Signal Data Corporation, a New York, NY-based provider of a retail location data and analytics software for financial firms and retailers, secured $2M in Series A funding.
Backers included Atlas Venture and existing investors.
Signal Data also launched Signal Retail, a product that scores the quality of all US retail and restaurant locations based on comprehensive competition, demographics, and local economic conditions. Clients include hedge funds, mutual funds, pension funds, and an unnamed multi-billion dollar retailer, which use the product to estimate expansion opportunities for retail concepts, assess the quality of new store openings, and analyze the impact of competitors’ new store openings.
Co-founded by Steve Blose and Greg Metro, hedge fund and private equity industry veterans, the company is led by Jeff Parker (Chairman) and Roland Beaulieu (CEO).