About NewStore
NewStore is a company based in Boston (United States) founded in 2015.. NewStore has raised $173.25 million across 6 funding rounds from investors including Activant Capital, General Catalyst and Stephan Schambach. The company has 63 employees as of December 31, 2022. NewStore has completed 1 acquisition, including CouchCommerce. NewStore offers products and services including Omnichannel Order Management, Point of Sale, Inventory Management, and Clienteling. NewStore operates in a competitive market with competitors including Shiprocket, Shippo, Sorted, ShipBob and Deliverr, among others.
- Headquarter Boston, United States
- Employees 63 as on 31 Dec, 2022
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Sectors
RetailTransportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Newstore, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$173.25 M (USD)
in 6 rounds
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Latest Funding Round
$45 M (USD), Series B
Jul 08, 2021
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Investors
Activant Capital
& 4 more
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Employee Count
63
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of NewStore
NewStore offers a comprehensive portfolio of products and services, including Omnichannel Order Management, Point of Sale, Inventory Management, and Clienteling. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Handles orders across multiple retail channels for efficient processing.
Enables mobile in-store transactions and sales tracking for retailers.
Monitors stock levels in real-time across various locations.
Facilitates personalized interactions to improve customer loyalty.
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Software Development Team
23 people
Leadership Team
12 people
Advisor Team
6 people
Sales and Marketing
4 people
Finance and Accounting
3 people
Human Resources and Administration
3 people
Staff Team
2 people
Data Analysis and Operations Team
1 people
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Funding Insights of NewStore
NewStore has successfully raised a total of $173.25M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $45 million completed in July 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $45.0M
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First Round
First Round
(22 Jul 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Series B - NewStore | Valuation |
investors |
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| Jan, 2020 | Amount | Series B - NewStore | Valuation | Salesforce Ventures | |
| May, 2018 | Amount | Series B - NewStore | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in NewStore
NewStore has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Activant Capital, General Catalyst and Stephan Schambach. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund investing in tech sectors
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Founded Year | Domain | Location | |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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Early-stage tech startups are funded by corporate-backed Salesforce Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by NewStore
NewStore has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include CouchCommerce. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based mobile-first e-commerce SaaS platform is provided for post-PC devices.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - NewStore
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Newstore Comparisons
Competitors of NewStore
NewStore operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Shiprocket, Shippo, Sorted, ShipBob and Deliverr, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
E-commerce tools for shipping, marketing, and financial services are provided.
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| domain | founded_year | HQ Location |
Web-based shipping solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
E-commerce shipping operations are managed via SaaS platform.
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| domain | founded_year | HQ Location |
E-commerce fulfillment solutions are provided for direct-to-consumer brands.
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| domain | founded_year | HQ Location |
Tech-enabled fulfillment services are provided to e-commerce businesses.
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| domain | founded_year | HQ Location |
SaaS-based omnichannel retail management software is provided for retailers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Newstore
Frequently Asked Questions about NewStore
When was NewStore founded?
NewStore was founded in 2015.
Where is NewStore located?
NewStore is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is NewStore a funded company?
NewStore is a funded company, having raised a total of $173.25M across 6 funding rounds to date. The company's 1st funding round was a Series B of $20M, raised on Jul 22, 2015.
How many employees does NewStore have?
As of Dec 31, 2022, the latest employee count at NewStore is 63.
What does NewStore do?
NewStore was founded in 2015 in Boston, United States, focusing on retail technology. An omnichannel platform is offered to integrate online and offline retail operations, connecting existing ERP systems with mobile and cloud-based tools. Services encompass mobile commerce, checkout processes, inventory management, store fulfillment, real-time visibility, and clienteling to support retailers and brands in unified customer experiences.
Who are the top competitors of NewStore?
NewStore's top competitors include Shiprocket, Shippo and ShipBob.
What products or services does NewStore offer?
NewStore offers Omnichannel Order Management, Point of Sale, Inventory Management, and Clienteling.
How many acquisitions has NewStore made?
NewStore has made 1 acquisition, including CouchCommerce.
Who are NewStore's investors?
NewStore has 5 investors. Key investors include Activant Capital, General Catalyst, Stephan Schambach, Salesforce Ventures, and Stephan Schambach.