Eleven James
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| Industry | Retail |
|---|---|
| Founded | New York, New York, 2013 |
| Headquarters | , U.S. |
Area served | United States |
Key people | Olivier Reza - CEO |
| Products | Watches |
| Website | www.elevenjames.com |
Eleven James was an online subscription rental service for luxury watches.[1] It was founded in 2013 in New York City and offers both men's and women's timepieces.[2]
The service shutdown in August 2018 due to financing issues.[3]
Eleven James offered vintage watch styles as well as popular luxury brands including Rolex, Patek Philippe, Audemars Piguet, Breitling and more.[4] Eleven James was often referred to as the "Netflix of watches" due to their subscription model which operated much like the disc rental plans from Netflix.[5]
History
[edit]Eleven James was founded in 2013 by Randy Brandoff, former NetJets CMO.[6] Brandoff also helped to launch Tequila Avion, a spirits brand made popular by the HBO series “Entourage,” where he was a co-founder and principal prior to the company's sale to Pernod Ricard in 2014.[7]
Since launching Eleven James in 2014, the company raised $6.72 million in a Series A investment.[4] As of January 2017, Eleven James raised $30 million of additional capital.[2] To date, Eleven James has secured $38.12 million in funding from both private investors and corporations including BoxGroup, Kenny Dichter, and Jason Saltzman.[8]
References
[edit]- ^ Adams, Ariel. "Eleven James, The 'Netflix Of Luxury Watches,' Adds New $149 Per Month Option". Forbes.
- ^ a b "This NYC Startup Just Raised $10M to Bring Luxury Watches To You - AlleyWatch". Jan 18, 2017.
- ^ "Business News: What Actually Happened To Eleven James?". HODINKEE. Retrieved 2018-09-05.
- ^ a b "This startup has raised $8 million to be the Netflix of luxury watches". Business Insider.
- ^ Adams, Ariel. "Eleven James, The 'Netflix Of Luxury Watches,' Adds New $149 Per Month Option". Forbes.
- ^ Weiss, Geoff (Dec 19, 2014). "Time Waits for No Man With This Watch-Rental Startup".
- ^ "About The Company".[permanent dead link]
- ^ Biggs, John (3 December 2013). "Eleven James Is A New Startup That Lets You Rent Your Wrist Wear".
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