Neighborhood Goods, the Dallas-based retail startup founded by Matt Alexander and Mark Masinter, said in a filing with the U.S. Securities and Exchange Commission that it raised $8 million of a $10 million offering.
In May, the retailer announced that it had raised $5.75 million, bringing its total funding to $13.75 million, according to Crunchbase.
Neighborhood Goods recently opened a 14,000-square-foot store in Plano. It’s a department store that features direct-to-consumer as well as globally-recognized brands, via a rotating, curated pop-up concept, experiential events, live podcasts, and open forum discussions.
Think coworking, but for retail.
Each brand pays a monthly fee to receive its own space, staffing, marketing, and retail design. The store also has its own restaurant and bar, a live podcast, a calendar of events, and a communicative app.
We took you inside the store recently to give you a look at the opening festivities and virtual tour of the space.
Look Inside: Neighborhood Goods Imagines the Future of Retail in Plano
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