Rheaply Platform for Shared Business Assets

Rheaply's platform is designed to help businesses share and reuse assets, reducing waste and saving costs. This platform allows companies to manage their shared assets more efficiently.

Rheaply's platform can be accessed through a mobile app, making it easy for employees to search, request, and reserve shared assets on the go. The app is available for both iOS and Android devices.

By using Rheaply's platform, businesses can reduce their environmental impact by minimizing the need for new, resource-intensive assets. This approach also helps companies to be more sustainable and responsible.

Rheaply's platform is particularly useful for companies with a large number of shared assets, such as equipment, tools, and vehicles.

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Rheaply is a platform that helps organizations manage their surplus assets, reducing waste and increasing efficiency. It's like a digital garage sale for businesses.

Rheaply's platform connects surplus asset holders with those who can use or repurpose them. This can include non-profit organizations, educational institutions, and even other businesses.

By using Rheaply, companies can reduce their environmental impact and lower their costs associated with waste disposal.

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Rheaply's asset management system allows for the tracking of business metrics like depreciation, making it easier to manage inventory and extend the life of equipment. This includes a smart tagging system that enables users to find related items, such as parts for a microscope.

The platform also facilitates the reuse of equipment within an organization, with the closest team members seeing posted items first. This scheduled approach helps to reduce waste and promote sustainability.

Rheaply's SaaS product offers a range of features, including an Asset Exchange Manager that helps organizations inventory their available assets and create a community of like-minded organizations.

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Rheaply's Asset Exchange Manager (AxM) helps organizations inventorize their available assets and creates a community of organizations committed to optimization via surplus exchange.

The platform allows buyers to set up alerts for resources they wish to secure and even customize their feed with filters, making it easier to find what they need.

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Sellers can list their products or talent and decide the price, means of transfer, and payment terms on the platform, giving them control over the transaction.

Rheaply also encourages users to rate products and transactions, just like on Amazon or eBay, to ensure the quality of assets being shared.

This ensures that working-condition assets are shared with others who need them, helping clients manage resources sustainably and financially.

Organizations can gain access to the network by signing up to Rheaply and paying a monthly subscription, with enterprises paying $10,000 per month and academic facilities paying $1,000 per month.

A 20% transaction fee is also levied for every asset that is moved via the platform, as outlined at a Techstars event.

Users can collect points from transactions on the platform, which can be used to participate in raffles or earn prizes for their organization, adding a gamified element to sustainability.

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Rheaply offers a unique asset management system that tracks business metrics like depreciation, allowing for more informed decision-making.

This system also enables the tracking of equipment, such as a microscope, and its related parts, facilitating the reuse of components and reducing waste.

The platform has a smart tagging system that suggests related items, like spare parts, when searching for a specific item, like a microscope.

Rheaply's platform prioritizes local reuse, making it easier for team members or department members to reuse items within their immediate circle before sharing them with others outside their department or building.

This approach helps create a more efficient and sustainable reuse loop, reducing the need for external shipping and storage.

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Rheaply gamifies the reuse process to encourage staff participation. Employees earn points for reusing assets, which can be redeemed for prizes or used to participate in raffles.

The platform ranks employees against their colleagues, fostering a sense of friendly competition. This approach has been a game-changer in scaling Rheaply across different organizations.

Each month, the top points earner at every client site receives a monetary gift. This incentive has been successful in motivating staff to consider reuse.

Rheaply is also exploring the concept of carbon reuse, which will be the first time carbon has been related to reuse. This initiative will further encourage staff to prioritize sustainability.

The company has partnered with Skanska, the largest general contractor in North America, to develop a tool called DC Three. This tool helps measure the built environment and tracks carbon metrics.

Rheaply is also working with Salesforce to formalize a partnership and launch the One Tree Project. This initiative involves buying trees and transacting carbon credits for each transaction made on the platform.

Here's a list of Rheaply's initiatives to encourage staff reuse:

Rheaply has a team of 78 employees, which is a significant number for a company that's still growing.

Their employee count has grown by 39% last year, which is a testament to their rapid expansion and success.

This growth is likely to bring new ideas, perspectives, and skills to the table, which can be beneficial for the company's future endeavors.

Rheaply's ability to hire and retain top talent is a key factor in their success, and it's great to see them growing their team in such a significant way.

Here's a quick snapshot of Rheaply's employee data:

Rheaply's business model is built around a Software as a Service (SaaS) model, where prices are based on the number of buildings a company has. This allows workers to use Rheaply at no cost.

The company takes a transaction fee only when material moves from one organization to another and if it's a sale or rental. Rheaply is actually working towards having a business model with zero SaaS fees, which is a game-changer in their industry.

Rheaply's platform connects willing partners, making it easy to find and reuse existing materials. This approach can shift unsustainable behavior by providing a convenient and easy-to-use solution.

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The company has already seen success with clients like Plant Chicago and the University of Chicago, where they were able to access and reuse resources without having to pay or go far.

Here are some key goals for Rheaply's partnerships:

Rheaply's partnership goals are ambitious and focused on expansion. Within the next five years, the startup aims to expand to large organizations throughout the US and internationally.

To achieve this goal, Rheaply is seeking technical expertise to develop the Rheaply platform through the use of AI and blockchain asset tracking. This will enable the platform to efficiently manage and track the exchange of resources.

Rheaply is also looking for business development guidance to persuade new types of organizations to sign on. This will help the startup tap into new markets and increase its user base.

Here are the specific goals Rheaply has set for the next five years:

By achieving these goals, Rheaply plans to revolutionize the way companies manage and exchange resources, reducing waste and promoting sustainability.

We're a SaaS company with a pricing model based on the number of buildings a company has.

Our fees are per company, so workers can use Rheaply at no cost. We also take a transaction fee only when material moves from one organization to another and if it’s a sale or rental.

We're getting close to having a business model with zero SaaS fees for companies that drive a lot of external transactions or external rentals, making them good corporate citizens.

This means companies that are being responsible with their resources can potentially be freed from SaaS fees.

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Rheaply's impressive funding journey has been a significant part of its growth.

Rheaply secured its first two rounds of funding in January and February 2018, setting the stage for its future success.

In July 2018, Rheaply won $120k from the Techstars NYC accelerator program, a notable milestone in its funding history.

Rheaply's total funding stands at $12.8M, a significant amount that has helped the company achieve its goals.

Here's a breakdown of Rheaply's funding:

This impressive funding has helped Rheaply achieve significant milestones, including winning the Leadership Award for Advancing the Circular Economy in May 2019.

Millions of tons of institutional waste are generated annually by organizations and offices discarding physical assets.

Organizations spend capital on double-purchasing equipment, storing extra inventory, or even paying to purge assets.

Successful initiatives to reduce waste often break down or require manual processes, making them difficult to scale.

Unused materials continue to pile up and become waste when key stakeholders leave or processes break down.

Assets idle in storerooms, and few people know about their locations, leading to a throwaway decision due to convenience.

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Organizations and offices across every sector generate millions of tons of institutional waste annually by discarding their physical assets.

This waste can be avoided if organizations didn't spend capital on double-purchasing equipment, storing extra inventory, or even paying to purge assets.

Still-valuable assets are often improperly disposed of in landfills, where they contribute to increased emissions.

Successful initiatives to reduce waste often rely on a key stakeholder or a manual process of surplus exchange events, but these initiatives don't last when the key person leaves or the process breaks down.

Unused materials continue to pile up and become waste, and even in successful initiatives, assets often idle in storerooms, unknown to many people.

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Rheaply's Asset Exchange Manager is a game-changer for businesses looking to reduce waste and increase cost-effectiveness. This software platform tracks inventory and depreciation, allowing users to visualize, quantify, and utilize surplus assets more efficiently.

Rheaply's Asset Exchange Manager offers a range of features, including facilitated peer-to-peer asset exchange, a gamified online marketplace, and sustainability metrics. These features enable businesses to make more informed decisions about asset reuse and disposal.

For smaller and nonprofit partners, such as K–12 public schools, Rheaply's software can help save operational budgets and provide in-kind support services through equipment and knowledge sharing with larger organizations.

Rheaply's software helps businesses extend the lifetime of products by demonstrating business models for reuse and recovery. This approach enables the recovery and recycling of complex products, reducing waste and promoting sustainability.

Here are some key benefits of Rheaply's Asset Exchange Manager: