# Hence Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hence-technologies

- Industry: Software
- Headquarters: London, UK
- Website: www.hence.ai
- Total disclosed funding: $1.8M
- Latest round: Seed (Mar 18, 2022)
- Investors on record: 2

## About

Based in London, UK, and founded in 2020 by CEO Steve Heitkamp, Arun Shanmuganathan, and Sean West, Hence Technologies LTD, f.k.a. Profetech Global Ltd. takes control of consulting and legal relationships for the businesses through the use of artificial intelligence (AI) and data. In March 2022, Hence Technologies LTD raised USD 1.8 million in seed funding from Broad Creek Capital and Daybreak Partners.

Hence Technologies helps in matching clients’ internal legal teams with external legal service providers by using data from multiple sources, which allows the company to recommend lawyers based on location, assignment, and cost considerations. The company integrates both qualitative and quantitative data from different sources, such as client’s billing systems in order to develop recommendation systems for businesses to make better decisions.

The company plans to use its proceeds from March 2022 funding to grow its team and marketing.

## Funding rounds

- Seed, Mar 18, 2022, $1.8M — Broad Creek Capital, Daybreak Partners

## Investors

- Broad Creek Capital (https://capitalatlas.ai/funds/broad-creek-capital) — Seed
- Daybreak Partners (https://capitalatlas.ai/funds/daybreak-partners) — Seed