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Factorial Funds Launches Second Fund with $200 Million

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MENLO PARK, Calif., May 20, 2025-- The venture firm, Factorial Funds, has launched its second institutional fund with $200 million in committed capital. Hyundai Motor Company in conjunction with Kia Corporation will serve as the fund's anchor investors. The fund will focus on investments across the AI value chain, cloud and data infrastructure, robotics, and rapidly scaling software.

Fund II builds on the momentum of Fund I, which backed early and growth stage companies. The firm partnered with emerging AI leaders such as Anthropic, Perplexity, xAI, Mistral, Ayar Labs, SpaceX and The Bot Company.

Factorial Funds was founded in 2021 by Sol Bier, who was part of the early team at Cruise Automation. Sol helped scale the company from a small autonomous vehicle startup to its $1 billion acquisition by General Motors in 2016. Following the acquisition, Cruise maintained operational independence and went on to raise over $3 billion from investors including SoftBank, Honda, and T. Rowe Price. Sol's time at Cruise—through its hypergrowth, breakthrough applications of AI in the physical world, and deep integration with a global automaker—shaped his perspective on building and backing generational companies, particularly in AI.

Contact:
Media Contact:
Courtney Dombek
courtney.dombek@factorialfunds.com

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