Berlin, 19th May 2015. Montredo (www.montredo.com), an online retailer for luxury watches based in Berlin, has announced a successful Series-A funding with a total volume of EUR1M. Several business angels from Germany participated together with existing shareholders and Chris Hitchen of Next Commerce (www.nextcommerce.com.au).

Along with further international expansion outside Europe, the company plans to invest heavily in supply and team expansion. "The previous months were very successful in terms of increasing revenue and supply. We have already proven the profitability of our business model and this financing round will enable further growth. Our goal is to become the leading online retailer for luxury watches, and we are well on our way", explains co-founder and CEO Philipp Budiman.

The market volume of the luxury watch market is estimated to account for EUR 40bn, whereas online trade sums up to less than 10%.

Montredo offers 100% authentic luxury watches by exclusively sourcing them from manufacturers or selected authorized dealers. Every watch on Montredo is new/unworn, warranty cards are stamped with the purchase date and all customers enjoy an international 14-days return policy.

About Montredo:
Founded in 2012, Montredo is a leading online retailer for 100% authentic luxury watches. Montredo, www.montredo.com, customers can choose from a steadily increasing supply of currently 2,500 watches. Customers, who don't find what they are looking for, can task the Montredo Watch Finder to procure the desired watch for them.

Contact details:
Philipp Budiman
Montredo GmbH
Chausseestrasse 8
10115 Berlin

Telephone: +49-30-2888647-0
Email: p.budiman@montredo.com
Website: www.montredo.com