| Type | Private |
|---|---|
| Industry | retail, software, SaaS, cloud computing, mobile commerce, e-commerce |
| Founded | 2015 |
| Founder | Stephan Schambach |
| Headquarters | Boston, MA, United States |
Area served | Worldwide |
Key people |
|
Number of employees | ~ 200 (2023) |
| Website | newstore.com |
NewStore, Inc. provides Omnichannel-as-a-Service for enterprise retail brands worldwide. Its mobile-first, modular cloud platform includes point of sale (POS), order management (OMS), inventory, store fulfillment, clienteling, and native consumer app solutions.
The company was founded in 2015 by Stephan Schambach, who also founded Intershop Communications and Demandware, which was acquired by Salesforce in 2016 for US$2.8 billion. It is headquartered in Boston, USA with offices in Berlin, Germany and Utrecht, Netherlands. It received a Series A investment of US$38M in September 2015 and Series B investment of US$50M in July 2017. Additionally, the company raised US$45M in Series B-1 financing in July 2021, a strategic investment to accelerate company growth.
Funding
| Funding Round | Amount | Led By |
|---|---|---|
| Series B-1 | $45M | N/A |
| Strategic | $20M | Salesforce Ventures |
| Series B | $50M | Activant Capital |
| Series A | $38.4M | General Catalyst |
References
- ↑ "30 Millionen Dollar für ein geheimnisvolles E-Commerce-Startup". Gründerszene Magazin (in German). Retrieved 2017-02-23.
- ↑ "NewStore, Inc.: Private Company Information – Bloomberg". www.bloomberg.com. Retrieved 2017-02-23.
- ↑ "Stephan Schambach Launches NewStore, Secures $38 Million in Funding, and Signs Leading Luxury Fashion Brands". www.businesswire.com. 30 September 2015. Retrieved 2017-02-23.
- ↑ "E-Commerce Entrepreneur's Fortune Jumps 65% On Sale To Salesforce". forbes.com. Retrieved 2017-02-23.
- ↑ "Die vier Gewinner sind alle Digital Natives und volldigital unterwegs". horizont.net (in German). Retrieved 2018-07-20.
- ↑ "NewStore Bags $20M After Ex-Victoria's Secret, TJX CEOs Join Board". xconomy.com. 21 May 2018. Retrieved 2018-07-20.
- ↑ "Apple-based retail tech shows mobile at the core of commerce". zdnet.com. Retrieved 2018-07-20.
- ↑ "NewStore Charts Path for the Future of Retail with the Addition of Native Consumer Apps to the NewStore Omnichannel Platform". prnewsire.com (Press release). Retrieved 2022-01-13.
- ↑ "MACH Alliance Welcomes NewStore, Validating Best of Breed Omnichannel Technology". prnewsire.com (Press release). Retrieved 2022-01-13.
- ↑ "Untuckit invests in physical store network". Chain Store Age. 2018-10-22. Retrieved 2019-06-21.
- ↑ "Outdoor Voices updates its in-store tech to expedite and simplify the shopping experience". Glossy. 2019-06-13. Retrieved 2019-06-21.
- ↑ "Digital Transformation Propels Burton's Omnichannel Growth Plans". Retail TouchPoints. 2020-07-29. Retrieved 2023-01-13.
- ↑ "Vince Taps NewStore for In-store Omnichannel Platform". WWD. 2022-02-17. Retrieved 2023-01-13.