NewStore Funding, Investors & Competitors

NewStore has raised $163M across 6 funding rounds, most recently a $45M Series B in July 2021.

Last NewStore funding round

$45M

Series B · Jul 2021

Cumulative funding NewStore raised

$163M

across 6 funding rounds

Key investors in NewStore

  • General Catalyst
  • Stephan Schambach
  • Activant Capital
  • Salesforce Ventures
  • Enjoyventure Management

NewStore Overview

About NewStore

NewStore is a Berlin-headquartered platform empowering retailers to manage physical stores via iPhone-based applications. It offers Omnichannel-as-a-Service with cloud order management, mobile point-of-sale, endless aisle browsing, in-store fulfillment, real-time inventory visibility, and clienteling features. Founded in 2015 by e-commerce pioneer Stephan Schambach, the company maintains offices in Boston and New York, supporting an API-driven ecosystem for rapid deployment.


Founded

2015

HQ

United StatesBoston, MA

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

NewStore Funding History

NewStore has raised a total of $163M across 6 funding rounds.

NewStore's first fundraising round was a $9M seed round in February 2015. The most recent completed round was a $45M Series B in July 2021.

NewStore funding rounds

NewStore funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2021Series BSalesforce Ventures; General Catalyst; Stephan Schambach; Activant Capital$45MNewStore is a cloud-based omnichannel store solution platform designed for direct-to-consumer retail brands. The company provides Omnichannel-as-a-Service through a cloud platform combining POS, order management, inventory management, and clienteling tools accessible via iPhone apps, enabling store operations including BOPIS, mobile checkout, fulfillment, and remote selling. In July 2021, NewStore announced a $45 million Series B-1 funding round led by Activant Capital, with participation from returning investors General Catalyst and Salesforce Ventures. The company achieved significant milestones in the first half of 2021, growing its SaaS revenue over 100 percent year-over-year and expanding its geographic footprint to 20 countries across North America, Europe, and Asia Pacific. Notable customer wins during this period included Burton Snowboards, Decathlon, GANNI, Goorin Bros, Marine Layer, Outdoor Voices, and UNTUCKit. The funding was intended to support global expansion, rapid product development, and increased headcount. NewStore had recently achieved SOC 2 Type 1 compliance and was admitted to the MACH Alliance in April 2021, strengthening its position in the open, best-of-breed technology ecosystem space. The post-money valuation for this Series B-1 round was not publicly disclosed by the company or its investors.
May 2018Series BStephan Schambach (lead); General Catalyst; Activant Capital$20MNewStore is a mobile-first unified commerce platform founded in 2015 by Stephan Schambach, offering omnichannel solutions including POS, branded shopping apps, one-touch purchasing, clienteling, and on-demand delivery, integrating with platforms like Salesforce Commerce Cloud and SAP Hybris. The company, headquartered in Boston with a Berlin office, targets premium retail brands to enhance customer experiences across channels. In July 2017, NewStore raised $50 million in Series B funding from Activant Capital, General Catalyst, and founder Stephan Schambach's personal funds, bringing total funding to $90 million at that time; the proceeds were used to expand the platform and support retailers' omnichannel goals.
Jul 2017Series BActivant Capital (lead); General Catalyst; Stephan Schambach$50MNewStore, founded by Demandware creator Stephan Schambach, provides a mobile-first retail platform enabling retailers to create unified mobile shopping experiences, including in-store and online capabilities for apparel, lifestyle, and luxury brands competing with Amazon. The Series B round on July 18, 2017, raised $50 million led by Activant Capital, with participation from existing investor General Catalyst and Schambach himself, bringing total funding to $90 million at that point after a prior $40 million since 2015. Funds were allocated to expand the platform for handling increased mobile traffic and orders, grow the U.S. client base with plans for Europe and U.K. expansion, and hire beyond its then-140 employees in Boston. The platform monetizes via a revenue share model similar to Demandware, which sold to Salesforce for $2.8 billion.
Jan 2016Series A-$2M-
Jul 2015Series AGeneral Catalyst (lead); Stephan Schambach$38MNewStore is a mobile-first omnichannel commerce platform founded by Stephan Schambach, the former founder of Demandware and Intershop, an early ecommerce pioneer. The company provides a unified commerce solution combining point-of-sale, order management, inventory management, and customer engagement tools accessible via iPhone apps, enabling retailers to operate seamlessly across online and offline channels. NewStore was established in 2015 and had just launched its business when securing its initial funding round. In September 2015, NewStore raised $38 million in total funding, including investments from founder Stephan Schambach and the NewStore management team, with General Catalyst Partners serving as the lead investor. The company was headquartered in Boston and focused on serving direct-to-consumer brands and retailers navigating the shift toward mobile-first commerce.
Feb 2015SeedEnjoyventure Management (lead)$9M-

Who has invested in NewStore?

5 investors have backed NewStore across its funding rounds, including General Catalyst, Stephan Schambach, Activant Capital, Salesforce Ventures and Enjoyventure Management.

Lead investors include Stephan Schambach, Activant Capital, General Catalyst and Enjoyventure Management.


NewStore Investors

Investors in NewStore by funding rounds participated
InvestorHQRoundsRoleFirst check
General CatalystUnited StatesSan Francisco, CA4LeadJul 2015
Stephan SchambachUnited StatesBoston, MA4LeadJul 2015
Activant CapitalUnited StatesGreenwich, CT3LeadJul 2017

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Acquisitions by NewStore

NewStore has acquired 3 companies to date.

Last acquisition by NewStore was on January 14th 2022. NewStore acquired Highstreet Mobile for undisclosed valuation.


Latest Acquisitions by NewStore

Highstreet Mobile
Highstreet App
CouchCommerce
Description
Highstreet Mobile is a mobile commerce platform connecting brands to customers through personalized shopping apps and wallet integrations. New York-headquartered, the company powers proximity marketing via geofencing and push notifications for retailers like Macy's, driving in-store traffic and omnichannel experiences with Apple Wallet passes.
Highstreet App is a platform delivering omnichannel retail solutions for in-store and consumer shopping experiences. It integrates store operations with mobile tools to enable seamless transactions and engagement.
CouchCommerce is a Hamburg-based provider of mobile-first e-commerce platforms built on the Sofa.io SDK. The open-source framework enables responsive storefronts for brands like Otto Group and supports headless commerce with GraphQL APIs. It integrates payments via Stripe and Adyen across iOS, Android, and web. Founded in 2012, CouchCommerce serves European retailers with customizable themes.
HQ CountryNetherlandsNetherlandsGermany
HQ City
Utrecht
Utrecht
Hanover
Deal Date14 Jan 202212 Jan 202230 Sep 2015
Valuationundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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NewStore Competitors

NewStore competitors include listed companies like Lightspeed Commerce and Shiprocket, and private ones like commercetools, Swiftly, Replit and Perk.

Public and private companies comparable to NewStore
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
commercetoolsGermanyMunichPrivate$150M-$1.9B12.7x
SwiftlyUnited StatesSeattle, WAPrivate--$1B-
Lightspeed CommerceCanadaCanadaPublicly listed$1.2B($13M)$1.2B0.7x
ReplitUnited StatesSan Francisco, CAPrivate$1B-$9B9.0x
PerkSpainBarcelonaPrivate$300M-$2.7B9.0x
ShiprocketIndiaIndiaPublicly listed$211M($7M)$917M-

NewStore Public Comps

NewStore is still privately-owned, but its public comps include Shopify, Toast, GoDaddy, Wix.com, Shiji Group, Newland Digital Tech, Agilysys, Vusion, Pine Labs and Diebold Nixdorf.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Shopify$12B$1.2B13.9x11.3x132.9x61.9x
Toast$6.2B$359M2.6x2.3x44.6x20.8x
GoDaddy$5B$1.3B3.1x2.9x11.7x8.9x
Wix.com$2B($13M)2.2x2.0x(352.9x)14.4x
Shiji Group$416M$21M6.4x6.2x128.0x97.1x
Newland Digital Tech$1.3B$189M1.8x1.5x12.2x10.6x
Agilysys$319M$57M8.7x8.1x48.7x35.8x
Vusion$1.7B$313M1.0x0.9x5.6x4.8x

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Common questions about NewStore

When was NewStore founded?NewStore was founded in 2015.
Where is NewStore headquartered?NewStore is headquartered in Boston, MA, United States.
Is NewStore publicly listed?No, NewStore is a private, VC-backed company.
How much funding has NewStore raised?NewStore has raised $163M across 6 funding rounds.
What was NewStore's last funding round?NewStore's last funding round was a $45M Series B in July 2021.
Who are NewStore's investors?NewStore's investors include General Catalyst, Stephan Schambach, Activant Capital, Salesforce Ventures and Enjoyventure Management.
Which companies are comparable to NewStore?Companies comparable to NewStore include commercetools, Swiftly, Lightspeed Commerce, Replit, Perk and Shiprocket.
How many companies has NewStore acquired?NewStore has acquired 3 companies, including Highstreet Mobile, Highstreet App and CouchCommerce.

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