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New Store Appoints Mike De Simone As CEO

PRIVATEApr 16, 2024•about 2 years ago

Position

Chief Executive Officer

Company

NewStore Inc.

Mike DeSimone
BostonOtherInformation TechnologySoftware

Description

NewStore has appointed Mike DeSimone as CEO. Founder Stephan Schambach will remain Chairman of the Board, ensuring that the company continues to evolve in line with his vision to make omnichannel simple. DeSimone will leverage his extensive experience scaling commerce technology businesses to accelerate the company's growth further.

Company Information

Company

NewStore Inc.

Location

60 South Street

Boston, Massachusetts, United States

About

NewStore provides a Unified Commerce Platform for global retail brands that want to accelerate their digital transformation. Built with MACH principles, NewStore provides a revolutionary Omnichannel POS and Shopping App with built-in order management, inventory, clienteling, and loyalty. Leading retail organizations, such as Burton, Faherty Brand, Fossil Group, GANNI, G-Star RAW, Marine Layer, Roots Canada, UNTUCKit, and Vince, rely on NewStore to make every store a top door, every associate a top performer, and ​every customer a super fan. The company is backed by General Catalyst, Activant Capital, and Salesforce Ventures.

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Executive Insights

Based on hiring data
New executive impact window
87% of new executives make significant technology decisions within first 100 days
Budget influence
C-level executives control 73% of technology spending decisions
Transformation catalyst
65% of new senior hires launch digital transformation initiatives
Vendor review timeline
New executives typically review existing vendors within 6 months

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.