Tech Company Financing Transactions
NewStore Funding Round
NewStore closed a $45 million Series B funding round on 7/12/2021. Investors included Activant Capital Group, General Catalyst Partners and Salesforce Ventures.
Transaction Overview
Company Name
Announced On
7/12/2021
Transaction Type
Venture Equity
Amount
$45,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to accelerate its commercial efforts, expand globally, speed up product development, and increase employee headcount.
Company Information
Company Status
Private & Independent
Industry
Mobile
Mailing Address
60 South St.
Boston, MA 02111
USA
Boston, MA 02111
USA
Phone
Website
Email Address
Overview
Working as a Demandware Link Partner and in conjunction with existing ecommerce platforms, NewStore allows brands to deliver a mobile-first retail experience designed around how consumers want to buy today -- anywhere, anytime, with single touch simplicity.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Stephan Schambach
Chief Financial Officer
Joel Abdinoor
Chief Marketing Officer
Phil Granof
Vice President
Hendrik Hoppe
VP - Bus. Development
Rick Berger
VP - Bus. Development
Alexander Ringsdorff
VP - Engineering
Hizam Sahibudeen
VP - Human Resources
Michelle Goodwin
VP - Product Management
Jane Cannon
VP - Sales
Tony DiPaolo
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We do our best to record every notable VC transaction. VC transactions reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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