Watchmaster ICP
Latest round
- Series C
Last raised
- Nov 2018
Total raised
- $25M
Investors
- 5
About Watchmaster ICP
Watchmaster ICP GmbH specializes in the luxury watch market, providing a platform where customers can buy and sell pre-owned timepieces.000 mn.000 mn.Watchmaster is primarily focused on the luxury watch market, offering a curated platform for buying and selling pre-owned timepieces. Their core product includes a diverse array of high-end watches from reputable brands, catering specifically to watch enthusiasts and collectors. The platform addresses the need for transparency and trust in the second-hand luxury watch market, providing detailed product information and authenticity guarantees to ensure customer confidence. Their services also encompass a valuation process for sellers, which involves expert assessments to determine the fair market value of watches, thus streamlining the selling process.Watchmaster generates revenue primarily through the sale of pre-owned luxury watches, with a structured transaction model that includes direct sales to consumers. The company facilitates transactions where sellers list their watches on the platform, and upon successful sale, Watchmaster earns a commission on the sale price. This model aligns with a B2C approach, as customers engage directly with the platform to purchase watches. Additionally, partnerships with luxury watch brands and retailers enhance the product offerings available on the platform, potentially increasing sales volume. The pricing structure reflects the premium nature of the products, with flagship timepieces commanding higher price points, thereby contributing to the overall revenue generated from these transactions.In November 2022, Watchmaster ICP GmbH filed for bankruptcy, which significantly impacts its future growth plans. While the company aims to explore potential restructuring opportunities, there currently are no disclosed strategies for new product launches or expansion into new markets.
Who invested in Watchmaster ICP
5 investors across 4 rounds
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Questions about Watchmaster ICP
Who invested in Watchmaster ICP?
Watchmaster ICP has 5 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Watchmaster ICP raised?
Watchmaster ICP has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Watchmaster ICP last raise money?
Watchmaster ICP's most recent round on record is a Series C, in Nov 2018.
What does Watchmaster ICP do?
Watchmaster ICP GmbH specializes in the luxury watch market, providing a platform where customers can buy and sell pre-owned timepieces.
Where is Watchmaster ICP headquartered?
Watchmaster ICP is headquartered in Berlin, Germany.
Which VCs invest in companies like Watchmaster ICP?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Generation Investment Management back consumer products companies at Watchmaster ICP's stage. Their profiles are linked below.
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