Boston, MA – According to filings with the U.S. Securities and Exchange Commission, NewStore is raising $61,701,368.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Stephan Schambach played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About NewStore
NewStore is the essential omnichannel store solution for enterprise retailers. The company delivers Omnichannel-as-a-Service with the first platform combining mobile POS, an omnichannel order broker, and inventory management. Store operations from endless aisle to mobile checkout to fulfillment are executed on intuitive iPhone apps, creating a joyful shopping experience for the consumer and associate alike. NewStore customers include ANINE BING, Burton Snowboards, Decathlon, GANNI, Outdoor Voices, and UNTUCKit. It is backed by General Catalyst, Activant Capital, and Salesforce Ventures.

To learn more about NewStore, visit http://www.newstore.com/

Contact:
Stephan Schambach, Chief Executive Officer
888-983-0496
sschambach@newstore.com
https://www.linkedin.com/in/stephanschambach/

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