Endeit Capital invests in luxury watch start-up Chronext with aid of CMS
Cologne – Venture capital investor Endeit Capital has taken a stake in Chronext AG, an up-and-coming online portal for luxury watches.
A cross-border team led by Dr Malte Bruhns and Dr Stephan Werlen advised Endeit Capital on legal aspects of the transaction. Alongside Endeit Capital and Tengelmann Ventures, the existing investors – which include Partech Ventures, Capnamic Ventures and Octopus Ventures – also took part in the round of financing, which raised a total of USD 34 million.
CMS has acted for Endeit Capital several times in the past.
Endeit Capital is a VC investor based in Amsterdam and Hamburg that provides growth capital to young technology companies.
E-commerce firm Chronext was founded in 2013 and specialises in buying and selling luxury watches plus offering associated services.
Dr Malte Bruhns, Lead Partner
Stephan Weling, Senior Associate, both Corporate/M&A
Dr Stephan Werlen, Partner, Corporate/M&A