Neighborhood Goods Raises $8M in New Funding Round

This latest funding round comes on top of a $5.75 million round in May for the retail startup that recently opened in Plano.

nieghborhood goods

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.

Co-founders Mark Masinter (far left) and Matt Alexander (far right) with a friend.

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.

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[Photo: Courtesy Neighborhood Goods]

Look Inside: Neighborhood Goods Imagines the Future of Retail in Plano

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