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Rheaply

Environmental Services (B2B) · Chicago, IL · Founded 2016 · Privately Held (backing)

Developer of a resource exchange platform designed to connect people and organizations with resources to improve reuse outcomes and catalyze the circular economy. Rheaply is based in Chicago, IL and was founded in 2016. Its last reported valuation was $82 million in Aug 2022. It has raised $34.3 million across 4 recorded rounds; the latest was a $1 million seed round in Apr 2025.

Last reported valuation
$82.0M
Oct 2026
Priced at
—
Total raised
$34.3M
Last round
Seed Round
Apr 2025

Rheaply key facts

as of Oct 2026
  • Developer of a resource exchange platform designed to connect people and organizations with resources to improve reuse outcomes and catalyze the circular economy.
  • Rheaply is valued at approximately $82.0M as of Oct 2026 (last reported valuation).
  • It has raised $34.3M across 4 recorded rounds; the latest was Seed Round ($1.0M) in Apr 2025.
  • Notable investors include Techstars, Impact Assets, Climate Capital, Salesforce Ventures, Energy Impact Partners — 39 tracked in total.
  • Rheaply has filed 6 Form Ds with the SEC since 2021, most recently May 2025 ($1.0M sold to 1 investors).
  • Status: Privately Held (backing).
Last reported valuation
LOW confidence
$82.0M

Rheaply's last reported valuation, Aug 2022. Nothing priced has surfaced since.

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Rheaply funding rounds

4 rounds
Apr 2025Seed Round$1.0MSEC filing▮
Aug 2022Later Stage VC (Series A)$20.0M▮
May 2021Seed Round$2.2MSEC filing▮
Jan 2021Early Stage VC$10.8MSEC filing▮
Full funding history →

Rheaply valuation

Rheaply's last reported valuation was $82 million in Aug 2022. No priced round, secondary trade or fund mark has surfaced since.

How much has Rheaply raised?

Rheaply has raised $34.3 million across 4 recorded rounds since 2021. The largest was a $2.2 million seed round in May 2021; the most recent was a $1 million seed round in Apr 2025.

Rheaply has filed 6 Form Ds with the SEC since 2021, most recently in May 2025 ($1 million sold to 1 investor).

Rheaply investors

39 investors are on record for Rheaply, including Techstars, Impact Assets, Climate Capital and Salesforce Ventures. By type, the record holds 8 venture capital firms and 2 private investors. The seed round in Apr 2025 drew 1 investor.

Comparable companies

Comparable environmental services (b2b) names by valuation on PrivateMarketView: Ridwell ($77 million), Sourgum ($56.6 million) and Secondlaw ($18.4 million).

About Rheaply

Developer of a resource exchange platform designed to connect people and organizations with resources to improve reuse outcomes and catalyze the circular economy. The company's platform combines an asset management system with an online marketplace that allows users to exchange materials and resources more effectively, enabling companies to eliminate unnecessary waste and to scale organizational reuse.

Industry
Environmental Services (B2B)
Sector
Business Products and Services (B2B)
HQ
Chicago, IL, United States
Founded
2016
Employees
76
Ownership
Privately Held (backing)

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