Earlier this year, Chrono24 announced that it had launched its new 118m Series General Atlantic watches. These watches are made for those looking for an elegant and functional timepiece. They are designed to be worn daily and special occasions.
Investment round details
During Chrono24’s latest funding round, the company secured more than USD 118 million. It also received participation from Sprints Capital, Insight Partners, and Aglae Ventures. Chrono24 plans to leverage these new funds to improve its market share, enhance its user experience, and expand internationally.
Chrono24 is a digital marketplace concept within the luxury watch industry. Its system encourages customers to change their behaviour patterns, and has become a valuable proof of concept for the industry. The company is also a leader in the market for pre-owned luxury watches. There are over 3,000 retail dealers and almost 500,000 watches for sale on Chrono24.
Founded in 2003, Chrono24 is already a market leader in more than 100 countries. The company plans to increase its global presence, attract new collectors, and add fresh talent to its team. Its mission is to create a new luxury retail experience that’s digital, sustainable, and scalable. The company’s current owners invested in Chrono24, and it has secured top-tier partners in the funding round.
General Atlantic is one of the world’s most well-known growth equity firms. Its approach uses sector-specific knowledge to create sustainable results. It is also known for its long-term investment horizon. The firm has over $65 billion in assets under management as of March 31, 2021.
General Atlantic also provided strategic support for over 400 growth companies. Its team includes over 175 investment professionals in New York. In addition, it has more than 400 investment professionals around the world. General Atlantic has more than four decades of experience collaborating with visionary entrepreneurs.
Chrono24’s Series B funding round included participation from former Richemont director Gianni Serazzi. Chrono24’s current owners also participated in the Series C funding round. Equity firm General Atlantic led the round, and other investors included Insight Partners, Sprints Capital, and Aglae Ventures.
Chrono24 is a market leader in the online luxury watch market. It has over 3,000 retail dealers and almost 500,000 luxury watches for sale. Its average daily visitors are over 500,000. Chrono24 is the first digital watch marketplace to achieve a unicorn valuation.
Global presence
Founded in 2003, Chrono24 is a direct-to-consumer watch marketplace that facilitates financial transactions and sales of new and pre-owned luxury watches. The company has over 500,000 watches listed on its website, with a total of 30,000 private sellers. It also offers music streaming, music downloads, and ad-supported music.
Chrono24 plans to use the new funding to further international growth and enhance the user experience. The company will also increase its focus on the pre-owned luxury watch market. In addition, the company planned to launch a new Luxury Stores marketplace in September 2020. The new marketplace will offer exclusive items from luxury brands and a dedicated customer service hotline.
Chrono24 has already emerged as one of the leading digital marketplaces for luxury watches. It has an impressive user base of 500,000 unique visitors daily, with a six-digit purchase request generated monthly. Chrono24 serves a customer base of 3,000 retail dealers across the globe. It currently operates in more than 100 countries. It also has offices in Chicago and Los Angeles.
Chrono24 plans to use its new investment to bolster its team and help it expand internationally. Its newfound capital will help Chrono24 better serve the needs of a growing number of watch collectors. Chrono24 also plans to improve its user experience by adding new features and hiring top talent. In addition, Chrono24 plans to continue focusing on its sustainable business model.
Chrono24’s investor base includes General Atlantic, Insight Partners, Aglae Ventures, and Sprints Capital. These firms have experience in the resale and luxury watch industries and are also growth equity firms. The company has raised more than $200 million in funding to date. The company has also secured investment from Groupe Arnault, the family investment company of LVMH founder Bernard Arnault.
Chrono24’s leadership team includes CEO Tim Stracke, co-CEO Holger Felgner, and former Richemont director Gianni Serazzi. The company has offices in Los Angeles, Chicago, and San Francisco, California. In addition to facilitating financial transactions and selling new and pre-owned luxury watches, Chrono24 offers on-demand music downloads, ad-supported music, and music video.
Pre-owned luxury watch market
Founded in 2003, Chrono24 is a leading global online marketplace for luxury watches. The company’s website receives over 500,000 unique visitors daily and hosts 500,000 watches from over 3,000 retailers. The company offers a secure platform for financial transactions and an authentication service. The company also has a customer service hotline.
Chrono24 was one of the first companies to leverage technology to connect watch dealers and collectors. Chrono24 plans to capitalize on the growing pre-owned luxury watch market, deepen its presence in existing markets, and bring in a new generation of watch collectors. The company’s management team includes founder Tim Stracke, co-CEO Holger Felgner, and former Richemont director Gianni Serazzi.
In addition to its online marketplace, Chrono24 also operates a network of more than 3,000 retail dealers across the globe. Chrono24 also has a customer service hotline that offers a 14-day return policy.
Chrono24’s founders and investors include Holger Felgner, Gianni Serazzi, Alberto Grignolo, and others. The company has raised more than 200 million euros and has a more than $1 billion valuation.
Chrono24 plans to expand its market presence internationally and deepen its presence in existing markets. It also plans to build a global team of top talent and enhance its user experience. The company is currently headquartered in Karlsruhe, Germany, and serves a customer base of 3,000 private sellers and retail dealers. The company has generated six-digit purchase requests in the most recent quarter.
Chrono24 plans to improve its user experience with new features and an enhanced global team. In addition to providing a secure platform for financial transactions, Chrono24 is committed to sustainable business practices. The company also planned to build a new marketplace in September 2020. The marketplace will feature exclusive items from luxury brands.
Chrono24’s market presence is strong in more than 100 countries, and the company plans to expand its international footprint. The company also plans to leverage its newly-raised capital to speed up growth and bring in a new generation of watch buyers.
Chrono24 plans to leverage its newfound capital to accelerate growth and add new talent to its global team. The company also plans to strengthen its user experience and enhance its global presence in the pre-owned luxury watch market.
New markets to focus on
Investing in the pre-owned luxury watch market is a smart move for Chrono24, a digital marketplace that helps people buy and sell luxury watches. Chrono24 has a growing presence in more than 100 countries and plans to leverage new capital to expand internationally.
Currently, 70 percent of the transactions on Chrono24 are cross-border. As the market for second-hand watches grows, Chrono24 will be able to expand its global presence and improve the experience of customers. The company will also be able to offer a global logistics service. It will also be able to offer exclusive items from luxury brands. It will be able to enhance the user experience by adding new features and talent to its team.
Chrono24 is currently the world’s leading online marketplace for luxury watches. It has developed a secure and user-friendly platform that allows financial transactions between buyers and sellers. The company currently serves a customer base of more than 3,000 retail dealers, private sellers and collectors. The company has over 500,000 watches listed, and its user base includes a total of 500,000 unique visitors each day.
Chrono24 has recently participated in a funding round for expansion. This round of funding raised more than 118 million euros, and Chrono24 plans to use the new capital to expand internationally and enhance the user experience. Chrono24 also plans to expand its reach into new markets by hiring top talent and deepening its presence in existing markets.
Final Words
Several investors, including Alberto Grignolo, the founder of YOOX-NET-A-PORTER, and several other renowned growth equity firms back the company. In addition, Chrono24 is backed by several inventors and investors, including Bernard Arnault, the CEO and founder of LVMH. In addition to the investment, Chrono24 received support from Aglae Ventures, a technology-focused venture capital firm. Aglae Ventures is backed by the Arnault family investment firm, Groupe Arnault, and has previously invested in companies including Netflix and Spotify.
The company plans to add new features to enhance the user experience and increase its focus on the pre-owned luxury watch market. It will also continue building out its international presence, including Los Angeles, Chicago and New York offices.
