Physic Ventures, a venture capital firm backed by consumer goods companies Pepsi and Unilever, leads $12m third funding round for Gazelle, a US-based company for selling secondhand electronics goods.
Gazelle, a US-based company for selling secondhand electronics goods, has raised $12m in series C round from Physic Ventures, a venture capital firm backed by consumer goods companies Pepsi and Unilever.
Physic led the round as a new investor, and was joined by repeat venture capital investors Venrock and RockPort Capital Partners. Last year, Gazelle’s business tripled as nearly 100,000 customers traded-in or recycled their electronic equipment.
Andrew Williamson, a director at Physic, said: "We are very excited about the…
