About Factor
Factor is a company based in Belfast (United Kingdom) founded in 2019. It operates as a AI-as-a-Service, Professional Services, and Managed Services. Factor has raised $36.32 million across 1 funding round. The company has 253 employees as of January 31, 2022. Factor has completed 1 acquisition, including Theory and Principle. Factor offers products and services including AI-Integrated Contracting, SenseDesk, and Legal Operations Consulting. Factor operates in a competitive market with competitors including LegalShield, ABC Legal, Enlyte, Legasis and Aatos, among others.
- Headquarter Belfast, United Kingdom
- Employees 253 as on 31 Jan, 2022
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Sectors
Professional & Legal Services
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Phone
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Website
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Social
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- Legal Name Factor Law Ltd
- Date of Incorporation 21 Jan, 2019
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$32.07 M (USD)49as on Dec 31, 2021
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Net Profit
$491.74 K (USD)-13as on Dec 31, 2021
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EBITDA
$652.07 K (USD)-16as on Dec 31, 2021
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Total Equity Funding
$36.32 M (USD)
in 1 rounds
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Latest Funding Round
$36.32 M (USD), Series C
Oct 08, 2020
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Investors
Not available
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Employee Count
253
as on Jan 31, 2022
- Investments & Acquisitions
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Products & Services of Factor
Factor offers a comprehensive portfolio of products and services, including AI-Integrated Contracting, SenseDesk, and Legal Operations Consulting.
AI tools are used to enhance contracting processes.
Instant AI tools are provided for contract lifecycle.
Advisory services are offered for legal model evolution.
People of Factor
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Funding Insights of Factor
Factor has successfully raised a total of $36.32M through 1 strategic funding round. The most recent funding activity was a Series C round of $36.32 million completed in October 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investments & Acquisitions by Factor
Factor has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Theory and Principle.
Investment portfolio details for Factor
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Digital products for legal firms are designed and developed.
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Complete acquisition details for Factor
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Financial Statements - Factor
Detailed financials for Factor
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Factor Comparisons
Peer comparison for Factor
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Competitors of Factor
Factor operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LegalShield, ABC Legal, Enlyte, Legasis and Aatos, among others.
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Legal consultation services are accessed via vetted law firms.
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E-filing platform for legal case data and documents is provided.
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Integrated solutions for P&C insurance claims management are offered.
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Cloud-based software for enterprise legal management is offered.
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Tech-enabled legal services are offered via an online platform.
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Detailed competitors of Factor
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Latest news on Factor
Complete news archive for Factor
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Frequently Asked Questions about Factor
Factor was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Factor is headquartered in Belfast, United Kingdom. It is registered at Belfast, Northern Ireland, United Kingdom.
Varun Mehta is the current CEO of Factor.
Factor is a funded company, having raised a total of $36.32M across 1 funding round to date.
As of Jan 31, 2022, the latest employee count at Factor is 253.
Annual revenue of Factor is $32.07M as on Dec 31, 2021.
Factor is involved in modernizing legal operations through AI integration. Services are provided across contract management, legal operations consulting, and AI enablement. The company operates in sectors like clinical trial agreements, commercial contracts, and capital markets. AI-driven tools and solutions are developed to accelerate contract lifecycles and enhance efficiency. A hybrid workforce model is supported by combining legal expertise with technology. Factor also fosters innovation through communities and training programs like Sense Collective and Sensemaker Academy.
Factor's top competitors include ABC Legal, LegalShield and Legasis.
Factor offers AI-Integrated Contracting, SenseDesk, and Legal Operations Consulting.
Factor has made 1 acquisition, including Theory and Principle.