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
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI tools are used to enhance contracting processes.
Instant AI tools are provided for contract lifecycle.
Advisory services are offered for legal model evolution.
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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series C — $36.3M
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First Round
First Round
(08 Oct 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Series C - Factor | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Factor
Factor has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Theory and Principle. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
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|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Digital products for legal firms are designed and developed.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Factor
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Factor Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Legal consultation services are accessed via vetted law firms.
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| domain | founded_year | HQ Location |
E-filing platform for legal case data and documents is provided.
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| domain | founded_year | HQ Location |
Integrated solutions for P&C insurance claims management are offered.
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| domain | founded_year | HQ Location |
Cloud-based software for enterprise legal management is offered.
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| domain | founded_year | HQ Location |
Tech-enabled legal services are offered via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Factor
Frequently Asked Questions about Factor
When was Factor founded?
Factor was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Factor located?
Factor is headquartered in Belfast, United Kingdom. It is registered at Belfast, Northern Ireland, United Kingdom.
Who is the current CEO of Factor?
Varun Mehta is the current CEO of Factor.
Is Factor a funded company?
Factor is a funded company, having raised a total of $36.32M across 1 funding round to date. The company's 1st funding round was a Series C of $36.32M, raised on Oct 08, 2020.
How many employees does Factor have?
As of Jan 31, 2022, the latest employee count at Factor is 253.
What is the annual revenue of Factor?
Annual revenue of Factor is $32.07M as on Dec 31, 2021.
What does Factor do?
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.
Who are the top competitors of Factor?
Factor's top competitors include ABC Legal, LegalShield and Legasis.
What products or services does Factor offer?
Factor offers AI-Integrated Contracting, SenseDesk, and Legal Operations Consulting.
How many acquisitions has Factor made?
Factor has made 1 acquisition, including Theory and Principle.
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