Deals

NewStore Raises $50M in Series B Funding
Date: 
Tuesday, July 18, 2017
Location: 
Boston
Categories: 
B2B
Marketing & Sales Tech
SaaS
Deal Type: 
Funding

NewStore, Inc., the Mobile Retail Platform founded by the creator of Demandware (now Salesforce Commerce Cloud), Stephan Schambach, today announced it has secured $50 million in Series B funding. Activant Capital, who led the round, joins returning investors General Catalyst and Stephan Schambach. The round cements NewStore as the dominant player in mobile commerce. Total capital raised to-date now stands at $90 million. The company will use the investment to expand its innovative platform and rollout the solution for retailers looking to realize their omnichannel aspirations.

The NewStore Mobile Retail Platform is the most customizable end-to-end solution for delivering anytime, anywhere retail. Built mobile-first with a modern software stack, it works with all existing ecommerce platforms and eliminates the need to patch together disparate point solutions... READ MORE