Swap.com Raises an Additional $5.5M

Leading online consignment retailer to focus on Customer Growth and Expansion

BOLINGBROOK, ILL – 12/18/2015 (PRESS RELEASE JET) —  Swap.com, the largest and fastest growing online consignment marketplace, today announced that it has closed $5.5 million in funding to further accelerate the company’s already impressive growth and fulfillment improvements. The investment was led by Cleantech Invest SPV 2 AB, with additional participation from existing private investors. With the $5.5 million investment, Swap.com has now raised over $10 million in 2015.

“This additional funding is yet another great vote of confidence in Swap.com’s ability to realize our vision of how consumers can buy and sell pre-owned goods that have a more positive impact on their wallets and the environment,” said Kelly Norris, Senior Vice President of Operations, Swap.com. “We are by far the largest, fastest growing, and most efficient company in our market category, and we will use this funding to invest even more aggressively in our platform and fulfillment efficiencies to further deliver the best experience available for our customers and the pre-owned market.”

Swap.com’s expansive and easy to use pre-owned marketplace has helped to drive increased customer and inventory growth by over 235% to over 580,000 items available for purchase, giving the company the leading share in the pre-owned online consignment market. In addition, Swap.com was listed as one of “The 2015 Top 100 Digital Companies in Chicago”.

“We are now in a scaling mode and while we’ve grown pretty fast, we’ve also been able to efficiently grow our inventory,” said Dr Juha Koponen, CEO of Swap.com. “We are the consignment store who offers the largest and most complete selection for everyone in America. Some of our peers want to go for high-end customers, but we want to serve everybody. And I think we’ve actually been pretty successful.”

For more information on how you can buy, sell and swap on Swap.com, please visit www.swap.com.

About Swap.com
Swap.com simplifies consignment and makes the process of buying and selling pre-owned items more convenient, safe, and profitable than ever before. The company offers a selection of more than 580,000 baby and kids’ clothing and accessories, as well as maternity and women’s apparel. Swap.com is based in Bolingbrook, Illinois. The service was launched in 2013.

Distributed by Swap.com

Media Contact
Company Name: Swap.com
Contact Person: Justin Knechtel, Vice President of Marketing
Email: justin@swap.com
Country: United States
Website: https://www.swap.com