NewStore

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.

NewStore, Inc.
TypePrivate
Industryretail, software, SaaS, cloud computing, mobile commerce, e-commerce
Founded2015
FounderStephan Schambach
HeadquartersBoston, MA, United States
Area served
Worldwide
Key people
  • Stephan Schambach
  • (CEO & Founder)
  • Rick Berger
  • (President)
  • Marcus Bittrich
  • (CPO)
  • Phil Granof
  • (CMO)
Number of employees
~ 200 (2023)
Websitenewstore.com

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 RoundAmountLed By
Series B-1 $45M N/A
Strategic $20M Salesforce Ventures
Series B$50MActivant Capital
Series A$38.4MGeneral Catalyst

[1] [2] [3] [4] [5] [6] [7] [8] [9]

References

[10][11][12][13]

  1. "30 Millionen Dollar für ein geheimnisvolles E-Commerce-Startup". Gründerszene Magazin (in German). Retrieved 2017-02-23.
  2. "NewStore, Inc.: Private Company Information – Bloomberg". www.bloomberg.com. Retrieved 2017-02-23.
  3. "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.
  4. "E-Commerce Entrepreneur's Fortune Jumps 65% On Sale To Salesforce". forbes.com. Retrieved 2017-02-23.
  5. "Die vier Gewinner sind alle Digital Natives und volldigital unterwegs". horizont.net (in German). Retrieved 2018-07-20.
  6. "NewStore Bags $20M After Ex-Victoria's Secret, TJX CEOs Join Board". xconomy.com. 21 May 2018. Retrieved 2018-07-20.
  7. "Apple-based retail tech shows mobile at the core of commerce". zdnet.com. Retrieved 2018-07-20.
  8. "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.
  9. "MACH Alliance Welcomes NewStore, Validating Best of Breed Omnichannel Technology". prnewsire.com (Press release). Retrieved 2022-01-13.
  10. "Untuckit invests in physical store network". Chain Store Age. 2018-10-22. Retrieved 2019-06-21.
  11. "Outdoor Voices updates its in-store tech to expedite and simplify the shopping experience". Glossy. 2019-06-13. Retrieved 2019-06-21.
  12. "Digital Transformation Propels Burton's Omnichannel Growth Plans". Retail TouchPoints. 2020-07-29. Retrieved 2023-01-13.
  13. "Vince Taps NewStore for In-store Omnichannel Platform". WWD. 2022-02-17. Retrieved 2023-01-13.


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