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Valuation

$2.8B

2024 Revenue

$43.7M

Funding

$175.4M

YOY

63.5%

Team

216

Founded

2015

How NewStore CEO Stephan Schambach grew NewStore to $43.7M revenue with a 216 person team in 2024.

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.

NewStore Revenue GrowthReported revenue / ARR by year$0$10M$20M$30M$40M$50M201520172019202120232024$0$20M$27M$44MSource: GetLatka.com
YearMilestoneQuote
2024NewStore Hit $43.7m revenue in October 2024
2023NewStore Hit $26.7m revenue in October 2023
2021NewStore Hit $19.5m revenue in July 2021
2015Launched 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.

NewStore Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$600M$1B$2B$2B$3B20152016201720182019202020212015 cumulative: $9M • 2015 Funding round: $9M2015 cumulative: $39M • 2015 Funding round: $9M • 2015 Funding round: $30M2016 cumulative: $40M • 2015 Funding round: $9M • 2015 Funding round: $30M • 2016 Funding round: $2M2017 cumulative: $90M • 2015 Funding round: $9M • 2015 Funding round: $30M • 2016 Funding round: $2M • 2017 Funding round: $50M2018 cumulative: $110M • 2015 Funding round: $9M • 2015 Funding round: $30M • 2016 Funding round: $2M • 2017 Funding round: $50M • 2018 Funding round: $20M2020 cumulative: $130M • 2015 Funding round: $9M • 2015 Funding round: $30M • 2016 Funding round: $2M • 2017 Funding round: $50M • 2018 Funding round: $20M • 2020 Funding round: $20M2021 cumulative: $175M • 2015 Funding round: $9M • 2015 Funding round: $30M • 2016 Funding round: $2M • 2017 Funding round: $50M • 2018 Funding round: $20M • 2020 Funding round: $20M • 2021 Funding round: $45M @ $3B valuation$175M2021 Funding round: $3B valuation$3BSource: GetLatka.com
YearRoundAmountValuation% SoldQuote
2021Funding round$45M$2.8B2%
2020Funding round$20M--
2018Funding round$20M--
2017Funding round$50M--
2016Funding round$1.7M--
2015Funding round$30M--
2015Funding round$8.7M--

Founder / CEO

Stephan Schambach

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.

Q&A

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Customers

We do not have customer count information for NewStore yet.

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.

NewStore Team GrowthReported headcount over time06012018024030020152017201920212023202400216216Source: GetLatka.com
YearMilestone
2024Reached 216 employees (December 2024)
2024Reached 232 employees (October 2024)
2023Reached 232 employees (October 2023)
2022Reached 247 employees (October 2022)
2021Reached 204 employees (December 2021)
2021Reached 168 employees (July 2021)

Frequently Asked Questions about NewStore

What is NewStore's revenue?

NewStore generates $43.7M in revenue.

Who founded NewStore?

NewStore was founded by Stephan Schambach.

Who is the CEO of NewStore?

The CEO of NewStore is Stephan Schambach.

How much funding does NewStore have?

NewStore raised $175.4M.

How many employees does NewStore have?

NewStore has 216 employees.

Where is NewStore headquarters?

NewStore is headquartered in Boston, Massachusetts, United States.

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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NewStore Revenue 2024: $43.7M ARR, $2.8B Valuation