MIAMI BEACH, Fla., May 1, 2026. Annatar Ventures, the venture studio of Morgul, today announced a strategic investment in Prosperity Time, a South Florida dealer and concierge platform for authenticated pre-owned luxury watches.
Prosperity Time grew from approximately $1.2 million in annual sales in 2022 to more than $50 million in 2025 and serves clients in many countries. The company plans to use the investment to enter new markets, strengthen its financial and operational infrastructure, and invest in technology for its clients.
Annatar will give Prosperity Time access to operational, financial, and technology resources, including financial reporting and controls, client service and fulfillment processes, and marketing and brand development.
About Annatar Ventures
Annatar Ventures is the venture studio of Morgul. It builds companies from inception alongside founders and operators, providing capital, operational support, and shared infrastructure. annatar.com
About Prosperity Time
Prosperity Time is a South Florida dealer and concierge platform for authenticated pre-owned timepieces.
About Morgul
Morgul Holdings LLC is a private holding company that invests proprietary capital in operating businesses. It is headquartered in Miami, with an office in New York. morgul.com
Originally distributed via Yahoo Finance.