Bloomberg: A company based in Belgium is the world’s largest after-sale service provider after it raised $1.8 billion in Series A funding on Thursday.
Cartier is a blockchain platform that enables customers to pay for a variety of services on demand, such as after-shares and products.
The company raised $2.4 billion from investors including Citi Ventures, Andreessen Horowitz, Fidelity Investments, and a consortium of institutional investors including Goldman Sachs, Blackstone, and Microsoft Ventures.
The funds will be used to expand Cartier’s network of around 100 stores in more than 100 countries.
“The demand for after-market services is growing fast,” said Marko Pappak, CEO of Cartier, in a statement.
“This is the perfect opportunity to build on this momentum by leveraging Cartier as an agent in the industry to enable clients to obtain more after- sales services from us.”
The new funding brings Cartier to $9 billion in valuation.
The investment comes on the heels of the company’s previous Series A round, in June 2017, valued it at $3 billion.
In total, the company has raised over $15 billion.