Announced
Completed
Financials
Tags
Clothing and Accessories
Acquisition
Completed
Minority
Private
Private Equity
watches
Cross Border
Germany
Friendly
Synopsis
General Atlantic, an American growth equity firm providing capital and strategic support for global growth companies, led a €100m Series C funding round in Chrono24, a global digital marketplace for new and pre-owned luxury watches. Additon investors include Aglae Ventures, Insight Partners and Sprints Capital. "Since its establishment in 2003, Karlsruhe-based Chrono24 has become a global pioneer in the creation of a cross-border online marketplace for luxury watches, with an innovative model underpinned by transparency and sustainability. We are pleased to support Chrono24 with our capital and expertise in its ongoing global expansion," Jörn Nikolay, General Atlantic Managing Director.
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