Chrono24, the largest online marketplace for new and used luxury watches in the world, said today that it had raised more than 100 million euros ($118 million) in Series C funding. Series 118m Chrono24 Major international growth equity firm General Atlantic led the round, and Aglaé Ventures, which is run by the Arnault family, also took part. Since they are already investors, Insight Partners, and Sprints Capital are also in the round. Chrono24 has now raised more than 200 million euros, or about 236 million dollars, to help it grow.
What do you know about the General Atlantic Chrono24 118m Series?
With the new money, Chrono24 wants to speed up its growth. It will use the money to expand into new markets and hire top people for its global team. Series 118m Chrono24 General Atlantic is already the market leader in more than 100 countries. It also wants to improve the user experience to attract a new generation of collectors and take advantage of the growing market for pre-owned luxury watches. Chrono24 was one of the first big companies to use a digital marketplace to connect watch dealers and collectors from all over the world.
It was started in 2003 and was one of the first companies to digitize the offline luxury watch industry. About 500,000 people visit the company’s website every day, on average. Chrono24 shows about 500,000 luxury watches for sale at any given time from more than 3,000 stores and 30,000 private sellers in more than 100 countries around the world.
Everything You Need to Know About the Chrono24 118m Series
Chrono24 was one of the first big companies to use a digital marketplace to connect watch dealers and collectors from all over the world. The company was started in 2003, and its founders were among the first to digitise the luxury watch business, which had been done offline until then. The average number of unique users who visit the site every day has grown to 500,000. About half a million high-end watches are always for sale on Chrono24. This is possible because they work with more than 3,000 retail dealers and 30,000 private sellers in more than 100 countries.
Chrono24, which is based in Karlsruhe and was started in 2003, has become a world leader in creating a global online marketplace for luxury watches.
As Managing Director, Jorn Nikolay is in charge of General Atlantic’s business in Germany.
Chrono24 has a unique way of doing business that is based on being open and lasting. Chrono24 118m Series General Atlantic is a world leader in making an international online marketplace for luxury watches. We are happy to help Chrono24 grow its business around the world with money and ideas.
Chrono24 118m Series: Information About the Business
Tim Stracke, who started the company and is now one of its Co-CEOs, Holger Felgner, a former TeamViewer CEO, and Stephan Kniewasser, the company’s CFO, all continue to run the business. Most of the current owners of the company, like Felgner and Kniewasser, put money into the business along with the new investors. Sprints Capital led Chrono24’s Series B funding of 43 million euros in 2019. Other investors included former Richemont director Gianni Serazzi and YOOX-NET-A-PORTER founder Alberto Grignolo. This latest effort to raise money comes after that. It also comes after Insight Partners led the company’s Series A funding round in 2015, which brought in 37 million euros.
Recently, the number of transactions on Chrono24 has gone up by more than 30%, and the number of requests to buy each month is in the thousands. Chrono24 gives its customers a safe place to do business by offering a huge selection of new, used, and vintage watches from all over the world and a wide range of services. This lets buyers and sellers finish their deals. The global customer service team can help you by phone or email in 15 different languages. Chrono24 was started in 2003, and it has offices in Karlsruhe, Berlin, New York, and Hong Kong. The company employs almost 400 people. www.chrono24.com
The Chrono24 118m Series Explains How to Understand the General Atlantic
Since the beginning, General Atlantic has been a major global development equity company. The company has been around for more than 40 years and has given money and ideas to more than 400 growth companies. In 1980, the company was started to help entrepreneurs with big ideas make a lasting difference. To reach this goal, the company works with great entrepreneurs and management teams to help grow innovative businesses all over the world. It does this by using a global collaborative approach, sector-specific expertise, a long-term investment horizon, and a deep understanding of growth drivers.
The General Atlantic Chrono24 118m Series is about Aglaé Ventures.
Aglaé Ventures is a business that puts money into companies all over the world. It has offices in Paris, New York, and Los Angeles. It is backed by Agache, which is owned by the Arnault family and has the most shares in LVMH, the world’s most successful luxury goods company. Since the 1980s, Agache has helped creative businesses in different stages of growth that are growing quickly.
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