Participated · Series A · Feb 2021

Rheaply’s core product is the Asset Exchange Manager (AxM), a hybrid asset-management system and peer-to-peer online marketplace that lets organizations visualize inventory, track depreciation and seamlessly exchange surplus resources. By combining transparent asset tracking with a gamified exchange interface and built-in sustainability metrics, the platform maximizes reuse, remanufacturing and proper disposal of materials. Clients across enterprises, academia and government—including the U.S. Air Force, Google, AbbVie, Exelon, MIT and several universities—have executed more than 5,000 transactions on AxM. These exchanges have diverted over 15 metric tons of waste and delivered millions of dollars in cost savings. With its newest capital, the company will roll out a multi-phase carbon product roadmap created with Microsoft, adding carbon-reduction reporting so users can link asset reuse to emissions accounting and potential carbon credit opportunities. Rheaply previously secured an $8 million Series A round in February 2021 and a $2.5 million seed round, bringing total disclosed funding to at least $12.7 million. The company positions itself as the first B2B asset-exchange platform to integrate carbon metrics, aiming to become a cornerstone of the circular economy.