Timeless raises twelve million euros

The first Pokemon card box and sneakers signed by Kanye West are just two examples of valuable items in which Timeless users can acquire shares. The startup has won over a major investor with its concept.

Timeless has received twelve million euros in a funding round. The round was led by EQT Ventures. The Swedish venture capital firm has invested, according to reports of Finance Forward nine million euros in the start-up. Porsche Ventures, C3 EOS VC and La Roca Capital also participated in the funding round.

Timeless wants to use the capital to expand its team and pre-finance new valuable items. On the start-up's platform, users can buy shares in valuable items such as rare sneakers, classic cars and works of art. Timeless stores the items and later resells them for a return.

Jan Karnath, Malte Häusler and Andreas Joebges founded Timeless. More than 10,000 people now use the platform, as Karnath announced on LinkedIn announced.


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