Rheaply Raises $8M to Scale the Circular Economy and Enable Businesses to Take Action Against Climate Change

– Rheaply raises $8M in Series A round led by High Alpha with investment from 100 Black Angels & Allies Fund, Concrete Rose Capital, Hyde Park Angels, M25, MCJ Collective, Morgan Stanley Multicultural Innovation Lab, Revolution’s Rise of the Rest Seed Fund, and Salesforce Ventures.
– Rheaply’s platform eliminates potential waste by instituting the principles of a circular economy, a model that emphasizes “designing out waste and pollution, keeping products and materials in use, and regenerating natural systems.”
– Rheaply has helped organizations divert over 14.5 metric tons of waste and produce $1.6M in cost savings via over 5,000 transactions.