Chronext, a Zug, Switzerland-based online luxury watch marketplace, secured €11m in Series C funding.
The round was led by Partech Ventures with participation from Octopus Ventures, Capnamic Ventures, NRW.BANK and InVenture Partners.
The company intends to use the funds to expand into Germany and other countries.
Founded in 2013 by Philipp Man and Ludwig Wurlitzer, Chronext operates a curated online marketplace for new and second-hand luxury watches. Every watch offered is examined in the company’s certified in-house watchmaking atelier, thus guaranteeing the quality and the authenticity of each timepiece available for sale. A watchhunter team – free of charge – can also source watch for consumers in the case they don’t find their model available.
The company also operates a London-based boutique and offices in Cologne.