Rheaply Raises $2.2M Inter-Series Funding Round
- Rheaply, a Chicago, IL-based climate tech company that combines a resource-sharing network with an asset management platform, raised $2.2m inter-series funding round
- The round was led by Microsoft’s Climate Innovation Fund, with participation from MIT Solve’s investment arm, Solve Innovation Future
- The company intends to use the funds to build carbon-based reporting into the platform
- The company provides an Asset Exchange Manager (AxM) platform that tracks inventory and depreciation, allowing users to visualize, quantify, and utilize surplus assets
- Now, the company will implement a multi-phase carbon product roadmap to align with key milestones and objectives defined in partnership with Microsoft
- This will help organizations tie material reuse to carbon accounting and credit opportunities
