| ecoATM, LLC | |
| Type: | Private |
| Industry: | eCommerce |
| Revenue: | $100+ Million |
| Foundation: | Boston, Massachusetts (2006) |
| Location City: | San Diego, CA |
| Location Country: | United States |
ecoATM, LLC, doing business as Gazelle, is an e-commerce company founded in 2006 that recycles used electronic devices,[1] such as mobile phones and tablet and laptop computers.[2] It is headquartered in San Diego, California with operations in Louisville, Kentucky.[3]
Gazelle was founded in 2006 by Israel Ganot, Rousseau Aurelien, and James McElhiney. Gazelle.com launched in 2008 and raised $46 million in funding[4] 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.[3] In 2013, the company topped $100 million in revenue, growing at an 80 percent rate.[5] In November 2014, Gazelle launched a store to sell certified pre-owned devices direct to consumers.[6]
From its inception to late 2014, Gazelle had paid $200 million to consumers for used devices, and had accepted more than 2 million devices from more than 1 million customers.[7]
On November 10, 2015 Gazelle's acquisition by Outerwall Inc., owner of ecoATM, another electronics recycler, became official.[8]
In December 2020, Gazelle announced that its trade-in program would be shut down on February 1, 2021.[9]