Thursday, May 31, 2018

Neighborgoods Finds $5.75M To Reinvent The Department Store

Dallas-based Neighborgoods, a company which is looking to create a "new type a department store", disclosed today that it has received $5.75M in a funding. The funding was led by Forerunner Ventures, and also included Maveron, CAA Ventures, Global Founders Capital, NextGen Venture Partners, Revolution, Michael Dubin (Dollar Shave Club), plus Alan P. Shore (Retail Connection). The startup, led by CEO Matt Alexander, says it is creating a "new type of department store, featuring an ever-changing landscape of the world's most exciting brands, products, and concepts," and which also is "community, bringing thoughtful people together to shop, eat, and learn". Alan Shore joins the company's board with the funding.