Reimagined department store concept Neighborhood Goods on Wednesday said that it will open in early 2020 its third location, a 10,000-square-foot unit in Austin, Tex. The retailer in November 2018 opened its first store, a 14,000-square-foot space at Legacy West in Plano, Tex. Later this year, a 4,500-square-foot store will bow at Manhattan’s Chelsea Market.
The retailer also said it has completed a Series A funding round that raised $11 million and was by Global Founders Capital with participation from long-term investors including Forerunner Ventures, Serena Ventures, NextGen Venture Partners, Allen Exploration and Capital Factory, among others. Matt Alexander, cofounder of Neighborhood Goods, said he expects the fund to expand a bit in the next few weeks. With $14.5 million in seed funding previously raised, the new financing brings Neighborhood Goods’ total funding to $25.5 million.
Alexander said the Plano store continues to experiment with the ratio of discreet spaces for brands and blending brands, which can create a sense of discovery. The Plano store’s assortment includes Rothy’s, Dollar Shave Club, Fossil, Cynthia Rowley, Taschen, and long-term mainstays Stadium Goods, Draper James, Buck Mason and Primary, among others. About 16 new brands will launch in Plano over the next six weeks.
“We’ll have
The retailer also said it has completed a Series A funding round that raised $11 million and was by Global Founders Capital with participation from long-term investors including Forerunner Ventures, Serena Ventures, NextGen Venture Partners, Allen Exploration and Capital Factory, among others. Matt Alexander, cofounder of Neighborhood Goods, said he expects the fund to expand a bit in the next few weeks. With $14.5 million in seed funding previously raised, the new financing brings Neighborhood Goods’ total funding to $25.5 million.
Alexander said the Plano store continues to experiment with the ratio of discreet spaces for brands and blending brands, which can create a sense of discovery. The Plano store’s assortment includes Rothy’s, Dollar Shave Club, Fossil, Cynthia Rowley, Taschen, and long-term mainstays Stadium Goods, Draper James, Buck Mason and Primary, among others. About 16 new brands will launch in Plano over the next six weeks.
“We’ll have