Watch Box LLC
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Watch Box LLC - overview
Established
2016
Location
-, PA, US
Primary Industry
Internet
About
Watch Box LLC, based in the US, operates an e-commerce platform specializing in the sale and trade of luxury watches and jewelry, focusing on high-end brands and catering to discerning collectors. Founded in 2016, Watch Box LLC engages in the trade and sale of luxury watches, operating out of the United States. The company has successfully completed three deals, with notable funding received during the GROWTH round in November 2021, where it raised USD 165 mn from investors including Spruce House Investment Management and The Radcliff Companies. Justin Reis is a key figure in the company, serving as CEO alongside Andy Zhang.
Watch Box LLC specializes in the trade, sale, and purchase of luxury watches and jewelry, featuring renowned brands such as Rolex, Patek Philippe, and Cartier. Their offerings include a curated selection of both new and certified pre-owned timepieces, as well as jewelry products like bracelets, earrings, necklaces, and rings. The company also provides services for custom jewelry design, repairs, and appraisals, catering to a global clientele, particularly in affluent markets across North America, Europe, and Asia. The revenue model for Watch Box LLC is based on direct transactions involving the sale of luxury watches and jewelry to consumers, supplemented by a trade-in process for clients wishing to sell or exchange items.
The company utilizes both in-store and online platforms, generating revenue through retail markups on high-end products, with flagship items such as Rolex and Patek Philippe watches commanding premium prices. Their operational model supports B2C transactions, enhancing the customer experience in luxury goods acquisition. In November 2021, Watch Box LLC secured USD 165 mn from The Radcliff Companies and Spruce House Investment Management to bolster its international expansion. The investment will facilitate entry into new markets and geographic regions, with specific plans targeting affluent consumer bases globally.
The company aims to leverage these funds to enhance its market presence and product offerings.
Current Investors
CMIA Capital Partners, Spruce House Investment Management, The Radcliff Companies
Primary Industry
Internet
Sub Industries
Accessories, Web Applications
Website
www.thewatchbox.com
Verticals
E-commerce, Mobile Apps
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Watch Box LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Watch Box LLC | - | ||||||||
| Add-on | Completed | De Bethune | - | ||||||||
| Growth | Completed | Watch Box LLC | - | ||||||||
| Growth | Completed | Watch Box LLC | - |
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