Gazelle (Internet company)
 | |
| Private | |
| Industry | eCommerce |
| Founded | Boston, Massachusetts (2006) |
| Founder | Israel Ganot |
| Headquarters | Boston, MA, United States |
Number of locations | Boston, MA and Louisville, KY |
Key people | Chris Sullivan (CEO), Sarah Welch (CMO), Ben Katz (CTO) |
| Revenue | $100+ Million (2013) |
| Website |
www |
Gazelle is an eCommerce company founded in 2006 that lets people sell their used electronic devices,[1] such as cell phones, tablets and computers.[2] The company pays consumers for used or broken electronic devices. It is headquartered in Boston, Massachusetts with operations in Louisville, Kentucky.[3]
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[4] from Venrock, Rockport Capital, Physic Ventures and Craton Equity Partners.
The company's corporate office is located in Boston, MA with more than 50 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 a 150 percent rate.[5] In November 2014, Gazelle launched a store to sell certified pre-owned devices direct to consumers.[6]
Since launching, Gazelle has paid $200 million to consumers for used devices, preventing e-waste from ending up in landfills, and has accepted more than 2 million devices from more than 1 million customers.[7] Gazelle Launches Fundraising Platform to Raise Money for Schools and Nonprofit Organizations.[8]
On November 10, 2015 Gazelle's acquisition by Outerwall Inc. , owner of ecoATM, another electronics recycler, became official.
Recognition and awards
- Gazelle reached its two millionth gadget milestone in May 2014.[9]
- Gazelle has ranked within the Inc. 500 Fastest Growing Companies for the last three years in a row.[10]
- In 2012, Gazelle ranked as #28 in the Top 100 Consumer Products & Services Companies, #16 in the Top 100 Massachusetts Companies, and #15 in the Boston Metro Area.[10]
References
- ↑ Scherzer, L. Yahoo! Finance (2013). "The Apple Crime Spree.
- ↑ Koivu, L. U.S. News & World Report (2015). "How to Make Money Off of Old Electronics."
- 1 2 Robinson, A. Louisville Business First (2013). "Gazelle growing quickly in Louisville."
- ↑ Cohan, P. Forbes (2013). "Boston Start-up Gives Cash For High End Electronics"
- ↑ Kirsner, S. The Boston Globe (2014). "Market burgeons for pre-owned smartphones"
- ↑ Apple Insider (2014). "Gazelle launches certified preowned store specializing in quality used Apple iPhones & iPads."
- ↑ Environmental Leader (2014). "Gazelle Pays $200M for Used Electronic Devices."
- ↑ Gift Journal (2015). "Gazelle Launches Fundraising Platform to raise money."
- ↑ Harris, D. Boston Business Journal (2014). "Consumer electronics trade-in site Gazelle says it's accepted 2 million devices, served 1 million customers."
- 1 2 Inc. Magazine. "Inc. 5000, Gazelle."