NewStore, Inc. provides Omnichannel-as-a-Service for enterprise retail brands worldwide. Its mobile-first, modular cloud platform includes
point of sale
The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice f ...
(POS),
order management An order management system, or OMS, is a computer software system used in a number of industries for order entry and processing.
Electronic commerce and catalogers
Orders can be received from businesses, consumers, or a mix of both, depending on th ...
(OMS),
inventory
Inventory (American English) or stock (British English) refers to the goods and materials that a business holds for the ultimate goal of resale, production or utilisation.
Inventory management is a discipline primarily about specifying the shap ...
, store fulfillment,
clienteling Clienteling is a technique used by retail sales associates to establish long-term relationships with key customers based on data about their preferences, behaviors and purchases. Clienteling is intended to guide associates to provide more personal a ...
, and native consumer app solutions.
The company was founded in 2015 by
Stephan Schambach
Stephan Schambach (* in Erfurt) is a German entrepreneur and commerce pioneer having created the first standard software for online shopping in 1995 (Intershop). In addition to being the founder of Intershop Communications, Schambach also found ...
, who also founded
Intershop Communications
Intershop Communications AG is a public e-commerce company headquartered in Jena, within the state of Thuringia in Germany. Customers include large corporations such as HP, BMW, Würth, and Deutsche Telekom. Intershop operates in Europe, the ...
and
Demandware
Demandware is a software technology company headquartered in Burlington, Massachusetts that provides a cloud-based unified e-commerce platform with mobile, AI personalization, order management capabilities, and related services for B2C and B2B re ...
, which was acquired by Salesforce in 2016 for US$2.8 billion. It is headquartered in
Boston
Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- mo ...
, USA with offices in
Berlin
Berlin ( , ) is the capital and largest city of Germany by both area and population. Its 3.7 million inhabitants make it the European Union's most populous city, according to population within city limits. One of Germany's sixteen constitue ...
, Germany and
Utrecht
Utrecht ( , , ) is the List of cities in the Netherlands by province, fourth-largest city and a List of municipalities of the Netherlands, municipality of the Netherlands, capital and most populous city of the Provinces of the Netherlands, pro ...
, Netherlands. It received a Series A investment of US$38M in September 2015 and Series B investment of US$50M in July 2017. Additionally, the company raised US$45M in Series B-1 financing in July 2021, a strategic investment to accelerate company growth.
Funding
References
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