Mobile Device Re-commerce Leader ecoATM Gazelle Raises $75M

Aitechpark16 Jun, 2021Technology

Global smartphone and mobile device re-commerce leader ecoATM Gazelle (“ecoATM” or the “Company”) has raised $75 million of new growth equity from existing investor Cowen Sustainable Advisors (“CSI”) to accelerate the Company’s global expansion and support product extensions to meet fast-growing demand for the purchase and re-sale of used smartphones. The Company is majority-owned by funds managed by affiliates of Apollo Global Management, Inc. (“Apollo”).