Watchmaster

Watchmaster

Online store of pre-owned luxury watches. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
CAD60—90m (Dealroom.co estimates May 2021.)
Company register number HRB 166416 B (Charlottenburg (Berlin))
Berlin Germany (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2015201820192020202120222023
Revenues--7.7m7.7m8.2m9.8m9.8m
% growth----7 %19 %-
Profit(1.7m)(5.0m)(5.7m)(4.0m)---
% profit margin--(74 %)(53 %)---
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DateInvestorsAmountRound
-

N/A

-
N/A

N/A

Angel
*

€1.4m

Seed

€6.9m

Series A
*
N/A

€9.0m

Series C
N/A

€4.0m

Debt

€3.0m

Early VC

N/A

Late VC
*

N/A

Early VC

€10.0m

Early VC
Total FundingCAD45.5m

Recent News about Watchmaster

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More about Watchmasterinfo icon
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Watchmaster is a specialized online marketplace for buying and selling certified pre-owned, new, and vintage luxury watches. The company caters to watch enthusiasts and collectors who seek high-quality timepieces from renowned brands such as Rolex, Breitling, Omega, and Tag Heuer. Operating in the luxury watch market, Watchmaster offers a wide range of watches that are immediately available online, ensuring a seamless shopping experience.

The business model revolves around both direct sales and commission-based sales. Customers can purchase watches outright or opt for financing options to fulfill their desires through installment purchases. Additionally, Watchmaster provides a convenient platform for individuals looking to sell their watches. The company offers free evaluations, insured pick-up services, and professional reconditioning by in-house watchmakers. Sellers can choose between direct sales, commission sales, or trade-ins, with immediate payouts upon successful sales.

Watchmaster generates revenue through the sale of luxury watches, commissions on sales, and trade-in transactions. The company ensures certified quality and guaranteed authenticity for all watches, backed by a comprehensive certification process and warranties.

Keywords: luxury watches, certified pre-owned, Rolex, Breitling, Omega, Tag Heuer, online marketplace, professional refurbishments, financing options, trade-ins.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Watchmaster

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Montres Modernes et de Collection
ACQUISITION by Watchmaster Jul 2021