Chronext raises $34 million to move good watches to your unclothed wrist

There are a series of services that let we sell your used watches or simply squeeze new watches though few have a appropriation fight chest of Chronext. This online services lets we buy and sell imagination watches for a fragment of a cost and, as evidenced by their opening and a opening of aspirant Crown and Caliber, it looks like that marketplace is heating up.

Created by Philipp Man and Ludwig Wurlitzer that startup has seen $60 million in transaction volume in 2017 and expects to see $130 million in 2018. They’ve lifted a second $34 million turn from Endeit Capital and Tengelmann Ventures and have already taken $16 million to start a business.

Whether you’re prepared to spend $30,000 or $3,000, these guys have your back.

Man, a CEO, has a credentials during a Boston Consulting Group spent time during GlencoreXstrata before removing into watches full time. He wrote his dissertations on a oppulance watch market. Wurlitzer, a CPO, has a credentials in a excellent art and IT sectors. He grown a platform.

“CHRONEXT allows over 1,800 retailers, brands and consumers to do business globally. The association takes caring of pre- and after-sale service, payment, authentication and also logistics,” pronounced Man. “Despite being a marketplace, a patron always buys directly from CHRONEXT and so has all a confidence of shopping with a dedicated tradesman while during a same time being means to daub into a tellurian supply network. Every watch is real by a possess watchmakers.”

The founders combined a association after experiencing a used book market. The used watch marketplace is engaging in that unlawful information has been driven out of a system. Any seller with an Internet tie can simply endorse either their Rolex or Omega is value a few hundred or a few thousand though bad actors still abound. Fakes still cocktail adult and some watches are too distant left to use. Services like Chronext safeguard that a square you’re shopping works and is legitimate.

“Being heavily into watches and preoccupied by giveaway marketplace dynamics in a trade of consumer products, we saw outrageous intensity for formulating a marketplace that authorised a secure and elementary tellurian trade of high peculiarity timepieces,” pronounced Man. “We combined a initial truly transactional oppulance watch marketplace for both new and pre-owned watches as good as bringing together retailers, brands and consumers on one platform.”

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Posted by on Jan 11 2018. Filed under Startups. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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