Gazelle (recycling company)
| Company type | Private |
|---|---|
| Industry | E-commerce, Electronic waste recycling |
| Founded | 2006 |
| Founder | Israel Ganot, Rousseau Aurelien, James McElhiney |
| Headquarters | San Diego , United States |
Area served | United States |
| Products | Recycling of pre-owned electronic gadgets (smartphones, tablets, laptops) |
Number of employees | 300+ |
| Website | www |
ecoATM, LLC, which operates under the brand name Gazelle, is an e-commerce enterprise established in 2006 that specializes in recycling pre-owned electronic gadgets including smartphones, tablets, and laptops. The company’s headquarters are located in San Diego, California, with an additional processing facility situated in Louisville, Kentucky.
History
Israel Ganot, Rousseau Aurelien, and James McElhiney founded Gazelle. The company launched its website, Gazelle.com, in 2008 and secured $46 million in funding from investors such as Venrock, Rockport Capital, Physic Ventures, and Craton Equity Partners.
The San Diego corporate office employs more than 150 staff members. In June 2013, Gazelle established a processing plant in Louisville staffed by approximately 150 employees. That year, the business exceeded $100 million in revenue while maintaining an annual growth rate of 80 percent.
In November 2014, Gazelle unveiled a certified pre-owned marketplace offering refurbished electronics directly to buyers. By the end of 2014, the company had compensated consumers with $200 million and handled over two million devices from upwards of one million users.
On November 10, 2015, Outerwall Inc., the parent company of ecoATM, acquired Gazelle. In December 2020, Gazelle announced plans to discontinue its trade-in program starting February 2021 but reversed this decision two months later.
Recognition and awards
- In May 2014, Gazelle celebrated processing its two-millionth device.
- Gazelle was listed in the Inc. 500 Fastest Growing Companies for three consecutive years as of 2012.
- Additionally in 2012, Gazelle ranked #97 among the Top 100 Consumer Products & Services Companies, #16 within Massachusetts, and #15 in the Boston Metro Area.