Dealflow | February 17, 2021

Rheaply scores $8 million to help companies recycle and reduce waste

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, February 17 — Chicago-based Rheaply helps organizations track and recycle unused items to reduce their carbon footprints.

The company has raised $8 million in a Series A financing round led by High Alpha, with 100 Black Angels & Allies Fund, Concrete Rose Capital, Hyde Park Angels, M25 MCJ Collective, Morgan Stanley Innovation Lab, Salesforce Ventures and Revolution’s Rise of the Rest seed fund (see, “Rise of the Rest backs Black-led startups”).

“This funding demonstrates a commitment from the venture community to fighting climate change and actively supporting Black-led and founded companies,” said Rheaply’s Garry Cooper