Signal Data Raises $2M in Expanded Series A Round Led by Atlas Venture and Launches Its Revolutionary Retail Analytics Platform
Big Data Software Platform That Uncovers Hidden Relationships to Predict Retailers' Profitability
NEW YORK, NY, July 31, 2013-- Signal Data Corporation, a provider of a retail location data and analytics software for financial firms and retailers, today announced that it has secured Series A funding from Atlas Venture that along with existing investors has expanded its Series A round by $2M.
Signal Data also launched Signal Retail, the first product to score the quality of all US retail and restaurant locations based on comprehensive competition, demographics, and local economic conditions. Signal Retail has a roster of high profile clients, including leading hedge funds, mutual funds, pension funds, and a multi-billion dollar retailer. Signal's clients are using its product to invest millions of dollars by estimating the remaining expansion opportunity for retail concepts, assessing the quality of new store openings, and analyzing the impact of competitors' new store openings.
Signal Retail is the first industry product on a multi-industry data and analytical software platform. While most existing financial data platforms repackage SEC and stock price data, all of Signal's products leverage disparate and highly valuable operational data to discover the root causes of companies' profitability by deconstructing companies into their smallest component parts.
Signal's co-founders, Steve Blose and Greg Metro, have brought together their strong hedge fund and private equity investment track record with two experienced financial technology executives, Jeff Parker and Roland Beaulieu. Mssrs. Parker and Beaulieu together have over 60 combined years of financial data executive experience and together have built, scaled and sold First Call, CCBN, and First Coverage. In addition to both investing in Signal, Jeff Parker leads Signal as its Chairman and Roland Beaulieu manages Signal as its CEO. "We see the incredible value of Signal's data validated by strong client demand with clients using Signal's data to drive their most important investment decisions," said Jeff Parker, Signal's Chairman.
ABOUT SIGNAL DATA CORPORATION
Founded in 2010, Signal Data Corporation provides a proprietary retail analytics software platform for investors, lenders, retailers, and real estate owners. The platform offers original analytics, operational data, and mapping analysis and is the only product in market that analyzes the quality of U.S. based retailers' locations on a comprehensive and updated basis. Signal Data Corporation is a privately held company headquartered in New York, NY. For more information about Signal Data Corporation please call (646) 560-5401 or visit https://www.signaldataco.com/.
ABOUT ATLAS VENTURE
Atlas Venture is a leading early-stage venture capital firm that invests in technology and life sciences companies. Since inception in 1980, the company has helped build over 350 companies in more than 16 different countries. Atlas Venture is currently investing from its ninth fund. For more information, please visit www.atlasventure.com.
If you would like more information on Signal, or to schedule an interview with Steve Blose or Roland Beaulieu, please call Steve Blose at (646) 560-5401 or Roland Beaulieu at (617) 285-5258 or e-mail them at email@example.com and firstname.lastname@example.org
Downloadable Venture Capital Database