Retail

EcoATM Gazelle raises $75M for expansion of used smartphone kiosks

Image courtesy of ecoATM.

June 14, 2021

EcoATM Gazelle, a smartphone and mobile e-commerce provider, has raised $75 million of new growth equity from existing investor Cowen Sustainable Advisors to accelerate its expansion of automated fulfillment kiosks for used smartphones as well as AI enabled mobile and fintech retail product extensions throughout the U.S., Europe and Asia, according to a press release.

The company is majority-owned by funds managed by affiliates of Apollo Global Management Inc.