Cleantech Invest: Swap.com closes EUR 3 million investment round and signs Marc Onetto as advisor

Cleantech Invest Plc
Company Release   12 December 2014 at 8.30 am (EET)

Cleantech Invest: Swap.com closes EUR 3 million investment round and signs Marc
Onetto as advisor

Cleantech Invest Plc has made an additional investment of EUR 0.5 million to its
portfolio company Swap.com (Netcycler Oy). After the transaction, the ownership
of Cleantech Invest increases to 6.1%, including both the direct ownership and
indirect ownership through Clean Future Ky.

The investment is a part of a EUR 3 million investment round. In addition to
Cleantech Invest, investors participating in the round include founders of Skype
and Marc Onetto, former Senior Vice President of Amazon.com's global operations.
Marc Onetto has also been signed to act as advisor to Swap.com.

Swap.com has been growing strongly. Monthly revenue has increased more than
tenfold during the past 12 months and amounted to 218,000 USD in October 2014.
The company recently expanded into a new fulfillment center, and the service now
offers a selection of over 150,000 items.

Swap.com is an online consignment store operating in the USA for buying, selling
and swapping pre-owned items. Swap.com brings the user experience and
operational effectiveness of shopping pre-owned to the levels experienced with
online stores selling new items. In Swap.com's model the seller sends goods to
Swap.com and Swap.com then takes professional photos, lists the items and takes
care of logistics. The buyer interacts with Swap.com and can order several items
to be delivered home in one package. A very cost-efficient process enables
efficient trade also with inexpensive items. The current focus of Swap.com is on
kids' clothing and items, and it is the biggest kids' online consignment store
in the USA.

Marc Onetto: "Swap.com delivers an outstanding experience for the customers in
terms of item quality and on-time delivery, which is unparalleled in the
consignment store business. This is the foundation of their explosive growth and
they have the potential to become a hundred billion dollars company."

Feodor Aminoff, Managing Director of Cleantech Invest Plc: "Swap.com is a good
example of an ultra-scalable business, which significantly improves the resource
efficiency of society. We believe Swap.com has the potential to become one of
the biggest players in e-commerce and that the trade of pre-owned items will be
a very large market alongside with new goods. Marc Onetto joining the company as
advisor will further strengthen the team of Swap.com and accelerate the
company's growth towards category leadership in online consignment."

CLEANTECH INVEST PLC

Further information:
Feodor Aminoff, Managing Director of Cleantech Invest Plc, tel.
+358 400 449 096, feodor.aminoff@cleantechinvest.com

Certified Advisor Access Partners Oy, tel. +358 9 6829 500.

Cleantech Invest in brief
Cleantech Invest is a Finnish investment and development company founded in
2005 and focusing on clean energy and efficient use of natural resources. The
company owns minorities in a diversified portfolio of companies and is actively
looking for new capital-light, high-impact businesses within the cleantech
universe. Cleantech Invest invests in the most promising early-stage and growth
cleantech companies in Finland, Sweden and in the Baltic Sea area. The company
management team members are international pioneers in cleantech investing.
Cleantech Invest is also a designated Accelerator in the Vigo Program initiated
by the Ministry of Employment and the Economy. www.cleantechinvest.com.




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