General Atlantic leads EUR 100m Series C for Chrono24

Felgner and Kniewasser also invested in the round, alongside new investors.

Chrono24 plans to leverage the new investment to accelerate its growth trajectory, including continuing to scale internationally, deepening its presence in existing markets and augmenting its global team with additional talent, the company said in a statement.

The Series C brings Chrono24's total funding to more than EUR 200m, according to a statement.

Chrono24 raised EUR 43m in a 2019 funding round that included Sprints Capital and Insight Venture Partners. The round was earmarked to help the company improve customer experience and accelerate its expansion; it brought the total funding raised by the company at the time to EUR 80m. An earlier round that year saw Sprints inject EUR 30m into the business.

In 2015, Insight Ventures invested EUR 21m in the company, in what is the earliest round of institutional funding recorded by Unquote Data.

Company
Founded in 2003 and based in Karlsruhe, Germany, Chrono24 is an online marketplace for luxury watches. The company claims to average 500,000 unique visitors per day.

People
Chrono24 – Tim Stracke (co-CEO).
General Atlantic – Jörn Nikolay (managing director).

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• Topics
• Expansion
• Consumer
• DACH
• Technology
• Venture
• General Atlantic