed investor. Factal has been profitable for the last five months amid rapid growth, and this incremental investment will help us accelerate our product development to meet the increasing demand for new features and services. The company remains controlled by the three founders. Here’s the press release.
We call our clients “members” at Factal, and we can’t thank them enough for their trust and support. Since our launch two and a half years ago, many of the world’s largest and best-known companies have joined Factal. Revenue has more than doubled in the last year, and Factal has a growing reputation for outstanding customer service and business practices.
We’d also like to thank our incredible team. Secluded in our homes during the pandemic, we’ve rapidly expanded our verified breaking news coverage, launched a steady stream of innovative features and rolled out free journalism resources. We’ve grown to 28 people – some we have yet to meet in person – with many more on the way (come work with us!)
From climate change and disease to disinformation, the world is more fragile and interconnected than ever. Faced with a deluge of uncertain real-time information, companies rely on Factal to understand what’s really happening and how they’re impacted by it. We provide lightning-fast verification, pinpoint proximity mapping, customized alerting and real-time collaboration features. Our members span physical security, global risk intelligence, continuity of operations, emergency management, supply chain management and executive protection.
We’re particularly proud of our NGO members. Founded on a public service mission, Factal now provides free, unlimited access to more than 80 of the largest disaster response, humanitarian aid and human rights nonprofits in the world. Not only do they rely on Factal to help protect their staff and volunteers, but also to expedite relief and aid to people who are suffering the most. If you’re interested in becoming a free NGO member, please visit here.
What a journey it’s been. As 2016 came to a close, NBC shut down the popular consumer service BreakingNews.com and the Breaking News app for a lack of revenue. We were devastated, but thanks to encouragement from our users, several of us regrouped to form Factal. After securing a $1.2 million seed round led by Seachange Fund, Factal launched in October of 2018 as a software-as-a-service (SaaS) platform. Based in Seattle, we also opened a London office to cover the world around the clock.
The transformation from a defunct unit of NBC News to a thriving journalism startup in the space of four years has been a remarkable experience. To everyone who believed in us, we thank you. Just like before, Factal approaches breaking news in a fundamentally new way, applying journalists and technologists together to solve new information problems in an increasingly volatile world. And we’re just getting started.
To learn more about Factal, please visit Factal.com or send us an email at hello at factal dot com.