New Stand builds modern smart vending physical products that can be placed in office lobbies, building floors, hotels, college campuses, airports and other locations, paired with an app that provides convenience and location-based media. The product offers basics like snacks, books and personal care items alongside curated content, points and rewards. The company describes itself as a "day improvement" business and is positioning its platform as both a consumer convenience and a media/technology channel. New Stand is pushing into the office vertical with a workplace amenity called New Stand at Work and is aiming to evolve from primarily a consumer business to an enterprise-facing offering for employers and landlords. Founded in 2015 and based in New York, the company currently operates in about 20 locations. Financially, New Stand has raised a $40M Series B and has now raised just over $56M in total to date.

Total raised

$40M

Funding rounds

1

Latest round

Series B

Latest activity

Jun 2021