18 Jul

NewStore raises $50 million for mobile commerce

 Demandware founder Stephen Schambach has moved on to his next startup and investors are betting $50 million. NewStore, an enterprise platform for mobile commerce, has raised a Series B from Activant Capital, General Catalyst and Schambach’s own money. The company previously raised $40 million since 2015, but just launched the business late last year. While Magento, Shopify and others… Read More
Source: TechCrunch – Funding and Exits

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