Valuation · 2021
$2.8B
2024 Revenue
$43.7M(Est.)
Funding
$175.4M
Team
216
Founded
2015
NewStore Revenue, Valuation & Funding (2024)
NewStore generated an estimated $43.7M in annual revenue in 2024. Source: GetLatka estimate
NewStore operates a platform for retailers to run their stores on the iPhone.
Last updated
NewStore Revenue
In 2024, NewStore's revenue reached $43.7M. The company previously reported $26.7M in 2023. Since its launch in 2015, NewStore has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | NewStore Hit $43.7m revenue in October 2024 | Estimated |
| 2023 | NewStore Hit $26.7m revenue in October 2023 | Estimated |
| 2021 | NewStore Hit $19.5m revenue in July 2021 | Not recorded |
| 2015 | Launched with $0 revenue |
NewStore Valuation, Funding Rounds
NewStore reached a $2.8B valuation in 2021.
NewStore has raised $175.4M in total funding across 7 rounds, with its most recent round in 2021.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | Funding round | $45M | $2.8B | 2% | Not recorded |
| 2020 | Funding round | $20M | - | - | Not recorded |
| 2018 | Funding round | $20M | - | - | Not recorded |
| 2017 | Funding round | $50M | - | - | Not recorded |
| 2016 | Funding round | $1.7M | - | - | Not recorded |
| 2015 | Funding round | $30M | - | - | Not recorded |
| 2015 | Funding round | $8.7M | - | - | Not recorded |
Founder / CEO
Stephan Schambach
CEO
Stephan is a serial entrepreneur with a proven track record of creating and growing successful tech companies in the United States and Europe. Under his leadership and vision, he brought Intershop and Demandware to IPOs with multi-billion dollar market caps.
NewStore Employees & Team Size
NewStore employs approximately 216 people as of 2026, down from 232 in 2023, including 16 sales reps that carry a quota.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 216 employees (December 2024) | Not recorded |
| 2024 | Reached 232 employees (October 2024) | Not recorded |
| 2023 | Reached 232 employees (October 2023) | Not recorded |
| 2022 | Reached 247 employees (October 2022) | Not recorded |
| 2021 | Reached 204 employees (December 2021) | Not recorded |
| 2021 | Reached 168 employees (July 2021) | Not recorded |
Frequently Asked Questions about NewStore
What is NewStore's revenue?
As of 2024, NewStore generated an estimated $43.7M in annual revenue.
What is NewStore's valuation?
As of 2021, NewStore was valued at $2.8B.
Who founded NewStore?
NewStore was founded by Stephan Schambach.
When was NewStore founded?
NewStore was founded in 2015.
Who is the CEO of NewStore?
The CEO of NewStore is Stephan Schambach.
How much funding does NewStore have?
NewStore raised $175.4M across 7 rounds.
How many employees does NewStore have?
As of 2024, NewStore had 216 employees.
Where is NewStore headquartered?
NewStore is headquartered in Boston, Massachusetts, United States.
Compare NewStore to the industry
See how NewStore ranks against the best Commerce Software companies by revenue and funding.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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