• CHRONEXT

  Participated · Equity · Nov 2015

  CHRONEXT operates an independent Swiss digital platform for buying and selling new, vintage and certified pre-owned luxury watches, combining e-commerce convenience with the service of an experienced dealer. The company was founded in 2013 and maintains quality control through a team of more than 20 in-house watchmakers. CHRONEXT blends online access with dealer-level services, offering authentication and servicing for second-hand luxury timepieces. In 2022 the company reported annual revenue in the range of three‑digit millions. Management and investors have signaled plans to expand the business activities with additional support from new investors. The recent board and investor additions are intended to strengthen marketing and sales expertise. Chronext operates an online marketplace that buys and sells new and pre-owned luxury watches and manages pre- and after-sale service, payment, authentication and logistics. The company authenticates every watch via its own watchmakers and sells directly to customers through CHRONEXT. Its platform brings together over 1,800 retailers, brands and consumers to enable global transactions while ensuring legitimacy and service. Chronext reported $60 million in transaction volume in 2017 and expected to reach $130 million in 2018, indicating rapid growth. The founders, Philipp Man and Ludwig Wurlitzer, built the platform—Man with a background at Boston Consulting Group and GlencoreXstrata and Wurlitzer from fine art and IT—after researching the luxury watch market. The company focuses on removing information asymmetry and fakes from the used-watch market by providing authenticated, serviced pieces for buyers and sellers. Chronext operates a curated online marketplace for new and second‑hand luxury watches. Every watch offered is examined in the company’s certified in‑house watchmaking atelier, guaranteeing quality and authenticity. The company also provides a free "watchhunter" service to source models for consumers. Chronext runs a London boutique and maintains offices in Cologne. Founded in 2013 and based in Zug, Switzerland, the company plans to use new funding to expand into Germany and other countries. It announced a €11m Series C to support that expansion. Chronext is a Cologne-based e-commerce marketplace for buying, selling and servicing luxury watches that offers a secure customer experience. Founded in 2013 by CEO Philipp Man and Chief Product Officer Ludwig Wurlitzer, the company operates branches in London, Cologne and Zug, Switzerland. It serves an international client base numbering over tens of thousands of clients. Chronext combines marketplace transactions with watch servicing capabilities on its platform. The company closed a $5.3M venture capital round and plans to use the funds to increase marketing, technology and customer success efforts. It aims to expand its market share in German-speaking Europe and the UK.

No current team members are available.