ecoATM Gazelle, a San Diego CA-based smartphone and mobile device re-commerce company, raised $75M in funding.
The round was led by Cowen Sustainable Advisors.
The company – majority-owned by funds managed by affiliates of Apollo Global Management – intends to use the funds to:
- build and deploy thousands of automated retail fulfillment kiosks across the US, Europe and Asia
- accelerate deployment of AI-enabled omni-channel mobile, web, and fintech retail product extensions
- support new market launches with increased multi-channel marketing campaigns and operational investments
Led by Dave Maquera, CEO, ecoATM Gazelle is a global smartphone and mobile device re-commerce company. It works by allowing users to check what their phone is worth, prepare their phone for sale, and fa kiosk and get paid. The company has over 4,500 kiosks nationwide at your local grocery store, shopping malls and other locations.