Gazelle, a US-based online service for people to trade in electronics for cash and then re-sells them or recycles them, has raised $22m in its fourth round of funding.
Venture capital firms Craton Equity Partners, Physic Ventures, RockPort Capital Partners and Venrock Associates provided the series D round.
In July last year, Gazelle, a US-based company for selling secondhand electronics goods, raised $12m in series C round from Physic Ventures, a venture capital firm backed by consumer goods companies Pepsi and Unilever.
Physic led the C 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.