Cristiano Ronaldo invests in Chrono 24

Temps de lecture : 3 minutes

Today Chrono24, the world’s leading online marketplace for luxury watches, announces that internationally acclaimed footballer, Cristiano Ronaldo, through CR7 SA, has become an investor in the company. “CR7” as he is known throughout the world is perhaps equally known amongst the watch lover community for being one of the most avid personal collectors of timepieces.

Une sélection de Shaniah Asha Gibson / @TRP, Public Relations Cabinet
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Cristiano Ronaldo joins the likes of previous Chrono24 investors including Bernard Arnault’s family investment company, Aglae Ventures, General Atlantic, Insight Partners and Sprints Capital – who together led Chrono24’s Series C round in August 2021, worth $118M USD (100M €) and solidifying the watch market’s unicorn status with a valuation today exceeding $1B USD.

It is reported in Forbes’ recent Highest Paid Athletes of 2023 report that Ronaldo pulled in $136 million last year alone from his contracts with the UK’s Manchester United and Saudi Arabia’s Al Nassr as well as endorsements – and all-time high for a football player He was equally recognized for being the most marketable Athlete of 2022 by SportsPro.

“As a long-term watch collector and regular user of Chrono24, it’s a pleasure for me to become a shareholder in the company now. Chrono24 unites millions of watch lovers from all around the world to share in their passion, together–that global unification is something I know well and am thrilled to be a part of.” Cristiano Ronaldo commented.

“No one brings passion for luxury watches to the world stage quite like Cristiano,” comments Chrono24 CEO, Tim Stracke. “He has already solidified his place as one of the greatest athletes in history, and as an investor shows astute knowledge of world-class luxury and technology. That coupled with his authentic, proven passion for watch collecting makes him the perfect teammate as our company moves further into global expansion and our next chapter.”

Since the company’s establishment in 2003, Chrono24 has led the way in the digital marketplace space. A known disruptor in the luxury watch world, Chrono24 has forever changed the way people shop for luxury watches, offering accessibility, transparency, and connectivity to enthusiasts that spans the entire world.

Chrono24 continues to be led by its founder and Co-CEO Tim-Stracke; Co-CEO (and former TeamViewer CEO) Holger Felgner; A majority of existing shareholders co-invested alongside the new group of investors. The CR7 SA investment follows Chrono24’s aforementioned Series C round, as well as its 2019 Series B financing of 43M€ from Sprints Capital, former Richemont director Gianni Serazzi, and YOOX-NET-A-PORTER founder Alberto Grignolo, among others, as well as the company’s 37M € Series A from Insight Partners in 2015.

Everything about Cristiano Ronaldo

Ronaldo, âgé de 38 ans, joue en tant qu’attaquant pour l’Al Nassr FC et est le capitaine de l’équipe nationale du Portugal. Il a remporté 5 Ballons d’Or, 4 Souliers d’Or européens, 32 trophées, 7 titres de champion, 5 Ligues des champions de l’UEFA, 1 Championnat d’Europe de l’UEFA et 1 Ligue des Nations de l’UEFA. À son palmarès s’ajoutent 140 buts et 42 passes décisives en Ligue des champions et un record de 835 buts marqués en club et en équipe nationale. CR7 est suivi par plus de 593 millions de personnes sur Instagram, où les amateurs de montres se précipitent pour admirer la collection de cette légende du sport.

IG: @cristiano

Everything about Chrono24

“Chrono24 – The World’s Watch Market” est la plateforme leader mondiale dans le domaine de la vente de montres de luxe depuis 2003. Avec plus de 500 000 montres provenant de plus de 3 000 professionnels et 30 000 vendeurs particuliers dans plus de 100 pays, la plateforme accueille plus de neuf millions de visiteurs uniques par mois. En plus d’offrir une large sélection de montres neuves, d’occasion et vintage, Chrono24 propose une vaste sélection de services permettant aux acheteurs et aux vendeurs d’évoluer dans un environnement de confiance. Chrono24 compte plus de 500 employés dans ses bureaux en Allemagne (à Karlsruhe et Berlin), à New York, à Miami, à Tokyo et d’autres sites.

IG: @chrono24

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