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In addition to his work as an entrepreneur, Schambach has committed himself to improving the environment for start-ups and high-growth companies in
Germany. This includes improving the practices of funding and exit opportunities. Furthermore, he and the Intershop Foundation are major sponsors of the
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Schambach grew up in East
Germany, where he graduated from Polytechnic High School. After the fall of the Berlin Wall and the following monetary union, Schambach left his apprenticeship as a laboratory technician for physics and became a partner in the Hard & Soft Stanja KG in Jena. In 1992, he
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In 2020, NewStore received $ 20M in strategic investment from
Salesforce. The next year, in 2021, NewStore raised a Series B-1 financing round, receiving a $ 45 million investment from General Catalyst, Activant Capital, and Salesforce Ventures to support company growth. In April 2024, NewStore
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NetConsult secured venture capital funding to guarantee further development and active international marketing measures. Further financial rounds enabled robust growth for more than a few hundred employees worldwide.
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founded the NetConsult
Computer Systeme GmbH. After the first in-house development "Archive 2000," the company presented the ecommerce software "Intershop Online."
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In 2004, he founded the U.S. company, Demandware Inc., and offered the first ecommerce solution as a cloud service. Demandware was listed at the
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pioneer having created the first standard software for online shopping in 1995 (Intershop). In addition to being the founder of
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technology stock exchange in 2000. Schambach ceded his position as chairman of the board in 2003.
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For his contribution to developing the software industry in
Thuringia, Germany, he received the
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appointed Mike DeSimone as CEO with
Schambach transitioning to Chairman of the Board.
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In 1996, Schambach established the first U.S. location for the company in
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E-Commerce Chair at the
University of Applied Sciences in Jena.
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