Chrono24 Raises €100M in Series C Funding
Summary
Chrono24, a Karlsruhe, Germany-based digital marketplace for new and pre-owned luxury watches, secured more than 100M € ($118M+ USD) in Series C funding. The round, which brought s cumulative funds raised to over €200M to date (approximately USD$236M), was led by General Atlantic, with participation from Aglaé Ventures, the technology arm of the Arnault family’s investment company and existing investors Insight Partners and Sprints Capital, as well as Felgner and Kniewasser. The company intends to use the funds to • continue to scale internationally and deepen its presence in existing markets, Launched in 2003 and led by founder and Co-CEO Tim Stracke, Co-CEO Holger Felgner; and CFO Stephan Kniewasser, Chrono24 provides a global digital marketplace for new and pre-owned luxury watches. With approximately 500,000 watches from more than 3,000 retailers from over 100 countries and more than 30,000 private sellers, the portal reaches over 9 million unique visitors per month. The company employs almost 400 people in offices in Karlsruhe, Berlin, New York and Hong Kong.