Tengelmann Ventures has co-led a series D round for luxury watch seller Chronext, which will use the cash to expand to the US and Asia.
Switzerland-based luxury watch marketplace Chronext has secured $34m in a series D round co-led by Tengelmann Ventures, the corporate venture capital subsidiary of retail group Tengelmann, TechCrunch reported yesterday.
Venture capital firm Endeit Capital co-led the round, which also featured investment firm Octopus Investments and VC firms Capnamic and Partech Ventures.
Founded in 2013, Chronext has built an online marketplace for new and pre-owned luxury watches. Items undergo a close inspection and authentication in the company’s workshops and come with…
