Cleantech Invest raises 1 MEUR investment into Watty, as part of 3 MEUR funding round

Cleantech Invest SPV 3 AB, a Swedish holding company founded by Cleantech Invest
Plc, has made an equity investment of 1MEUR into Watty as part of a 3MEUR
investment round. Cleantech Invest Plc owns 23% of the holding company and the
effective fully diluted ownership of Cleantech Invest Plc in Watty will rise to
4% from current 1% after these investments. Cleantech Invest Plc will receive a
fee of 25000 EUR related to the transaction.

Recently launched European Venture fund EQT Ventures, with some of Europe's most
experienced investment advisors, most of them company builders themselves, is co
-investing in the round. In addition, the Swedish Energy Agency has decided on a
grant to the company worth 9.4 MSEK.

Watty has become a market leader in disaggregation, a technology for identifying
what appliances are on, at what time, based on the electricity meter data. The
company’s software approach excludes the need for hardware, cables or
complicated installation procedures. Watty uses simple visualisations to break
down consumers energy cost for immediate understanding of exactly how energy is
spent in your home and what you can do to reduce your energy bill. Several
bigger European utilities are currently working with the company on large scale
deployments.

CEO of Cleantech Invest Plc, Alexander Lidgren, who is a board member of Watty
comments: "The team of Watty has really impressed us since our initial peak-hole
investment a little more than a year ago. Their technology has developed even
faster than planned and has been thoroughly tested with customers in cooperation
with some of the biggest energy companies in Europe. Watty provides what we
really believe will be the energy bill of the future."

CEO of Watty, Hjalmar Nilssonne comments: ”I’m thrilled to be bringing new
partners onboard. Watty is taking on one of the biggest sectors of the economy,
the energy industry, with a ground-breaking machine learning technology. Few
investors know the in-and-outs of the latest machine learning developments, and
even fewer know the energy sector well.  Working with both Cleantech Invest and
EQT Ventures is a perfect match for us. We get deep industry expertize from
Cleantech Invest paired with a strong experience of scaling technology
businesses globally from EQT Ventures."
For more information

Alexander Lidgren, Managing Director of Cleantech Invest Plc, tel. +46 73 660
1007, alexander.lidgren@cleantechinvest.com

Hjalmar Nilssonne, CEO, tel. +46 70 415 6362, hjalmar@watty.io

Certified Advisor Access Partners Oy, tel. +358 9 682 9500
About Watty

Watty is a Stockholm based technology company created from the Royal Institute
of Technology. The company was founded in 2013 and has established itself as the
market leader in disaggregation technology. In 2014 it won Niklas Zennström’s
(founder of Skype’s) Green Mentorship Award and in 2015 was selected for
‘Sweden’s next unicorns’ at Daniel Ek’s and Ash Pournouri’s Symposium event.

About EQT Ventures

EQT Ventures is a new European VC fund with commitments of just over € 566
million, and some of Europe's most experienced investment advisors, most of them
company builders themselves. EQT Ventures is part of EQT, a global leading
private equity group.

About Cleantech Invest

Cleantech Invest is a Nordic accelerator with investments in growth companies
that solve global challenges. The portfolio companies are active in energy- and
resource efficiency as well as decentralized renewable energy and are based in
Finland, Sweden and Germany. The company management consists of company builders
and investors who have been active within the cleantech space for over a
decade.The company is listed on First North Finland under the ticker CLEAN and
on First North Stockholm under the ticker CLEANT A. www.cleantechinvest.com