Fact Sheet
GrowthFactor
The site selection platform where retail teams analyze locations, manage deal pipelines, and verify decisions with expert analysts — all in one place. Replaces the patchwork of spreadsheets, mapping tools, and legacy platforms that slow expansion decisions.
Company overview
- Company
- GrowthFactor
- Founded
- 2023
- Headquarters
- Boston, MA
- Funding
- $5.2M Seed (Teamworthy Ventures, March 2026)
- Accelerator
- MIT delta v (2025 cohort)
- Founders
- Clyde Anderson (CEO), Raj Shrimali (CTO), Sam Hall (COO) — met at MIT Sloan
Key metrics
$5.2M
Seed funding raised
$1M
Recurring revenue
30+
Retail customers
4,500+
Sites analyzed in last 6 months
What it replaces
A typical retail real estate team uses 5-10 disconnected tools for site selection: Placer.ai for foot traffic, Esri for demographics, spreadsheets for pipeline tracking, broker emails for deal flow, and internal decks for committee presentations. GrowthFactor consolidates all of it into one platform with transparent, explainable AI scoring — what the company calls the “Glass Box” approach, where every forecast variable is visible, adjustable, and defensible.
Customer results
Cavender's Western Wear
Tripled new store openings — from 9 in 2024 to 27 in 2025
Books-A-Million
8.9x ROI; 3x more stores opened with same headcount; 25 hours saved per week per analyst
TNT Fireworks
153 locations opened in under 6 months, 10x more sites brought to committee
Media contact
hello@growthfactor.ai
growthfactor.ai