Chronext in €11m series-C round from Partech et al.

Octopus Ventures joined the round as a new investor, alongside previous backers Capnamic Ventures, NRW Bank and InVenture Partners.

The new funds are expected to allow Chronext to strengthen its growth in Germany and the UK, and increase its international expansion.

Previous funding
In November 2015, Chronext raised $5.3m in a series-B round led by Partech. The round included existing backers Capnamic and NRW, as well as new backers InVenture, MGO Digital Ventures, Altus Capital Partners, Playfair Capital and several business angels.

In November 2014, Capnamic invested an undisclosed amount in a series-A for Chronext. The VC committed capital alongside NRW, Quintessentially Group, JamJar Investments and other investors.

Company
Founded in 2013 by Philipp Man and Ludwig Wurlitzer, Chronext is an online platform for buying and selling luxury new and second-hand watches. It also has a flagship boutique in London.

The company currently offers an online selection of more than 15,000 watches. It is currently headquartered in Zug and has offices in Cologne and London.

People
Partech Ventures – Olivier Schuepbach (general partner).
Octopus Ventures – Will Gibbs (investment associate).
Capnamic Ventures – Joerg Binnenbruecker (managing partner).

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• Topics
• Expansion
• DACH
• Consumer
• DACH
• Switzerland
• Germany
• United Kingdom
• Partech Ventures
• Octopus Ventures
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