- ISIN CH0034183175
- Country Schweiz
Jadeberg Partners AG
Mountain Cleantech AG: New Funding for Mountain Cleantech’s Portfolio Company reBuy
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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: End of Corporate News 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. |
| Language: | English | |
| Company: | Mountain Cleantech AG | |
| Fuhrstrasse 12 | ||
| 8820 Wädenswil | ||
| Switzerland | ||
| Phone: | +41 44 78 38 041 | |
| Fax: | +41 44 78 38 040 | |
| E-mail: | contact@mountain-cleantech.ch | |
| Internet: | www.mountain-cleantech.ch | |
| End of News | EquityStory AG-Media |
| 204984 25.03.2013 |