Taming Lab, which operates 'Whattime', announced on the 26th that it had attracted seed investment from Kakao Ventures, Mashup Ventures, and Seoul National University Startup Network Angel Club.
With this investment, Wattime plans to enhance its services and strengthen the environment for purchasing used luxury watches based on trust. Currently, it is cooperating with the Incheon Customs Official Appraisal Center to create a verified watch trading culture, and in the future, it plans to internalize appraisal and repair capabilities in addition to sales to manage the entire life cycle of luxury watches.
Taming Lab is comprised of CEO Yoo Ho-yeon, a watch enthusiast who has owned and traded over 200 watches, and team members with a high level of understanding of the luxury watch life cycle. CEO Yoo Ho-yeon has accumulated expertise in all aspects of luxury watches through his experience in ODM watch manufacturing and apprenticeship training under the best watchmakers in Korea. The team is expected to open new horizons in vertical commerce based on its deep understanding of the used luxury watch ecosystem.
Hyunik Cho, a senior judge at Kakao Ventures, stated his reason for investing, saying, “Taming Lab is a team that stands out for its quick execution capabilities, deep commitment to customers, and high level of expertise in the industry,” and “I am confident that they will achieve significant growth in the used watch market based on these capabilities.”
CEO Yoo Ho-yeon said, “Through Wattime, we wanted to solve the problems of opacity and lack of trust in the existing used luxury watch market and create an environment where enthusiasts can purchase the watches they want more safely.” He added, “With this investment, we will expand the trust-based used luxury watch market and develop into a global-level luxury commerce service.”
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