Monday, June 14, 2021

ecoATM Gazelle Gets $75M In Growth Capital

San Diego-based ecoATM said on Monday that it has raised $75M in a growth equity round. The funding came from existing investor Cowen Sustainable Advisors. According to the company, the funding will go to accelerate the company's global expansion and support product extensions. The company said the investment includes building and deploying thousands more of its automated retail fulfillment kiosks in the US, Europe, and Asia. ecoATM is led by CEO Dave Maquera. ecoATM Gazelle is majority owned by Apollo Global Management.

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