Mountain Cleantech AG: New Funding for Mountain Cleantech's Portfolio Company reBuy
(firmenpresse) - (EquityStory AG-Media / 25.03.2013 / 09:20)
PRESS RELEASE
New Funding for Mountain Cleantech's Portfolio Company reBuy
- Additional growth capital for reBuy after more than 70% revenue growth
- Mountain Cleantech Fund II participates in current financing round and
increases its stake in the company
- reBuy generated more than EUR 40m revenue in 2012 and increased its
reach to about 3.5m consumers
Zurich and Berlin, 25 March 2013 - reBuy reCommerce GmbH - one of Mountain
Cleantech Fund II's (MCF II) portfolio companies - managed to secure
additional funding from an international investor syndicate led by the
internationally renowned investor Iris Capital to back its next growth
steps. The investor group - which also includes MCF II, Hasso Plattner
Ventures and Klaus Wecken - provides fresh capital to further accelerate
reBuy's high revenue growth and consolidate the company's leading position
in the German reCommerce market. With sufficient capital resources reBuy is
now well-equipped to take the next growth step.
The company reBuy, established in 2004, operates one of Germany's leading
online trading systems for used consumer electronics and entertainment
media products (reCommerce). About 3.5m consumers on www.rebuy.de (incl its
partner websites) buy and sell more than 1m products per month, including
books, DVDs, games as well as notebooks, mobile phones and gaming consoles.
In 2012, reBuy generated revenues of more than EUR 40m, which corresponds
to a compound annual growth rate of 100% over the last two years. The
company currently employs almost 400 people in its state-of-the-art
10.000m2 headquarter and logistic centre at the outskirts of Berlin.
Jürgen F. Habichler, founder and Managing Partner of Mountain Cleantech AG
and member of the advisory board of reBuy reCommerce GmbH, comments: 'It is
a real pleasure for us to support reBuy with additional capital and
therefore increase our stake in the company. Since our first investment in
reBuy in autumn 2011, we are excited about the company's development and
see nationally as well as internationally still an enormous growth
potential in this interesting reCommerce market for used goods.'
About Mountain Cleantech
Mountain Cleantech was founded in 2007 and is headquartered in Zurich,
Switzerland with additional offices in Austria, Germany and Sweden. It is
the Investment Advisor of Mountain Cleantech Fund II, which focuses on
growth equity Cleantech investments in the German-speaking and Nordic
regions.
Since its inception, the team has invested in numerous innovative Cleantech
companies including reBuy reCommerce GmbH, Geppert GmbH, Grünspar GmbH, SiC
Processing AG and Sinosol AG. For further information please visit
www.mountain-cleantech.ch
Contact:
Jürgen Habichler
Phone: +41 44 78 38 041
Email: contact(at)mountain-cleantech.ch
Website: www.mountain-cleantech.ch
End of Corporate News
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Issuer: Mountain Cleantech AG
Key word(s): Finance
25.03.2013 This press release was distributed by EQS CORPORATE
COMMUNICATIONS.
www.eqs.com - news archive: www.eqs.com/ch/presskit
The issuer is responsible for the contents of the release.
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Language: English
Company: Mountain Cleantech AG
Fuhrstrasse12
8820 Wädenswil
Switzerland
Phone: +41 44 78 38 041
Fax: +41 44 78 38 040
E-mail: contact(at)mountain-cleantech.ch
Internet: www.mountain-cleantech.ch
End of News EquityStory AG-Media
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