Following JAY-Z, Kylian Mbappé has now invested in Wristcheck through his investment group Coalition Capital. This highly acclaimed French footballer, currently playing for Real Madrid, is joining other notable investors like Alibaba Entrepreneurs Fund (Gobi Partners GBA) and K3 Ventures in the luxury watch trading platform’s pre-series A funding round.
Mbappe’s impressive football journey boasts seven Ligue 1 championships and a significant contribution to France’s triumph at the 2018 World Cup. Yet, his interest extends beyond the soccer field, as he is an ardent watch enthusiast. This passion is evident through his ambassadorship for Hublot and his choice of watches worn at various functions. This hobby aligns with Wristcheck’s mission to develop a technologically advanced platform designed for the digital-native Generation Z collector.
Mbappé views Wristcheck as a platform tailored for the next wave of collectors, revolutionizing the watch industry by combining cutting-edge technology, openness, and artistic flair. He’s eager to foster an environment where watch collecting becomes approachable for all.
Austen Chu, founder and CEO of Wristcheck, warmly welcomed Kylian Mbappé into the Wristcheck community, emphasizing his own love for watches and the extraordinary influence he is expected to have on the industry. Chu stressed that Wristcheck is deeply committed to making watches a significant part of popular culture and speeding up this goal with Mbappé’s assistance. This collaboration symbolizes Wristcheck’s dedication to innovation and its role in shaping tomorrow’s watch world.
From the onset in 2020, Wristcheck has embraced technology to challenge conventional norms within the industry. The Wristcheck Marketplace, which redefines the way people buy and sell watches by ensuring trust and transparency via its internal authentication and appraisal systems, is one example. Another is the AI-based Wristcheck Watch Index, providing the most reliable benchmark for pricing in the market. This innovative strategy has fueled Wristcheck’s remarkable expansion, with the online business experiencing a 218% year-over-year growth in 2024 and the opening of its inaugural concept store at Wynn Macau in January 2025 – marking the debut of a secondary watch platform at any global Wynn Casino location.
Wristcheck has handled numerous deals featuring precious timepieces, earning the trust of notable collectors like JAY-Z, Kevin Hart, and most recently, Kylian Mbappé. His investment will aid in expanding Wristcheck’s global reach, empowering the platform to improve its technological features tailored for budding collectors.
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2025-02-07 16:26