Tech Company Financing Transactions

WatchBox Funding Round

On 11/24/2021, WatchBox secured $165 million in investment from Radcliff Management, The Spruce House Partnership and CMIA Capital Partners.

Transaction Overview

Company Name
Announced On
11/24/2021
Transaction Type
Venture Equity
Amount
$165,000,000
Round
Undisclosed
Investors

Radcliff Management (Lead Investor) (Eli Goldstein)

The Spruce House Partnership (Lead Investor)

CMIA Capital Partners

private investors (Chris Paul)

private investors (Danny Maegaard)

private investors (Devin Booker)

private investors (Ernie Garcia)

private investors (Giannis Antetokounmpo)

private investors (Howard Linzdon)

private investors (Karl Towns)

private investors (Larry Fitzgerald)

private investors (Marc Lasry)

private investors (Michael Jordan)

private investors (Michael Lazerow)

private investors (Michael Strahan)

private investors (William Ackman)

Proceeds Purpose
It will invest the fresh capital to further scale its digital platform, expand into new markets, and enhance what it claims is already the world's most valuable and extensive inventory selection.

Company Information

Company Status
Private & Independent
Industry
ECommerce
Mailing Address
166 E Levering Mill Rd.
Bala Cynwyd, PA 19004
USA
Phone
Undisclosed
Email Address
Not Recorded
Overview
WatchBox is the world's leading platform for the buying, selling, and trading of pre-owned luxury watches; fueled by technology, innovation, and unmatched global experience in the high-end watch market. With offices in the United States, Hong Kong, Switzerland, Singapore, Dubai, and plans to expand beyond, WatchBox is the trusted destination for watch enthusiasts worldwide.
Profile
WatchBox LinkedIn Company Profile
Social Media
WatchBox Company Twitter Account
Company News
WatchBox News
Facebook
WatchBox on Facebook
YouTube
WatchBox on YouTube

Management Team

Title
Name
Email & Social
Chairman
Danny Govberg
  Danny Govberg LinkedIn Profile  Danny Govberg Twitter Account  Danny Govberg News  Danny Govberg on Facebook
Chief Executive Officer
Justin Reis
  Justin Reis LinkedIn Profile  Justin Reis Twitter Account  Justin Reis News  Justin Reis on Facebook
Co-Founder
Tay Wee
  Tay Wee LinkedIn Profile  Tay Wee Twitter Account  Tay Wee News  Tay Wee on Facebook


 

 

Browse more venture capital transactions:

Prev: 11/24/2021: Neurophth Therapeutics venture capital transaction
Next: 11/24/2021: CoreStack venture capital transaction

 

Share this article

 


News on VC Transactions

We do our best to report on every notable VC transaction. All VC database entries on this site are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary