NewStore, Inc.

NewStore, Inc. is a technology company that provides a unified commerce platform, enabling retail brands to enhance their shopping experiences across physical and digital channels with mobile-first solutions. Founded in 2015, NewStore, Inc. is headquartered in Boston, US, and specializes in unifying retail operations through an innovative technology platform.

The company was founded by Matt Chisholm and Stephan Schambach, who has previously been involved in other technology ventures. NewStore has raised a total amount of USD 46. 70 mn, including its Series B funding round in July 2021. The company has engaged in 8 total deals up to date, reflecting its growth and investor interest.

The current valuation of NewStore, Inc. stands at approximately USD 315. 18 mn. NewStore offers a comprehensive unified commerce platform that enables retail brands to deliver modern, mobile-first shopping experiences across various customer touchpoints, including in-store, online, and mobile.

Its core product suite includes an omnichannel point of sale (POS) system, consumer shopping applications, and integrated order management and inventory solutions, which streamline operations and enhance customer engagement. Targeted primarily at global brands in the apparel, footwear, and accessories sectors, NewStore’s solutions are designed to optimize store sales, associate productivity, and customer conversion rates, facilitating seamless experiences that blend digital and physical retail environments. NewStore generates revenue through a subscription-based model that caters to retailers seeking to modernize their commerce operations. Clients engage with the platform through various service tiers, which may include access to the omnichannel order management system, cloud inventory management, and clienteling tools.

This structure allows retail partners to benefit from comprehensive insights and analytics that drive decision-making and sales strategies, supported by partnerships with developers and technology partners to enhance innovation in retail solutions. In July 2021, NewStore, Inc. raised USD 46. 70 mn in Series B funding, which will be utilized to accelerate its commercial efforts, expand globally, speed up product development, and increase employee headcount.

The company plans to launch new products designed to improve the shopping experience further and is targeting expansion into additional international markets in the coming years.