NewStore, Inc., a Boston, MA-based mobile retail platform, secured $50m in Series B funding.
The round was led by Activant Capital, with participation from returning investors General Catalyst and Stephan Schambach. In conjunction with the funding, Steve Sarracino, Partner, Activant Capital, joined the Board of Directors at NewStore.
The company, which has raised $90m to date, will use the funds to expand its platform and rollout the solution for retailers.
Founded by the creator of Demandware (now Salesforce Commerce Cloud), Stephan Schambach, CEO, NewStore provides a mobile-first commerce platform for delivering anytime, anywhere retail. The solution works with all existing ecommerce platforms such as Salesforce Commerce Cloud, SAP Hybris, Oracle ATG, and Magento.
The company has offices in New York and Berlin.
FinSMEs
18/07/2017