NewStorerevenue, valuation & funding
Multichannel Retail SoftwareBoston, MassachusettsFounded 2015CEO Stephan Schambach
NewStore operates a platform for retailers to run their stores on the iPhone.
NewStore revenue
NewStore has not published its revenue. GetLatka estimates it at about $43.7M a year (October 2024).
All 3 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Jul 2021 | $19.5M | – |
| Oct 2023 | $26.7MEST. | GetLatka estimate |
| Oct 2024 | $43.7MEST. | GetLatka estimate |
– source not recorded
NewStore valuation
NewStore is privately held, so there is no NewStore stock to buy. Investors valued it at $2.8B in its July 2021 funding round.
NewStore funding rounds & investors
NewStore has raised $175.4M across seven rounds since 2015. The latest was a $45M funding round in July 2021.
| Date | Round | Raised | Valuation |
|---|---|---|---|
| Jul 2021 | Funding round | $45M | $2.8B |
| Jan 2020 | Funding round | $20M | – |
| May 2018 | Funding round | $20M | – |
| Jul 2017 | Funding round | $50M | – |
| 2016 | Funding round | $1.7M | – |
| Jul 2015 | Funding round | $30M | – |
| Feb 2015 | Funding round | $8.7M | – |
| Total raised | $175.4M |
NewStore competitors
NewStore competes most directly with Shopify and BigCommerce.
| Company | Revenue | Funding | Employees | Customers | Founded |
|---|---|---|---|---|---|
 Shopify | $11.6B | $122.3M | 8,300 | 2.6M | 2004 |
 BigCommerce | $342.4M | $224M | 1,040 | 20K | 2009 |
| NewStore | $43.7M | $175.4M | 216 | – | 2015 |
NewStore CEO, founders & employees
Stephan Schambach founded NewStore in 2015 and runs it as CEO. NewStore had 216 employees (December 2024, LinkedIn), down from 232 a year earlier.
- Stephan SchambachFounder & CEO
All 6 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Dec 2024 | 216 | |
| Oct 2024 | 232 | |
| Oct 2023 | 232 | |
| Oct 2022 | 247 | |
| Dec 2021 | 204 | |
| Jul 2021 | 168 | – |
NewStore FAQ
What is NewStore's revenue?
GetLatka estimates NewStore's revenue at about $43.7M a year (October 2024). The company hasn't published its own figure.
What is NewStore's valuation?
Investors valued NewStore at $2.8B in its July 2021 funding round.
How much funding has NewStore raised?
NewStore has raised $175.4M across seven funding rounds. The latest was a $45M funding round in July 2021.
Is NewStore publicly traded?
No. NewStore is a private company, so its shares aren't traded on a stock exchange.
How many employees does NewStore have?
NewStore had 216 employees in December 2024, according to LinkedIn.
Who is the CEO of NewStore?
Stephan Schambach is the CEO of NewStore and founded the company in 2015.
Who founded NewStore?
Stephan Schambach founded NewStore in 2015.
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How this page is sourced
5 from public sources · 2 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Aug 20, 2026Data disclaimerReport a correctionClaim this profileRun NewStore? Join the podcast