{"id":42016,"date":"2018-01-18T12:02:26","date_gmt":"2018-01-18T10:02:26","guid":{"rendered":"https:\/\/newserver.fyb.de\/endeit-capital-acquires-stake-in-luxury-watch-portal-chronext\/"},"modified":"2018-01-18T12:02:26","modified_gmt":"2018-01-18T10:02:26","slug":"endeit-capital-acquires-stake-in-luxury-watch-portal-chronext","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/endeit-capital-acquires-stake-in-luxury-watch-portal-chronext\/","title":{"rendered":"Endeit Capital acquires stake in luxury watch portal Chronext"},"content":{"rendered":"

Colo\u00adgne \u2014 Venture capi\u00adtal inves\u00adtor Endeit Capi\u00adtal <\/strong>and Tengel\u00admann Ventures<\/strong> invest $34 million<\/strong> in Chron\u00adext AG, an emer\u00adging online portal for luxury watches.<\/p>\n

Partech Ventures, Capna\u00admic Ventures, NRW.BANK, InVen\u00adture Part\u00adners <\/strong>and Octo\u00adpus Vent<\/strong> ures most recently inves\u00adted 11 million euros in 2016 in the young company, which is based in Zug, Switz\u00ader\u00adland, in London and in Colo\u00adgne. Previously, around more than $5 million had alre\u00adady flowed into the watch store, which was laun\u00adched in 2013. Chron\u00adext compe\u00adtes in the watch segment with compa\u00adnies such as Chrono24, Horando, Mont\u00adredo and Watch\u00admas\u00adter, among others. Chrono24 alre\u00adady raised 21 million euros in 2015.<\/p>\n

Endeit Capi\u00adtal is a VC inves\u00adtor based in Amster\u00addam and Hamburg that provi\u00addes growth capi\u00adtal to young tech\u00adno\u00adlogy companies.<\/p>\n

Since 2009, Tengel\u00admann Ventures has inves\u00adted in more than 50 compa\u00adnies and is one of the leading venture capi\u00adtal inves\u00adtors in Germany. Many of these compa\u00adnies have become global play\u00aders and market leaders in their respec\u00adtive market segments. The focus is on early and later stage invest\u00adments in the areas of consu\u00admer inter\u00adnet, market\u00adplaces and technology.<\/p>\n

CHRONEXT AG (www.chronext.com) was foun\u00added in 2013 by Phil\u00adipp Man and Ludwig Wurlit\u00adzer. The leading e\u2011commerce company for luxury watches has opened its first store in London, employs around 100 people and has a 250 sqm watch work\u00adshop for quality and authen\u00adti\u00adcity test\u00ading. With a head office in Zug (Switz\u00ader\u00adland) and further offices in London and Colo\u00adgne, the company is inter\u00adna\u00adtio\u00adnally posi\u00adtio\u00adned and ensu\u00adres a fast and secure service. CHRONEXT simpli\u00adfies the comple\u00adxi\u00adties of the watch market and enables a unique buying experience.<\/p>\n

Advi\u00adsors to Endeit Capi\u00adtal: CMS Germany
\n<\/strong>A cross-border team led by Dr. Malte Bruhns and Dr. Stephan Werlen provi\u00added legal advice to Endeit Capi\u00adtal. In addi\u00adtion to Endeit Capi\u00adtal and Tengel\u00admann Ventures, exis\u00adting inves\u00adtors inclu\u00adding Partech Ventures, Capna\u00admic Ventures and Octo\u00adpus Ventures parti\u00adci\u00adpa\u00adted in the $34 million finan\u00adcing round. CMS has acted for Endeit Capi\u00adtal on seve\u00adral occa\u00adsi\u00adons in the past.
\n<\/strong>Dr. Malte Bruhns, Lead Part\u00adner, Stephan Weling, Senior Asso\u00adciate, both Corporate\/M&A
\nCMS Switz\u00ader\u00adland: <\/strong>Dr. Stephan Werlen, Part\u00adner, Corporate\/M&A<\/p>\n","protected":false},"excerpt":{"rendered":"

Colo\u00adgne \u2014 Venture capi\u00adtal inves\u00adtor Endeit Capi\u00adtal and Tengel\u00admann Ventures invest $34 million in Chron\u00adext AG, an emer\u00adging online portal for luxury watches. Partech Ventures, Capna\u00admic Ventures, NRW.BANK, InVen\u00adture Part\u00adners and Octo\u00adpus Vent ures most recently inves\u00adted 11 million euros in 2016 in the young company, which is based in Zug, Switz\u00ader\u00adland, in London and [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":42030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366],"tags":[],"class_list":["post-42016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","news-category-venture-capital-news"],"yoast_head":"\nEndeit Capital acquires stake in luxury watch portal Chronext - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/endeit-capital-acquires-stake-in-luxury-watch-portal-chronext\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Endeit Capital acquires stake in luxury watch portal Chronext - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Colo\u00adgne \u2014 Venture capi\u00adtal inves\u00adtor Endeit Capi\u00adtal and Tengel\u00admann Ventures invest $34 million in Chron\u00adext AG, an emer\u00adging online portal for luxury watches. 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