AAA Gazelle jumps on Ligon

Gazelle jumps on Ligon

Gazelle, a US-based company for selling second-hand electronics goods backed by Unilever’s corporate venturing unit, has created the role of non-executive chairman for Austin Ligon.  

Ligon has been a director of Gazelle  since 2007 after previously leading car retailer CarMax.

Israel Ganot, co-founder and chief executive of Gazelle, said: "With the creation of this new board position, we will be able to further leverage Austin’s vision and industry knowledge as he takes a more active role in the development of Gazelle’s business strategy."

Ligon said: "Gazelle is a company at the forefront of a nascent industry that is already attracting the attention and investment of some of the world’s leading retailers."

In July, Gazelle 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.

Gazelle closed its $6m series B round in November 2008 and an initial $4.4m in January that year when the company was known as Second Rotation.

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