Founded in 2012, Chrono24 118m general atlantic 236m is an online marketplace for buying and selling music. It has a catalog of over a million tracks and is based in San Francisco, California. It has partnered with a wide variety of other companies, including Spotify and Spotify Connect, to sell music to a global market. Its product offerings include ad-supported music, music downloads, music streaming, and music video on demand. It has offices in San Francisco, New York, Chicago, Toronto, Los Angeles, London, and Berlin. It was recently selected to participate in a funding round, which will help fund expansion and new markets.
Funding round
Among the first companies to pioneer the digitalization of the luxury watch industry, Chrono24 118m general atlantic 236m recently secured an investment round of more than US $ 118 million. The round was led by General Atlantic, with participation from other investors, including Aglae Ventures and Insight Partners. This new infusion of capital will help Chrono24 further its international growth. Its new team will be bolstered with additional talent hires, and the company plans to leverage the money to improve its user experience.
Chrono24 118m general atlantic 236m , which started as an online peer-to-peer marketplace for luxury watches in 2003, was among the first companies to leverage technology to connect watch dealers and collectors. In the years since, Chrono24 has established itself as a global pioneer in the luxury watch online marketplace, and its model is supported by transparency and sustainability. It now lists almost 500,000 luxury watches for sale. Its market presence is strong in more than 100 countries, with access to 30,000 private sellers.
Chrono24’s new funding round signals investor appetite for the second-hand watch market. Its total funding is now more than US $1 billion, making it the first digital watch marketplace to reach a unicorn valuation. The company’s management participated in the round, including co-CEO Holger Felgner and CFO Stephan Kniewasser.
Chrono24 118m general atlantic 236m is already a leader in the market for second-hand watches and is planning to leverage its new funding to ramp up growth. It will expand its global presence by adding new talent and improving the user experience in the pre-owned luxury watch market. Its management team includes founder Tim Stracke, former Richemont director Gianni Serazzi, and Holger Felgner, who previously worked at TeamViewer. Chrono24 also plans to expand its global team with new talent hires, and will enhance its user experience with new features and functionality.
Chrono24, which has a presence in more than 100 countries, has a total of 500,000 unique visitors a day. It serves a customer base of 3,000 retail dealers and private sellers. The company is also planning to launch its Luxury Stores marketplace in September 2020, which will offer customers access to exclusive items from each luxury brand.
Expansion plans
Despite being based in Karlsruhe, Germany, Chrono24 is already a global leader in the luxury watch online market. In fact, it already lists half a million expensive watches for sale. It generated a six digit purchase request in its most recent quarter, and has a user base of 500,000 unique visitors per day. Among other things, it also has a fancy website and a customer service hotline. In addition to its online presence, Chrono24 operates more than 3,000 retail dealers across the globe.
Chrono24 plans to expand its global footprint with new investments, improved logistics and enhanced user experiences. It also intends to snag the attention of a younger generation of collectors and watch enthusiasts by expanding its customer service offerings. In order to achieve its ambitions, Chrono24 has enlisted the help of investors such as former Richemont director Gianni Serazzi, YOOX-NET-A-PORTER founder Alberto Grignolo and General Atlantic.
The largest amount of funding Chrono24 has secured is in its most recent round, and it was led by growth equity firm General Atlantic. Other investors in the round include Sprints Capital and Insight Partners. Chrono24 intends to use its latest capital injection to help the company grow in both existing and emerging markets. The company plans to augment its global team with top talent and make the most of its new investment. In particular, the company is focusing on a new feature that will allow customers to view exclusive items from each luxury brand, including those made by the likes of Bulgari, Chopard, Cartier, Fossil and Gucci. It will also launch a new feature, dubbed the “Luxury Stores” platform, which will serve as a platform for private sellers and luxury brands to sell and exchange watches online. The company plans to launch its Luxury Stores platform in September of 2020, and will have a new customer service hotline to boot.
The company is also looking to scale its operations globally, with plans to launch a new marketplace in September of 2020. The company also plans to boost its presence in existing markets, such as Germany, with an enhanced user experience, as well as to leverage its newfound capital.
New markets
Founded in 2003, Chrono24 118m general atlantic 236m is a leading global online marketplace for luxury watches. It offers a secure platform for financial transactions. With over 500,000 watches listed from over 3,000 retailers and private sellers, Chrono24 provides an unrivaled experience to luxury watch collectors around the world. The platform also supports a sustainable business model.
As a result of its pioneering efforts in digitizing the luxury watch industry, Chrono24 has emerged as the market leader in its field. Chrono24 currently serves 500,000 visitors per day and lists almost half a million luxury watches for sale. Chrono24 will use its new funds to expand internationally and increase its focus on the pre-owned luxury watch market. Chrono24 will also enhance its user experience to better serve a new generation of collectors.
Chrono24 has built a network of more than 3,000 watch dealers and private sellers in 100 countries. Chrono24 offers a platform that enables financial transactions, secures shipments, and facilitates the purchase and sale of new and pre-owned luxury watches. Chrono24 has also secured more than EUR200 million in funding. The company is backed by a group of investors, including YOOX-NET-A-PORTER founder Alberto Grignolo and former Richemont director Gianni Serazzi.
Chrono24 will use the new funds to increase its global presence, augment its team, and improve the user experience. Chrono24 118m general atlantic 236m will also increase its focus on the pre-owned luxury watch market, which is growing rapidly. Specifically, Chrono24 will launch Luxury Stores, a marketplace in September 2020, which will feature exclusive items from a selection of luxury brands. It will also offer its customers a dedicated customer service hotline.
Chrono24’s fundraising efforts were led by General Atlantic, Aglae Ventures, Insight Partners, and Sprints Capital. These investors were joined by a majority of Chrono24’s existing shareholders. These include Chrono24’s founder, Tim Stracke, co-CEO Holger Felgner, and CFO Stephan Kniewasser. All of these investors have helped Chrono24 raise more than EUR200 million in funding. This new round of funding will enable Chrono24 to expand its international footprint and strengthen its team of experienced executives.
Top-tier partners
During the Series C funding round, Chrono24 received investment from Aglae Ventures, Sprints Capital and Insight Partners. The investment is an important step in the company’s plans to scale internationally and deepen its presence in existing markets. The company plans to use the new capital to accelerate growth and enhance the user experience in the pre-owned luxury watch market. The company has already established itself as a leading online marketplace for luxury watches, listing almost 500,000 expensive watches.
Chrono24, founded in 2012 by co-CEO Holger Felgner and former Richemont director Gianni Serazzi, has created a cross-border online marketplace for luxury watches. The company has built a platform that supports the changing consumer behavior and provides a crucial proof-of-concept for the industry. It has become a market leader in more than 100 countries. The company has generated six-digit purchase requests on a monthly basis. The company plans to capitalize on this thriving market and service the next generation of collectors. In addition, Chrono24 plans to improve its user experience by adding more top talent to its global team.
In the past year, Chrono24 118m general atlantic 236m has raised cumulative funds of more than 200M EUR. The company has received investment from leading growth equity firms, including General Atlantic, Aglae Ventures and Sprints Capital. The company plans to leverage its new capital to expand internationally and improve the user experience. Chrono24’s leadership team includes co-CEO Holger Felgner, YOOX-NET-A-PORTER founder Alberto Grignolo and former Richemont director Gianni Serazzi.
