Spanish luxury watch marketplace Chronoexpert raises €800,000

Bilbao-founded luxury watches marketplace Chronoexpert has landed €800,000 in a funding round led by K Fund, with participation from several business angels. The startup plans to use the capital injection for product development and expanding its team.

The company has stated that about half of its sales come from international markets and mentioned Rolex, Cartier, Omega and Breitling as some of the most demanded brands.

“Our goal is to shift from the more traditional buying experience to the online world, while maintaining the customer’s trust throughout the entire process,” said Chronoexpert founder Pablo Martín. “Therefore, along with other benefits, the platform offers a 14-day return policy and 12 months of additional warranty.”

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