Gazelle Secures $12,000,000 Series C Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fc48f747-a3ab-49e1-bbb1-91574131094e&Preview=1 -
Date
7/21/2010 -
Company Name
Gazelle -
Mailing Address
61 North Beacon ST Boston, MA 02134 -
Company Description
Second Rotation is the destination for simplified selling of consumer electronics and gadgets online. The process is easy: Second Rotation determines the value of the item online, arranges pickup and shipping, and pays the seller a fair market value once the item is received. Items are then resold or responsibly recycled. -
Website
http://www.gazelle.com -
Transaction Type
Venture Equity -
Transaction Amount
$12,000,000 -
Transaction Round
Series C -
Proceeds Purposes
Fueled by new equity, Gazelle will focus on scaling its business infrastructure to meet this rapid growth. The new funding also enables Gazelle to make additional investments in key areas of the business, including its proprietary pricing technologies and processes that continue to enhance the customer experience. Gazelle will also work with existing retail partners to build an in-store experience that brings reCommerce to physical retailer sites across the nation. -
M&A Terms
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Venture Investor
Physic Ventures -
Venture Investor
Venrock -
Venture Investor
Rockport Capital Partners
