 
                Watchmaster raises $8m from Cherry Ventures et al.
Cherry Ventures has led the $8m series-B for German watch trading platform Watchmaster, alongside Piton Capital and Zalando founders Robert Gentz and David Schneider.
The new funds will be used to further develop the business within Europe and launch first non-European markets.
Watchmaster's competitors recently received sizable funding rounds as well: in November 2015, Chronext raised a $5.3m round from Partech, Capnamic Ventures and others, while Chrono24 raised €21m from Insight Ventures in July 2015.
Previous funding
Watchmaster received seed capital from Cherry and Piton in August 2015. A $5.5m series-A led by Piton followed in November that year.
Company
Founded in April 2015, Watchmaster operates a platform to buy and sell watches online, specialising in new and pre-owned luxury watches. The company sources these watches from both consumers and watch dealers, and provides value-adding services such as refurbishment and certification. Watchmaster is based in Berlin, Germany.
People
Cherry Ventures – Daniel Glasner (managing partner).
Watchmaster – Stephan Heller (CEO, founder).
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