Advised CHRONEXT, a leading online marketplace for luxury watches, on its $34 million growth investment by Endeit Capital and Tengelmann Ventures
Arma Partners is pleased to announce that it has acted as exclusive financial advisor to CHRONEXT in securing a $34m growth financing round. Investors in the round include Endeit Capital and Tengelmann Ventures, as well as existing investors Octopus Ventures, Partech Ventures and Capnamic.
CHRONEXT operates an online marketplace that enables brands, retailers and consumers to buy, sell and service new and pre-owned luxury watches in a secure, authenticated environment with customers in over 130 countries worldwide.
CHRONEXT has offices and physical outlets in Zug (Switzerland), Cologne (Germany) and London (United Kingdom) and its platform supports the full range of industry participants including brands, distributors, retailers and watch buyers.
This transaction highlights Arma Partners’ deep expertise advising founder-led businesses in the Internet sector, proven capabilities in executing substantial growth financings and continues the firm’s strong track record of completed transactions in the DACH region.