# Gazelle

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

- Industry: Environmental Services
- Headquarters: Boston, US
- Website: www.gazelle.com
- Total disclosed funding: $44M
- Latest round: Series D (Jul 21, 2011)
- Investors on record: 4

## About

Gazelle facilitates the sale and trade-in of certified pre-owned smartphones, providing consumers with an affordable and sustainable option for purchasing high-quality mobile devices.Gazelle operates as a prominent player in the pre-owned smartphone market. Founded by Raymond Essam, the company is headquartered in Boston, US. In November 2015, Outerwall acquired Gazelle for USD 18 mn. The firm has completed a total of 6 deals, with the latest being a Trade Sale in 2015.Gazelle specializes in the sale and trade-in of pre-owned and certified used smartphones, focusing on major brands like iPhones, Samsung, and Google devices. Each device undergoes a thorough 55-point inspection to ensure quality and functionality. Since its inception in 2008, Gazelle has sold over 3.7 million devices targeting primarily US customers, providing free shipping to buyers in the lower 48 states. Their clientele includes both individual consumers seeking cost-effective options and environmentally conscious users aiming to minimize electronic waste.Gazelle generates revenue through sales of certified pre-owned mobile devices and a trade-in program for old devices in exchange for cash or store credit. Device pricing varies by model, storage, and condition, with leading products like the iPhone 13 and iPhone 14 drawing notable demand. The company primarily engages in B2C transactions via its online platform, ensuring a transparent purchasing process backed by customer service support seven days a week.As of November 2015, the recent acquisition by Outerwall has positioned Gazelle for potential expansion. While specific new product launches and geographic expansion plans have not been detailed, the funding received will likely support initiatives aimed at broadening their market reach and enhancing their product offerings.

## Funding rounds

- Series D, Jul 21, 2011, $22M — Physic Ventures, Venrock, RockPort Capital Partners, Craton Equity Partners
- Series C, Jul 19, 2010, $12M — Physic Ventures, Venrock, RockPort Capital Partners
- Series B, Nov 10, 2008, $6M — Venrock, RockPort Capital Partners
- Series A, Jan 29, 2008, $4.4M — Venrock

## Investors

- Venrock (https://capitalatlas.ai/funds/venrock) — Series A, Series B, Series C, Series D
- RockPort Capital Partners (https://capitalatlas.ai/funds/rockport-capital-partners) — Series B, Series C, Series D
- Physic Ventures (https://capitalatlas.ai/funds/physic-ventures) — Series C, Series D
- Craton Equity Partners (https://capitalatlas.ai/funds/craton-equity-partners) — Series D