# New Horizon

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/new-horizon

- Industry: Financial Services
- Headquarters: Berlin, Germany
- Website: www.timeless.investments
- Total disclosed funding: $20M
- Latest round: Seed (Oct 28, 2021)
- Investors on record: 5

## About

Founded in 2018 and based in Berlin, Germany, New Horizon GmbH, trading under the name Timeless, is a provider of a blockchain platform that allows users to buy shares of the company's acquired unique or rare assets like shoes, watches, luxury cars, and other collector's items. In January 2024, New Horizon GmbH raised EUR 11.5 million from venture funding investor EQT. Malte Häusler was appointed as the CEO of New Horizon GmbH.


New Horizon GmbH offers a mobile app (Timeless) that allows users to browse collectibles like watches, artwork, and rare spirits investment opportunities, manage their investments, and track performance. The company utilizes a network of experts to identify collectibles with growth potential. They handle the entire process of acquisition, storage, insurance, and maintenance of these assets. The firm curates a selection of collectible investment opportunities every week that allow users to invest in individual assets or participate in a monthly savings plan starting at EUR 50. Additionally, the Timeless app allows users to trade their fractions of collectibles with other investors before the full asset is sold.  The platform monitors market conditions to identify the optimal time to sell each asset and maximize returns for investors.


The company will use the January 2024 funding to expand its market reach in Europe and maintain its position as the industry leader in collectible investments.

## Funding rounds

- Seed, Oct 28, 2021, $14M — EQT, Porsche Ventures, La Roca Capital, C3 Venture Capital
- Seed, Apr 29, 2020, $6M — Finlab, Porsche Ventures, La Roca Capital

## Investors

- Finlab — Seed
- Porsche Ventures (https://capitalatlas.ai/funds/porsche-ventures) — Seed
- La Roca Capital — Seed
- EQT (https://capitalatlas.ai/funds/eqt) — Seed
- C3 Venture Capital (https://capitalatlas.ai/funds/c3-venture-capital) — Seed