Second Rotation picks up $6M for electronics recycling and resale
Second Rotation is a service company that buys electronics from consumers for resale on eBay, as well as accepting older, valueless items for recycling. The company, which brands its service as Gazelle, has raised $6 million in a second round of funding.
We covered Gazelle back in July when it took on the new name and launched its service. The company is attempting to establish a recognized brand for resale of all used electronics, where other companies have only focused on specific categories like cell phones and MP3 players.
The funding was led by RockPort Capital Partners. Also participating were Venrock Associates and two angel investors. With its first funding of $4.4 million, the company has now taken a total of $10.4 million.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.