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.