Gazelle (Internet company)


ecoATM, LLC doing business as Gazelle is an eCommerce company founded in 2006 helps people donate used electronic devices, such as cellular phones and mobile phones, smart tablets and laptop computers. The company, in some instances may offer money to consumers for used or broken smart devices. It is headquartered in Boston, Massachusetts with operations in Louisville, Kentucky.

History

Gazelle was founded in 2006 by Israel Ganot, Rousseau Aurelien, and James McElhiney. Gazelle.com launched in 2008 and raised $46 million in funding from Venrock, Rockport Capital, Physic Ventures and Craton Equity Partners.
The company's corporate office is located in San Diego, CA with more than 150 employees. In June 2013, the consumer electronics retailer opened its first processing center in Louisville, KY. The warehouse operates with about 150 employees. In 2013, the company topped $100 million in revenue, growing at a 80 percent rate. In November 2014, Gazelle launched a store to sell certified pre-owned devices direct to consumers.
Since launching, Gazelle has paid $200 million to consumers for used devices, and has accepted more than 2 million devices from more than 1 million customers.
On November 10, 2015 Gazelle's acquisition by Outerwall Inc., owner of ecoATM, another electronics recycler, became official.

Recognition and awards