Newmine
Valuation
$7.9M
2025 Revenue
$2.6M
Funding
$0
Team
24
Founded
2011
How Newmine grew Newmine to $2.6M revenue with a 24 person team in 2025.
Newmine provides retailers and consumer brands with the opportunity to think differently about returns. While most solution providers focus on easing the returns process, we offer an alternative. Decipher the reasons for those returns in time to take corrective action and prevent them from happening in the first place. With AI, natural language processing and prescriptive analytics, retailers reduce product returns and create a sustainable and more efficient business for their customers, the environment, and the bottom line. “CEOs have to think differently. CEOs need to quit focusing on just top line sales and look at the middle of the P&L. Returns are a big portion there.” – Mike Relich, co-CEO PACSUN “Returns are the most expensive and time-consuming element of the life cycle of a product. If you’re interested in profitability, returns reduction needs to be a top priority.” – Chrissy Ginieczki, COO Title Nine “What we’ve learned is that close to 70% of consumer returns are driven by factors that are controllable by the retailer. Let’s say we could solve just 1/4 of those controllable issues and shave 3 points off that return rate. For a $1B retailer, that’s a $30M reduction in returns. That certainly gets my attention if I’m a CFO.” – Scott Glaser, CFO, formerly of Ascena Retail Group “When you're planning and say, okay, I'm going to buy this much. And I know that a certain percentage of it's going to be returned and I'm going to get a margin hit on that. That's the way it used to be, but it can be different.” – Diane Randolph, CIO, formerly of ULTA & Reitmans “The sensitivity of the customers towards the product is heightened by the fact that it's not really needed in some cases. If I really love it, am I going to wear it? Am I going to use it? And if not, am I going to send it back? So it's important to be aware of the impact returns have on customers.” – Graziano De Boni, CEO, formerly of Armani, Prada & Valentino
Last updated
Newmine Revenue
In 2025, Newmine's revenue reached $2.6M. Since its launch in 2011, Newmine has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2025 | Newmine Hit $2.6m revenue in September 2025 |
| 2011 | Launched with $0 revenue |
Newmine Valuation, Funding Rounds
Newmine's most recent disclosed valuation is $7.9M.
Newmine is a bootstrapped Natural Language Processing (NLP) Software startup. Founded in 2011, Newmine has grown to $2.6M in revenue without raising any venture capital or outside funding.
As a self-funded Natural Language Processing (NLP) Software SaaS company, Newmine has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold |
|---|
Newmine Employees & Team Size
Newmine employs approximately 24 people as of 2026.
Newmine has 24 total employees in different roles and functions.
| Year | Milestone |
|---|---|
| 2025 | Reached 24 employees (September 2025) |
Customers
We do not have customer count information for Newmine yet.
Frequently Asked Questions about Newmine
What is Newmine's revenue?
Newmine generates $2.6M in revenue.
How much funding does Newmine have?
Newmine raised $0.
How many employees does Newmine have?
Newmine has 24 employees.
Where is Newmine headquarters?
Newmine is headquartered in Southborough, Massachusetts, United States.
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Compare Newmine to the industry
Newmine operates across multiple industries. Browse revenue, funding, and growth data for Newmine in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .