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NewStore Raises $ 45 Million to Accelerate Growth – News

Omni-channel store solution provider NewStore He said he would secure $ 45 million in Series B-1 funding to use for market strategy, global expansion, rapid product development and employee growth.

NewStore has raised $ 45 million to accelerate growth. -Facebook: NewStoreinc.

Strategic investment continued to grow significantly in the first half of this year, with SaaS revenues increasing by more than 100% year-on-year. Its growth has expanded the New Store’s geographic footprint equally to 20 countries in North America, Europe, and Asia Pacific.

The company has recently signed a number of new brands at the forefront of retail innovation, including organizations such as: Burton snowboard, Of the Unified Commerce Group Frank and oak, Marine layer, Faherty Brand, Gourin Brothers, And 5 star nutrition.

Stephan Schambach, Founder and CEO of NewStore, said:

“By providing omni-channel as a service that can be activated in stores with just the iPhone, we provide retailers with a turnkey solution for everything from BOPIS to store fulfillment, remote sales, and more. Omni-channel remains strategically essential to all retailers, and the latest investments can add to this momentum for the New Store. “

NewStore is positioned as a fast, flexible and easy-to-use omni-channel store solution. We are also ready to support brands of all sizes with a strategy that directly addresses the needs of modern retailers.

Other important milestones achieved over the past year include strategic partnerships with the MACH Alliance, as well as product innovations to improve capabilities such as inventory management, offline point-of-sale resilience, customer management, and mixed carts. The company says it has.

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NewStore Raises $ 45 Million to Accelerate Growth

Source link NewStore Raises $ 45 Million to Accelerate Growth



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