Digital trade with luxury watches: Taylor Wessing advises Unicorn Chrono24 on Series C financing round worth over €100 million

Chrono24 has closed a Series C financing round with a volume of over 100 million euros with the participation of new investors and existing shareholders. The Series C financing round was based on a valuation of more than one billion US dollars, thus making Chrono24 a "unicorn". A team from the international law firm Taylor Wessing, led by Hamburg-based partner Jens Wolf, advised Chrono24 - same as in previous financing rounds - on all legal matters related to the Series C financing round.

Among the investors in the Series C financing round are new investors General Atlantic, a leading global venture capital firm, and Aglaé Ventures, the technology arm of the Arnault family’s investment company, as well as the existing shareholders Insight Partners and Sprints Capital.

Chrono24 is a leading global online marketplace for luxury watches, currently employs around 400 people internationally and reaches over 9 million unique visitors per month in more than 100 countries.

The majority of the funds raised in the Series C financing round will be invested in the further growth and internationalization of Chrono24.

Legal advisors MPN Marketplace Networks GmbH

Taylor Wessing Germany: Lead Partner Dr. Jens Wolf (Partner, M&A/Venture Capital, Hamburg/Berlin), Philipp Hoegl (Senior Associate, M&A/Venture Capital, Hamburg), dr. iur. (PPKE) László Molnár, LL.M. (Associate, M&A/Venture Capital, Hamburg)

Inhouse MPN Marketplace Networks GmbH: Daniel Weiss (General Counsel)