# CHRONEXT Service Germany

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chronext-service-germany

- Industry: Consumer Products
- Headquarters: Cologne, Germany
- Website: www.chronext.com
- Total disclosed funding: $117M
- Latest round: Series E (Feb 26, 2020)
- Investors on record: 13

## About

CHRONEXT Service Germany GmbH is a luxury watch retailer headquartered in Cologne, Germany, offering an extensive range of new and certified pre-owned timepieces to discerning customers globally.Founded in 2013, CHRONEXT specializes in the online sale of luxury watches, providing a trusted platform for both new and certified pre-owned timepieces. The company has completed a total of 7 deals, with the most recent funding round being a Series E, raising USD 65.00 mn on April 26, 2023, led by Slingshot Ventures. Philippe Roten serves as the CEO.CHRONEXT specializes in the online retail of luxury watches, offering a diverse range of products that includes both new and certified pre-owned timepieces from renowned brands such as Rolex, Omega, Patek Philippe, and IWC. The company emphasizes quality and authenticity through their CHRONEXT certificate, which guarantees the legitimacy of each watch sold. Their offerings cater to various customer segments, including luxury watch collectors and first-time buyers, providing a seamless shopping experience through their online platform and mobile app.In the most recent fiscal year, CHRONEXT generated revenue of USD 114,820,805.60, with an EBITDA of USD -12,710,026.60. Revenue is primarily derived from direct-to-consumer sales of luxury watches, including both new and certified pre-owned models, supported by a 24-month warranty and free part revisions within two years of purchase.CHRONEXT aims to utilize the recent funding raised in April 2023 to enhance its online platform and expand its product offerings. Specific plans include the launch of new luxury watch brands and models, although release dates have not been detailed. Additionally, the company plans to target expansion into new markets across Europe and North America, aiming for increased presence and market penetration by the end of 2024.

## Funding rounds

- Series E, Feb 26, 2020, $65M — Partech Partners, NRW Bank, Capnamic, Endeit Capital, Tengelmann Ventures Management, Octopus Investments, Slingshot Ventures
- Series D, Jan 11, 2018, $34M — Partech Partners, Capnamic, Endeit Capital, Tengelmann Ventures Management, Octopus Investments
- Series C, Jun 14, 2016, $12M — Partech Partners, NRW Bank, Capnamic, Inventure Partners, Octopus Investments
- Series B, Nov 3, 2015, $5.3M — Partech Partners, Altus Capital Partners, NRW Bank, Capnamic, Playfair Capital, Inventure Partners, MGO Digital Ventures
- Series A, Nov 10, 2014 — NRW Bank, Capnamic, Quintessentially Group
- Series A, Sep 1, 2014 — JamJar Investments

## Investors

- JamJar Investments (https://capitalatlas.ai/funds/jamjar-investments) — Series A
- NRW Bank — Series A, Series B, Series C, Series E
- Capnamic (https://capitalatlas.ai/funds/capnamic) — Series A, Series B, Series C, Series D, Series E
- Quintessentially Group — Series A
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series B, Series C, Series D, Series E
- Altus Capital Partners (https://capitalatlas.ai/funds/altus-capital-partners) — Series B
- Playfair Capital (https://capitalatlas.ai/funds/playfair-capital) — Series B
- Inventure Partners — Series B, Series C
- MGO Digital Ventures (https://capitalatlas.ai/funds/mgo-digital-ventures) — Series B
- Octopus Investments (https://capitalatlas.ai/funds/octopus-investments) — Series C, Series D, Series E
- Endeit Capital (https://capitalatlas.ai/funds/endeit-capital) — Series D, Series E
- Tengelmann Ventures Management (https://capitalatlas.ai/funds/tengelmann-ventures-management) — Series D, Series E
- Slingshot Ventures (https://capitalatlas.ai/funds/slingshot-ventures) — Series E