Summary

Rheaply is a SaaS company that sells resource exchange technology to reduce waste and improve asset recovery and internal reuse of physical assets, especially within large organizations. The company offers a digital platform through a web application, that reduces the friction in reuse or exchange of resources within an organization or across organizations/enterprises. The company started out as a peer-to-peer, virtual marketplace for laboratory equipment and consumables within higher education, where postdoctoral and graduate researchers could share unneeded resources, message each other and connect with nearby departments and laboratories. 

Story

Co-founder Garry Cooper, Jr. was pursuing his PhD at Northwestern, when he realized that many labs and departments were throwing away research assets that could easily be used in another lab. To solve this problem, Cooper In an effort to solve this problem, Cooper co-founded Rheaply in 2015 in Chicago, along with Peter Tucker and Tyler Skelton. Over the last few years, Rheaply has grown to use circular economy principles and technology to bring better efficiencies to resource recovery and reuse within and across all types of organizations — from federal, state, and local governments, to commercial enterprise.

Pic Credit: Wallpaper (right) and Rheaply (top)