# ecoATM, LLC.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ecoatm

- Industry: Environmental Services
- Headquarters: San Diego, US
- Website: www.ecoatm.com
- Total disclosed funding: $31M
- Latest round: Series B (May 1, 2012)
- Investors on record: 4

## About

Based in California, US, and founded in 2008 by Mark Bowles, Michael Librizzi, and Pieter van Rooyen, ecoATM, LLC., also known as ecoATM Gazelle, operates as a smartphone and mobile device re-commerce company. The firm was formerly a part of Outerwall Inc’s business and in 2015, it acquired Gazelle. In 2016, Outerwall Inc. separated into three separate entities, and ecoATM, LLC. was been acquired by Apollo Global Management, and in February 2020, Cowen Inc. acquired a minority stake in the firm for USD 200 million. In July 2021, the company raised USD 75 million of growth equity from existing investor Cowen Sustainable Advisors.
As of September 2021, Dave Maquera is the CEO of the company, and it has a processing facility in Louisville, KY, US, along with a local team presence in France, Germany, and the UK.

ecoATM, LLC is a manufacturer and provider of eco-friendly automated kiosks that provide an instant cash payment to consumers who sells back unwanted smart devices. The company has over 4,500 kiosks at various retail stores and supermarkets across the United States and Europe, and its mobile application helps customers to locate those kiosks. ecoATM, LLC is been partnered with firms like Walmart, Kroger, and Westfield, and it operates with the goal of making the environment greener by upcycling and refurbishing mobile devices brought through the kiosks, which otherwise would have ended up as landfills.

The company intends to use its funds for installing thousands of retail fulfillment kiosks across the US, Europe, and Asia. The firm also plans to accelerate its launch of AI-enabled mobile, web, and fintech retail product extensions.

## Funding rounds

- Series B, May 1, 2012, $17M — Claremont Creek Ventures, Coinstar, LLC, Tao Venture Capital Partners, Moore Venture Partners
- Series A, Feb 16, 2011, $14M — Claremont Creek Ventures, Coinstar, LLC

## Investors

- Claremont Creek Ventures (https://capitalatlas.ai/funds/claremont-creek-ventures) — Series A, Series B
- Coinstar, LLC — Series A, Series B
- Tao Venture Capital Partners — Series B
- Moore Venture Partners (https://capitalatlas.ai/funds/moore-venture-partners) — Series B