&facts
❓ Business Model
- &facts provides real-time insights into consumer behaviours, needs and motivations for brands using real-world data
- They make money through charging a monthly subscription.
📈 Traction
- Processing millions of data points for every insights report
- Insights used by 100s of brands so far including Unilever, Havas and Beko.
- 60% quarter-on-quarter user growth.
- Pre-Seed raised with VC backing including SFC Capital.
🌱Founding Team
- Sohaib Ahmed (Founder & CEO)
- Chartered Accountant.
- Previously working in Banking & Financial Services
📖 Story
Sohaib's realisation of the vast data resources available to large businesses, compared to the limited data access for smaller, growing brands, was a pivotal moment in his career.
Working in banking and financial services, he saw the stark contrast between how big corporations leveraged data and how smaller entities often relied on guesswork and trial-and-error.
This disparity led him to create &facts.
His vision is to level the playing field, providing growing brands with the same tools and insights to make data-driven decisions as the very largest brands. By creating &facts, Sohaib aimed to transform data analysis and market research from a complex, resource-heavy process to an accessible, easy-to-use platform.
This platform now empowers hundreds of growing brands with actionable insights, enabling them to compete more effectively in the market and make informed decisions for sustainable growth.
👀 Reasons to watch
- With consumer behaviour shifting rapidly due to factors like the cost of living crisis and changing social attitudes, brands struggle to keep pace. &facts addresses this by providing real-time insights, allowing brands to adapt swiftly to these changes. This agility is vital in today's fast-evolving market landscape.
- Traditional market research methods like surveys often yield biased, idealistic responses. &facts circumvents this by harnessing billions of real-world consumer signals, offering a true reflection of consumer behaviour. This approach ensures more accurate and actionable insights for brands.
- The current market research often misses fleeting opportunities due to it being slow and unresponsive. &facts offers an 'always-on' platform, enabling brands to stay ahead and capitalise on emerging trends and opportunities as they arise, keeping them at the forefront of their industries.
- The £80bn market research industry, often seen as stagnant and specialised, is ripe for transformation. &facts brings market research into the modern age, making it accessible to anyone. This democratisation of data empowers individuals at all levels, fostering informed decision-making across the board.
➕Further reading
- https://albion.vc/spotlight/deep-dives/data-market-map-2023/
- https://techround.co.uk/saas-66/62-facts/
- https://www.preseednow.com/p/andfacts
- https://www.einnews.com/pr_news/619927636/facts-joins-nvidia-inception
- https://www.computerweekly.com/news/252524663/Tech-Nation-Libra-programme-accepts-35-scaleups-for-second-cohort