Growth Factory

Growth Factory is a venture capital firm based in Rocklin, California, dedicated to backing early-stage founders who transform bold ideas into successful companies. Over the past three years, their first fund has supported over 70 startups, providing not only capital but also the grit, clarity, and commitment necessary to achieve real wins across sectors like Big Data, Cloud, B2B SaaS, and AI. In October 2023, Growth Factory participated in a $3 million seed funding round for a healthtech company, demonstrating their active engagement in the venture capital landscape. Looking ahead, they are preparing to launch Fund II in the fourth quarter of 2025, which will introduce an in-house venture studio aimed at co-creating the next wave of transformational startups. This initiative underscores their mission to help ambitious founders accelerate their growth and success. The firm's leadership includes Managing Partner Rick Spencer, General Partners Ali Mackani and Mark Haney, and Senior Associate May Kolchak. Their advisory committee features industry leaders such as Kelly Resendez, CPO of GoodLeap, and D.J. Stephan, CEO of SkySlope. With a focus on sectors like Big Data, Cloud, B2B SaaS, and AI, Growth Factory continues to play a pivotal role in nurturing and scaling early-stage companies in the United States.