Chrono24 begins 2024 with a brand new CEO: Tim Stracke and Holger Felgner, who’ve led the corporate since taking up a small, struggling market in 2010 and rising it into the world’s largest specialised watch buying and selling platform with 9 million month-to-month energetic prospects.
Mr. Stracke turns into CEO and he and Mr. Felgner stay important shareholders.
Nonetheless, for the buyers behind Chrono24, the time has come for brand new management within the type of Carsten Keller, who will take over as CEO on January 1st.
“Though the choice was not straightforward, Holger and I at all times knew that in some unspecified time in the future we must discover a successor to guide Chrono24 into the subsequent section of development. Carsten’s experience within the luxurious business and fast-moving on-line marketplaces, in addition to his expertise within the administration group of a listed firm, make him a one-in-a-million candidate to begin the subsequent chapter for Chrono24. We’re very excited to see every part he’ll do.”
Mr. Keller brings many years of expertise in on-line retail, market and technique, together with the final eight years at Zalando, a listed German style and wonder e-commerce firm valued at €5.76 billion, the place he was CEO of Linked Retail, a third-party market that sells hundreds of manufacturers and retailers to the flagship style website’s 25 million energetic customers.
Deven Parekh, Managing Companion at Perception Companions, certainly one of Chrono24’s lead buyers, stated the corporate’s Board of Administrators is grateful to Mr. Stracke and Mr. Felgner for his or her distinctive management and invaluable contributions, which have been pivotal to Chrono24’s success. and that Mr. Keller is undoubtedly the absolute best successor.
“He’s a confirmed chief, an ideal match for the corporate tradition, has a powerful enterprise imaginative and prescient and the flexibility to deliver folks collectively. “His perspective on the worldwide way forward for the posh business is an ideal match for Chrono24’s wants as we enter a brand new section of additional product innovation and development,” describes Mr. Parekh.
Mr. Keller is honored to have been provided the place of CEO. “Chrono24 has revolutionized the posh watch business over the past 20 years. The chance that lies earlier than us is big. “A giant a part of my job will now be to strengthen our focus, innovation and acceleration abilities – in order that Chrono24 turns into the house for each watch lover,” he guarantees.
Information and figures about Chrono24
- Based in 2003
- Taken over by Tim Stracke and Holger Felgner in 2010
- Securing financing of 100 million euros from Normal Atlantic with the participation of Aglaé Ventures, a enterprise capital agency backed by Groupe Arnault, the bulk shareholder of LVMH.
- Aglaé Ventures is a technology-focused enterprise capital agency based mostly in Paris, New York and San Francisco, backed by Groupe Arnault, LVMH’s majority shareholder.
- 200 million euros have been raised in all financing rounds. The funding in 2021 valued the corporate at over 1 billion euros.
- Buyers embody Normal Atlantic, Perception Companions, Sprints Capital, Bernard Arnault’s Aglaé Ventures and Cristiano Ronaldo
- 35,000 industrial and personal sellers supply watches on the platform
- There are at present 530,000 timepieces marketed
- Greater than 9 million month-to-month energetic prospects worldwide.
