April 17, 2012

Gazelle CEO Israel Ganot Honored with Boston Business Journal "Best Green Practices Award"

 Gazelle (www.gazelle.com), the leader in high-end consumer electronics trade-ins, today announced its co-founder and CEO Israel Ganot has been selected as the winner of the Emerging Leader Award of the Boston Business Journal's 2012 Best Green Practives Awards. These awards honor companies and individuals who have worked to bring greater environmental sustainability to the workplace, their cus...

 Gazelle (www.gazelle.com), the leader in high-end consumer electronics trade-ins, today announced its co-founder and CEO Israel Ganot has been selected as the winner of the Emerging Leader Award of the Boston Business Journal's 2012 Best Green Practives Awards. These awards honor companies and individuals who have worked to bring greater environmental sustainability to the workplace, their customers and communities. Ganor is the first recipient of the Emerging Leader award, which is the newest Best Green Practives Award, and will be honored at the 5th annual Green Business Summit in Boston on May 9.

“I am thrilled to be recognized by the Boston Business Journal for our efforts to fundamentally change the way people consume electronic devices,” said Israel Ganot, CEO of Gazelle. “When we launched Gazelle, there weren’t many options for responsibly disposing of your electronic gadgets beyond simply recycling, and even that wasn’t happening as much as it should.  Our reCommerce service was a new option and has become a key component of many consumers’ purchase process.  In Q4 2011 alone, more than 150,000 iPhones were traded in at Gazelle, enabling our customers to subsidize their upgrades and ensure their old iPhones stayed in use.  This award is a testament to the value of and need for reCommerce.”

Gazelle offers the industry’s easiest way for people to quickly and safely trade in their gently-used high-end electronics for cash. Gazelle helps people upgrade smarter by rewarding them for giving the gadgets they no longer need a new life.  Gazelle continues to see tremendous growth and has become the leading player in the direct-to-consumer reCommerce space.  To date, Gazelle has facilitated more than 900,000 gadget trade-ins.

ABOUT GAZELLE

Gazelle (www.gazelle.com) is the leader in high-end consumer electronics trade-ins, providing the easiest way for consumers to quickly and safely get cash for their unwanted devices. Gazelle takes the risk and effort out of selling electronic gadgets online with benefits such as free shipping and packaging and comprehensive identity and data removal. To date, Gazelle has received more than 900,000 gadgets, helping consumers de-clutter their lives, earn quick cash and generally lead a greener life. Based in Boston, Gazelle is privately owned and is backed by premier venture capital firms Craton Equity Partners, Physic Ventures, Venrock Associates and RockPort Capital Partners.

Gazelle is a trademark of Second Rotation, Inc., registered in the U.S.  iPhone is a trademark of Apple Inc., registered in the U.S. and other countries.

PRESS CONTACT:

Gerald Kimber White

RF|Binder Partners

(781) 455-8250

gazelle@rfbinder.com

 

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October 04, 2011

Gazelle Prepares for Unprecedented reCommerce Frenzy with New Service Enhancements

BOSTON, Oct. 4, 2011 /PRNewswire/ -- With the announcement of Apple's iPhone expected this afternoon, Gazelle, the nation's leading reCommerce™ service, is rolling out the red carpet for iPhone owners with enhancements designed to help customers get paid easy and fast. The changes include updates throughout the customer experience, including online user experience, processing, and customer supp...

BOSTON, Oct. 4, 2011 /PRNewswire/ -- With the announcement of Apple's iPhone expected this afternoon, Gazelle, the nation's leading reCommerce™ service, is rolling out the red carpet for iPhone owners with enhancements designed to help customers get paid easy and fast. The changes include updates throughout the customer experience, including online user experience, processing, and customer support.

Enhancements include:

  • Simplified online experience: Most 1-3 year old cell phones have light to moderate wear and tear. With this in mind, Gazelle radically simplified its item condition scale and offer calculation experience to make it easier for customers to accurately describe their phone and therefore receive our best offer. The new conditions allow customers to choose from "flawless," "good," or "broken." Gazelle expects 90% of traded in phones to be in good condition.
  • Dedicated support: All customers who trade in an iPhone will gain access to a dedicated customer support team who will be standing by to proactively solve problems and answer any questions.
  •  Faster payment: A specially trained iPhone processing team is ready to check out thousands of phones per day, meaning customers will get paid fast.

Consumers are growing more aware that their used electronics hold value, but today, still only a small fraction of consumer electronics are considered for trade in.  Gazelle expects that current economic factors will change things for iPhone owners. Already, since the press invite went out for the Apple event, more than 10,000 consumers have traded in their iPhone through Gazelle.

"We know that iPhone owners will want to get their hand on the latest model as soon as possible," said Israel Ganot, co-founder and CEO of Gazelle. "We want to help them do that by providing a simple, trusted experience that will enable them to quickly get cash for their used phone that they can use to upgrade to the new one. We're committed to doing so by creating the best experience through customer-centric innovation and support."

At the time of this press release, Gazelle offered up to $284 for iPhone trades (AT&T white 32gb iPhone 4). Prices are expected to drop rapidly so please see gazelle.com/iphone for latest pricing.

After being founded in 2006, Gazelle has seen tremendous growth and has become leading player in the reCommerce™ space. Last year, the company achieved 155% growth and has lead over 200,000 Customers to trade in or recycle over 550,000 used electronics.

Like every item that arrives at Gazelle, all iPhones will be hand-inspected by a trained member of the Gazelle gadget lab team. Customers can rest assured knowing Gazelle will take care of data destruction and ensure that their item enjoys an extended life in a new home.

ABOUT GAZELLE

Gazelle (www.gazelle.com), a service of Second Rotation, Inc., provides the easiest, fastest and safest way for consumers to get cash for their unwanted electronic devices. Gazelle takes the risk and effort out of selling electronic gadgets online and provides its users with benefits such as free shipping and packaging and comprehensive identity/data removal. To date, Gazelle has helped more than 220,000 consumers trade their used gadgets to de-clutter their lives, earn quick cash and generally lead a greener lifestyle. Based in Boston, Gazelle is backed by premier venture capital firms Craton Equity Partners, Physic Ventures, Venrock Associates and RockPort Capital Partners.

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September 20, 2011

Sell Your iPhone Right from Your iPhone

 BOSTON, Sept. 20, 2011 /PRNewswire/ -- Just in time for the anticipated launch of Apple's new iPhone, Gazelle (www.gazelle.com), the nation's leading consumer electronics reCommerce service, is launching a newly developed app that enables customers to sell their used iPhone right from their iPhone, iPad, or iPod Touch. The app, titled "Gazelle Gadget Trader" is compatible with iOS devices and ...

 BOSTON, Sept. 20, 2011 /PRNewswire/ -- Just in time for the anticipated launch of Apple's new iPhone, Gazelle (www.gazelle.com), the nation's leading consumer electronics reCommerce service, is launching a newly developed app that enables customers to sell their used iPhone right from their iPhone, iPad, or iPod Touch. The app, titled "Gazelle Gadget Trader" is compatible with iOS devices and can be downloaded from the app store.

The app is designed to easily calculate for customers  how much their iPhone is worth in a matter of seconds. The app will even detect what iPhone you are using in order to facilitate an even quicker trade-in.

  • The app will automatically detect your iPhone model and will provide you with an offer on the spot
  • Answer a few quick questions to accept your offer and checkout

From there, customers ship their phone to Gazelle (packaging and shipping is free) and then get paid.  

Gazelle expects a record number of iPhone trades as AT&T and Verizon customers alike look to upgrade to the anticipated new model. "The app makes it easy for you to trade in your phone anytime, anywhere, making it simpler than ever to offset the purchase of a new iPhone," said Israel Ganot, co-founder and CEO of Gazelle. "This app is part of our effort to roll out the red carpet for the millions of iPhone owners looking to upgrade. We want you to know that if you have a used iPhone, we're committed to giving you an easy, fast, and trusted service."

A new iPhone launch means big business for the reCommerce industry. Last summer, over 30,000 consumers traded iPhones into Gazelle to get cash for an upgrade to iPhone 4. This year, with so many generations of iPhone owners and many Verizon customers ready to take the leap to newer Apple technology, Gazelle expects trade-in fever to have an even more noticeable impact on the market. Gazelle takes steps to ensure all data is properly removed from every gadget it receives, and to ensure 100% of the items sent to Gazelle are responsibly reused or recycled.

ABOUT GAZELLE

Gazelle (www.gazelle.com), a service of Second Rotation, Inc., provides an easy, fast, and fair way for consumers to get cash for their unwanted electronic devices. Gazelle takes the risk and effort out of selling electronic gadgets online and provides its users with benefits such as free shipping and packaging and comprehensive identity/data removal. To date, Gazelle has helped more than 220,000 consumers trade their used gadgets to de-clutter their lives, earn quick cash and generally lead a greener lifestyle. Based in Boston, Gazelle is backed by premier venture capital firms Craton Equity Partners, Physic Ventures, Venrock Associates and RockPort Capital Partners.

 

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September 06, 2011

Gazelle Names Sarah Welch as CMO

Gazelle (www.gazelle.com), the nation's leading consumer electronics reCommerce™service, today announced that Sarah Welch has been named its Chief Marketing Officer (CMO). Sarah joins Gazelle as its first CMO and will be immediately responsible for the company's overall marketing strategy and award-winning product and Customer experience. In her role, Sarah will lead Gazelle's fast-growing mark...

Gazelle (www.gazelle.com), the nation's leading consumer electronics reCommerce™service, today announced that Sarah Welch has been named its Chief Marketing Officer (CMO). Sarah joins Gazelle as its first CMO and will be immediately responsible for the company's overall marketing strategy and award-winning product and Customer experience. In her role, Sarah will lead Gazelle's fast-growing marketing team, and bring leadership to the expansion of tactics, including advertising, online marketing, and communications. Sarah will report directly to co-founder and CEO, Israel Ganot.

Sarah joins Gazelle with more than 15 years of marketing experience. Sarah joins Gazelle from TripAdvisor, the world's most visited travel website, where she held senior roles including Vice President of Marketing and Vice President of the TripAdvisor Media Group.  Before TripAdvisor, Sarah worked at an array of well-established companies including BabyCenter, the leading online resource for new and expectant parents, and eBay. Sarah earned her Bachelor's from Brown University and her MBA from the Stanford Graduate School of Business.

"Sarah's experience and approach make her a great fit for Gazelle's business and culture," said Israel Ganot, Co-Founder and CEO of Gazelle. "As CMO, Sarah will round out our executive team, and I'm confident that with her mix of experience and deep background in both marketing and product she will help us bring reCommerce to the masses."

"Gazelle is the perfect match for my experience and interests," said Sarah Welch. "Gazelle's mission to redefine the consumption of electronics, the company's massive global opportunity for its business and the company's commitment to being a leading workplace all combined to make it an irresistible opportunity."

This announcement comes on the heels of Gazelle's recently announced series D financing of $22M, led by Craton Equity Partners. Gazelle, founded in 2006, has inspired more than 200,000 Customers to change their consumption habits and trade-in more than 600,000 used electronics to be reused or responsibly recycled.

ABOUT GAZELLE

Gazelle (www.gazelle.com), a service of Second Rotation, Inc., provides the easiest, fastest and safest way for consumers to get cash for their unwanted electronic devices. Gazelle takes the risk and effort out of selling electronic gadgets online and provides its users with benefits such as free shipping and packaging and comprehensive data removal. To date, Gazelle has helped more than 200,000 consumers trade their gadgets to de-clutter their lives, earn quick cash and generally lead a greener lifestyle. Based in Boston, Gazelle is backed by premier venture capital firms Craton Equity Partners, Physic Ventures, Venrock Associates and RockPort Capital Partners.

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July 21, 2011

Gazelle Raises $22 Million in New Financing Round

Gazelle (www.gazelle.com), the nation's largest consumer reCommerce™ service, announced today that Craton Equity Partners (www.cratonep.com) has led its $22 million series D round of financing. Gazelle's current investors, Physic Ventures (www.physicventures.com), Venrock Associates (www.venrock.com) and RockPort Capital (www.rockportcap.com) have also participated in this round of financing.  ...

Gazelle (www.gazelle.com), the nation's largest consumer reCommerce™ service, announced today that Craton Equity Partners (www.cratonep.com) has led its $22 million series D round of financing. Gazelle's current investors, Physic Ventures (www.physicventures.com), Venrock Associates (www.venrock.com) and RockPort Capital (www.rockportcap.com) have also participated in this round of financing.

 

In 2010, Gazelle's business continued to soar, achieving a 155% year-over-year growth in revenues as the company has attracted more than 175,000 Customers to trade in or recycle used electronics. Fueled by its largest financing to date, Gazelle is focused on rapidly accelerating its plans to market its service to mass media. The new funding also enables Gazelle to make additional investments in key areas of the business, including operational capital, marketing, inventory acquisition and additional processes that will continue to enhance the company's industry-leading customer experience.

 


"We are impressed by Gazelle's innovative business model which serves a vast consumer market while having a positive environmental impact," said David Asarnow, Principal at Craton Equity Partners, who joins the Gazelle board of directors. "Gazelle has a world class team and unlimited opportunity for growth, and fits our model for investing in forward thinking companies with progressive models and technology to address climate change. We look forward to supporting their continued success."

 

According to Gazelle co-founder and CEO, Israel Ganot, Craton Equity Partners' expertise in the field of clean technology and environmentally responsible consumption will help further Gazelle's vision of reCommerce. "Our goal is to completely transform the way consumers think about the consumer electronics they buy, sell and own. This financing will be critical in helping us market our vision of consumption and reCommerce to more people, grow and build our catalog and continue to provide one of the most satisfying consumer experiences anywhere on the web."

 

This round of funding is the fourth in Gazelle's four-year history, with its last round in 2010, led by Physic Ventures. Since 2008, Gazelle has realized aggressive growth, adding over 20 product categories and 300,000 products to build upon its award-winning customer experience. Gazelle was named #24 on the 2010 Inc. 500 and #2 in the highly competitive Consumer Products & Services category.

 

ABOUT GAZELLE

 

Gazelle (www.gazelle.com), a service of Second Rotation, Inc., is committed to providing an easy, fast, and safe way for consumers to get cash for selling unwanted electronics or to recycle them responsibly. To date, more than 175,000 consumers have used the service as a way to clean out closets, get cash and help out a good cause. In addition, Gazelle empowers consumers to avoid time consuming and risky online experiences associated with peer-to-peer selling. Consumers can rest assured that all personal information is thoroughly removed from their item while benefiting from conveniences like free shipping and packaging. Based in Boston, Gazelle is backed by premier venture capital firms Craton Equity Partners, Physic Ventures, Venrock Associates and RockPort Capital Partners.

 

ABOUT CRATON EQUITY PARTNERS

 

Craton is Southern California's largest exclusive clean tech private equity fund. Craton was recently announced as one of the top ten California clean technology funds by PE Hub.  Craton focuses its investment strategies on a diverse set of subsectors from retail alternative fuels, to wastewater treatment technology, recycling and solid state lighting to a series of smart grid and energy efficiency technologies. Craton is located in Los Angeles, California. For more information visit www.cratonep.com.

 

PRESS CONTACTS:

Michael Schneider (for Gazelle)

RF|Binder Partners

(212) 994-7546

gazelle@rfbinder.com

 

Tim Turpin (for Craton Equity Partners)

Sparkpr

(415) 244-9699

tim@sparkpr.com

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