Rheaply

Rheaply

Circular economy platform for resource reuse

Overview

Rheaply provides a technology platform that helps organizations source, procure, and reuse resources to cut waste and greenhouse gas emissions. The platform enables internal and cross‑organizational resource exchange, helping facilities teams quickly find parts for repairs and giving sustainability leaders data to track climate goals. It combines software with consulting services to implement and optimize resource‑exchange programs, offering data‑driven purchasing decisions rather than a single function. Its aim is to move organizations toward a circular economy by promoting reuse, supporting local businesses and jobs, and helping customers meet climate action goals while reducing costs.

About Rheaply

Simplify's Rating
Why Rheaply is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Consulting

Enterprise Software

Social Impact

Company Size

11-50

Company Stage

Late Stage VC

Total Funding

$32.8M

Headquarters

Chicago, Illinois

Founded

2015

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Simplify's Take

What believers are saying

  • Nicor Gas expanded Reuse Marketplace to Northern Illinois in September 2024.
  • Southern Company subsidiaries piloted Rheaply for decarbonization in Georgia.
  • Raised $20M funding in 2024 to scale enterprise resource management.

What critics are saying

  • Too Good To Go captures 50-70% food waste clients in 6-12 months.
  • Asset Panda erodes 60-80% healthcare contracts with 40% lower pricing.
  • SAP Ariba locks Fortune 100 clients, blocking 70-90% in 18-24 months.

What makes Rheaply unique

  • Rheaply uniquely combines asset management with online marketplace for reuse.
  • Platform enables cross-organizational resource exchanges, creating network effects.
  • AI-powered inventory tagging optimizes facilities lifecycle management.

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Funding

Total Funding

$32.8M

Above

Industry Average

Funded Over

5 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

6%

1 year growth

3%

2 year growth

3%
Times News Online
Sep 12th, 2024
Nicor Gas expands Reuse Marketplace to Chicagoland Businesses

NAPERVILLE, Ill., Sept. 12, 2024 /PRNewswire/ - Nicor Gas is partnering with Rheaply to expand its regional Reuse Marketplace to businesses throughout the company's Northern Illinois service territory.

Southern Company
Oct 4th, 2023
How Southern Company Is Investing in the Future of Energy

For example, New Ventures is collaborating with companies like Moxion Power and Rheaply to explore ways in which they can help advance decarbonization for the customers and communities served by Southern Company subsidiaries.

Macallan Communications
May 9th, 2023
Southern Company executive to co-chair new Elevate Future Fund advisory board

Southern Company subsidiaries are collaborating with Rheaply to leverage this resource management solution.

FinSMEs
May 5th, 2023
Energy Impact Partners Closes Fundraising for Fund I, at $111.9M

Southern Company subsidiaries are collaborating with Rheaply to leverage this resource management solution.

PR Newswire
May 4th, 2023
Southern Company to co-chair diversity-focused clean tech energy innovation fund

Nicor Gas has piloted Rheaply software, and Georgia Power, Southern Company Gas and Southern Company Services are currently working with Rheaply to implement a similar pilot program in Georgia.

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