Watchmaster
Financials
Estimates*
USD | 2015 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | - | - | 7.7m | 7.7m | 8.2m | 9.8m | 9.8m |
% growth | - | - | - | - | 7 % | 19 % | - |
Profit | (1.7m) | (5.0m) | (5.7m) | (4.0m) | - | - | - |
% profit margin | - | - | (74 %) | (53 %) | - | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | 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 Funding | $33.3m |
Recent News about Watchmaster
EditWatchmaster 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.