Breaking
JUL 2025 Datavations closes $17M Series A led by Forestay Capital SCALE 12,000+ stores tracked daily across home improvement retail RESULTS Customers report $120M in incremental orders won BACKERS Travis May (LiveRamp/Datavant) & Rusty Reed (ex-Procore CFO) invest MARKET Serving a $2.3T building materials industry JUL 2025 Datavations closes $17M Series A led by Forestay Capital SCALE 12,000+ stores tracked daily across home improvement retail RESULTS Customers report $120M in incremental orders won BACKERS Travis May (LiveRamp/Datavant) & Rusty Reed (ex-Procore CFO) invest MARKET Serving a $2.3T building materials industry
Datavations logo

Datavations, Inc. - New York City. The wordmark of a company reading 12,000 store shelves a day.

Company Profile - Retail Intelligence

Datavations

The AI-powered intelligence layer for the building materials and home improvement aisle - store-level, SKU-level, updated daily.

Founded 2020 New York, NY ~60 employees Series A - $17M
12k+
Stores tracked daily
$120M
Incremental orders won
$27M
Total funding raised
$2.3T
Industry served
The Dispatch

Reading the Hardware Aisle

Every year, manufacturers pour billions into making the products that fill the shelves of hardware stores and home-improvement chains. Then, once those products leave the loading dock, most of them lose sight of what happens next. Is the item in stock in Denver but sold out in Dallas? Is a competitor undercutting the price by store and by day? For decades, the answer was a shrug. Datavations was built to replace the shrug with a number.

Founded in New York in 2020 by Philip Odelfelt, Datavations is a market intelligence platform aimed squarely at one industry the big retail-data firms mostly skipped: building materials and home improvement. Where syndicators like NielsenIQ and Circana grew up serving grocery and packaged goods, Datavations went deep into the aisle of lumber, fasteners, fixtures, and power tools - a market it pegs at roughly $2.3 trillion. The company's pitch is direct: give suppliers the cross-retailer visibility that no single retailer can offer, and let them walk into merchant meetings with data the retailer across the table does not have.

"We started Datavations with a simple mission to democratize data access and enable transparency."
Philip Odelfelt - Co-Founder & CEO

What it actually does

At its core, Datavations aggregates store-level and SKU-level retail data - pricing, inventory, sales signals, assortment - across thousands of stores and stitches it into a single view. The platform tracks more than 12,000 stores daily. For a national account manager selling drills into a big-box chain, that means knowing not just how their product is doing, but how the whole category moves, where the shelf gaps are, and which stores are quietly running out of stock.

The value proposition rests on a piece of asymmetry that is easy to miss: a retailer knows everything about its own stores, but a supplier sells across many retailers and can see none of them clearly. Datavations flips that relationship. By assembling what it calls "cross-retailer truth," it hands the supplier a vantage point the individual retailer structurally cannot have.

Who it is for

The buyers are commercial and insights roles inside manufacturers and distributors - VPs of Sales, National Account Managers, Category Managers, and Insights Managers. These are the people who prepare for line reviews, argue for shelf space, and defend pricing. The results Datavations customers report are concrete: around $120 million in incremental orders won, roughly 20% margin improvement, and about 15% share growth. Those are the company's figures, drawn from its own platform, but they map cleanly to the three decisions the product is built around - what to stock, where to stock it, and what to charge.

"Until now, teams have been forced to operate with lagging indicators, gut feel, and fragmented data."
Philip Odelfelt - Co-Founder & CEO

The problem it solves

Building materials has long run on lagging indicators: monthly sell-through reports, spreadsheets emailed between teams, and the instinct of experienced reps. That works until it doesn't - until a stockout goes unnoticed for weeks, or a competitor's price move erodes margin before anyone catches it. Datavations compresses that lag. Its Commerce Alert Hub monitors pricing, sales, and inventory trends and surfaces real-time alerts when something moves, turning what used to be a quarterly post-mortem into a same-day signal.

The Toolkit

Four Modules, One Shelf

01 - MEASURE

Measure

Track competitors, pricing, sales, and category trends across retailers to see how products perform against the whole market.

02 - ASSORTMENT

Assortment Optimization

Identify assortment gaps and build the SKU-level evidence needed to justify placements and win line reviews.

03 - INVENTORY

Inventory Optimization

Detect stockouts and imbalances at store level to recover lost sales and right-size stock across the network.

04 - PRICE

Price Optimization

Set and monitor pricing by SKU, by store, and by day, informed by elasticity and competitive positioning.

05 - ALERTS

Commerce Alert Hub

Real-time monitoring of pricing, sales, and inventory that flags stockouts, price changes, and market events as they happen.

06 - PLAYBOOKS

PLR Playbooks & Custom Solutions

Productized line-review templates plus hands-on analyst engagements for bespoke competitive intelligence.

The Model

How the Business Works

Business model

A B2B SaaS subscription selling store-level and SKU-level intelligence to manufacturers and distributors, complemented by analyst-led custom solutions and productized playbooks.

  • Recurring platform subscriptions
  • Custom analyst engagements
  • Productized line-review (PLR) playbooks
  • Sold to VP Sales, National Account & Category Managers

What makes it different

  • Built exclusively for building materials & home improvement
  • Daily store-level and SKU-level granularity
  • "Cross-retailer truth" no single retailer can see
  • Real-time alerts instead of monthly lagging reports
  • Vertical depth where CPG syndicators stay broad
The Landscape

Where It Fits

The market

Datavations serves the building materials and home improvement supply chain - a roughly $2.3 trillion global industry, with the North American home improvement market projected to reach about $615 billion by 2029. It sits between manufacturers and the retail shelf, turning fragmented retail data into supplier-side decisions.

The alternatives

Broad retail and CPG data syndicators - NielsenIQ, Circana, Numerator, SPINS - plus platforms like Bedrock Analytics and Singular Intelligence operate in adjacent retail intelligence. Datavations differentiates by focusing only on building materials with daily store-level granularity the horizontal players do not offer.

"Datavations is tackling a long-standing blind spot in the building materials industry."
Labinot Brahimi - VP, Forestay Capital
The Money

Funding the Climb

Rounds to date

Seed - Aug 2023$4.2M
Series A - Jul 2025$17M

Total raised to date: roughly $27 million. The Series A was led by Forestay Capital, funding North American expansion and product development.

Who's backing it

  • Forestay Capital (lead, Series A)
  • Morpheus Ventures
  • Sage Venture Partners
  • Nevcaut Ventures
  • Jay Steinfeld (Blinds.com founder, board)
  • Travis May (LiveRamp / Datavant)
  • Rusty Reed (former Procore CFO)
The Team

Who's Building It

PO

Philip Odelfelt

Co-Founder & CEO
JL

Jacob Lucas

Co-Founder & Lead Engineer
BW

Bret Weinberg

EVP, Commercial
EB

Erik Brue

Chief Operating Officer
"This team has built something truly exceptional."
Jay Steinfeld - Founder of Blinds.com & Datavations board member
The Record

A Short History

2020

Datavations founded

Philip Odelfelt launches the company in New York to bring modern retail analytics to building materials and home improvement.

2023

$4.2M Seed round

A fully-subscribed Seed round closes in August, scaling the retail analytics platform.

2024

Platform expansion

Core modules - Measure, Assortment, Inventory, and Price Optimization - build out alongside productized line-review playbooks.

2025

$17M Series A

Forestay Capital leads a July round bringing total funding to about $27M, funding North American expansion.

Questions

Frequently Asked

What does Datavations do?

Datavations is an AI-powered market intelligence platform that gives building materials and home improvement manufacturers granular, store-level and SKU-level visibility into pricing, inventory, assortment, and sales across retailers.

Who founded Datavations and when?

It was founded in 2020 by Philip Odelfelt, Co-Founder and CEO, alongside co-founder and lead engineer Jacob Lucas. The company is headquartered in New York City.

How much funding has it raised?

Datavations raised a $4.2M Seed round in August 2023 and a $17M Series A in July 2025 led by Forestay Capital, bringing total funding to roughly $27 million.

Who are its customers?

Manufacturers and distributors in building materials and home improvement - typically VPs of Sales, National Account Managers, and Category or Insights Managers selling into big-box and pro retail channels.

How is it different from Nielsen, Circana, or SPINS?

Unlike broad CPG data syndicators, Datavations focuses exclusively on the building materials and home improvement vertical, offering daily store-level and SKU-level granularity tailored to that industry.

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