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NewStore operates a platform for retailers to run their stores on the iPhone.
Last updated
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 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% | |
| 2020 | Funding round | $20M | - | - | |
| 2018 | Funding round |
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.
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We do not have customer count information for NewStore yet.
NewStore employs approximately 216 people as of 2026, down from 232 in 2023, including 16 sales reps that carry a quota.
NewStore generates an estimated $43.7M in annual revenue.
NewStore was founded by Stephan Schambach.
The CEO of NewStore is Stephan Schambach.
NewStore raised $175.4M across 7 rounds.
NewStore has 216 employees.
NewStore is headquartered in Boston, Massachusetts, United States.
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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Valuation
$2.8B
2024 Revenue
$43.7M(Est.)
Funding
$175.4M
Team
216
Founded
2015
| 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 | |
| 2015 | Launched with $0 revenue |
| $20M |
| - |
| - |
| 2017 | Funding round | $50M | - | - |
| 2016 | Funding round | $1.7M | - | - |
| 2015 | Funding round | $30M | - | - |
| 2015 | Funding round | $8.7M | - | - |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 216 employees (December 2024) | |
| 2024 | Reached 232 employees (October 2024) | |
| 2023 | Reached 232 employees (October 2023) | |
| 2022 | Reached 247 employees (October 2022) | |
| 2021 | Reached 204 employees (December 2021) | |
| 2021 | Reached 168 employees (July 2021) |
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