When was Provision founded?

Provision was founded in 2022 and raised its 1st funding round 4 years after it was founded.

Where is Provision located?

Provision is headquartered in London, United Kingdom.

Is Provision a funded company?

Provision is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Mar 06, 2026.

When was the latest funding round of Provision?

Provision's latest funding was a $***** Seed round on Mar 06, 2026, with participation from 1 investor. Its primary sector is GRC Software. In United Kingdom, the GRC Software sector has seen $500M in funding in 2026 to date.

Where does Provision rank among its competitors?

Provision ranks 6th amongst 289 active competitors, of which 8 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Provision, which secured $3.76M in Mar, 2026.

Who are the top competitors of Provision?

Provision's top competitors include 3SI Security Systems, Compliance.ai and TeamLease RegTech. Among them, Provision secured the most recent funding round in March, 2026.

Provision - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of legal technology automating investment fund side letter management. The platform supports structured workflows for managing investor obligations, MFN processes, and investor comments. It offers tools to extract and structure provisions from side letters and master documents. The platform also facilitates comparison of provisions across investors to identify differences.

Website: www.ilsprovision.com/
Social
Email ID: *****@intelligentlegalsolutions.co.uk

Key Metrics

Founded Year

2022

Location

London, United Kingdom

Stage

Seed

Total Funding

$3.76M in 1 round

Latest Funding Round

Seed, Mar 06, 2026, $*****

Investors

Chicago Ventures & 1 more

Ranked

6^th among 289 active competitors

Similar Companies

3SI Security Systems & 234 more

View Provision's full profile

Provision has raised a total funding of $3.76M over 1 round. Its latest funding round was a Seed round on Mar 06, 2026 for $*****. 1 investor participated in its latest round. Provision has 2 institutional investors.

Here is the list of recent funding rounds of Provision:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 06, 2026	3206219	Seed	8521974	6239995	2901818	9707279

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View details of Provision's funding rounds and investors

The founders of Provision are Jack McCarthy, Fergus Plant and Stefano Benigni.

Here are the details of Provision's key team members:

Jack McCarthy: Co-Founder of Provision and founder of 1 other company.
Fergus Plant: Co-Founder of Provision and founder of 1 other company.
Stefano Benigni: Co-Founder of Provision.

View details of Provision's Founder profiles and Board Members

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Top competitors of Provision include 3SI Security Systems, Compliance.ai and TeamLease RegTech. Here is the list of Top 10 competitors of Provision, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	3SI Security Systems 1971, Malvern (United States), Acquired	Provider of integrated security solutions for various sectors	-	Hilltop Private Capital, LLR Partners & 2 others	51/100
2nd	Compliance.ai 2016, San Francisco (United States), Acquired	Regulatory change management and regulatory intelligence solutions platform	$13M	Cota Capital, JAM FINTOP & 4 others	48/100
3rd	TeamLease RegTech 2013, Pune (India), Unfunded	Provider of compliance management software and services	-	-	48/100
4th	Libryo 2015, Cape Town (South Africa), Acquired	Cloud-based legal compliance management solution provider	$2.9M	Seedcamp, Nextlaw Ventures & 24 others	46/100
5th	Intelligize 2007, New York City (United States), Acquired	Provider of SEC compliance, transactional law, and financial reporting research	$5.01M	First Round Capital, REV & 1 others	45/100
6th	Provision 2022, London (United Kingdom), Seed	Provider of legal technology automating investment fund side letter management	$3.76M	Chicago Ventures, Aquiline Capital Partners	44/100
7th	Hanzo 2009, Portland (United States), Series A	Cloud-based legal compliance managment solutions provider	$10.8M	Recurring Capital Partners, Perscitus & 3 others	44/100
8th	Riliance 2008, Tarporley (United Kingdom), Acquired	Cloud-based risk management software provider	-	Independent Capital Investments	43/100
9th	Lexverify 2020, Birmingham (United Kingdom), Acquired	AI powered legal compliance management software	$1.14M	Midven, LegalTech & 5 others	42/100
10th	Verify 365 2020, Stratford-upon-Avon (United Kingdom), Unfunded	Platform offering legal compliance software	-	-	42/100