Rheaply acquires Materials Marketplace to scale reuse across North America

Rheaply is named winner of 20th Annual Chicago Innovation Award

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December 8, 2021

We are extremely proud to share that Rheaply has been named one of the winners of the 20th annual Chicago Innovation Awards. The winners were announced at this year’s event held on Tuesday, December 7th.

Team Rheaply with Chicago Innovation Award

The Chicago Innovation Awards, celebrating its 20th anniversary, is the Chicago region’s foremost recognition of the most innovative new products or services brought to market each year.

Rheaply’s technology is helping scale the circular economy — an economic model that emphasizes keeping resources in constant circulation rather than discarding them and adding to landfills. Through its resource management platform, Rheaply empowers organizations to better manage, exchange, and track their material resources, helping them save money and eliminate waste while allowing employees and users to understand the sustainable impact of their procurement decisions. Rheaply’s climate-forward solution is already being leveraged by Fortune 100 companies, state, local and federal governments, small businesses, and nonprofits ready to adopt the principles of reuse and the circular economy.

Through its platform Rheaply is a climate-forward solution for Fortune 500 companies, governments, universities, small businesses, and other community members ready to adopt principles of reuse and the circular economy.

“As we’re still in the midst of a global pandemic, innovation is needed now more than ever,” said Tom Kuczmarski, co-founder with Chicago journalist Dan Miller of the awards. “The 2021 winners are solving unmet needs impacting healthcare, social services, education, finance, food consumption, telecommunications, manufacturing, business services, consumer products and more.”

“On behalf of the entire team at Rheaply (here and beyond); our climate conscious customers and users; our supportive investors and mentors; our patient yet righteously motivated family and partners; and all the other entrepreneurs fighting for a better, cleaner, more just world, we are excited to accept the social innovator award. This is quite the honor, and we take this as further validation that the big impactful company, Rheaply, we are building in Chicago work is seen and heard. I promise you all, this is just the beginning.”

Dr. Garry Cooper, CEO and co-founder of Rheaply

The winning organizations receive a variety of honors including the opportunity to ring the Nasdaq Bell in New York City, and meetings with the Mayor of Chicago, Governor of Illinois and Cook County President.

“425 organizations nominated for this year’s awards,” said Luke Tanen, President and CEO of Chicago Innovation. “As a group, these nominees are responsible for generating over $19 billion in new revenues, 22,807 new jobs, and 340 patents from their nominated new products and services. The winners represent the best from this very impressive group.”

The complete list of this year’s Chicago Innovation Award winners can be found at www.chicagoinnovation.com.

The Chicago Innovation Awards are supported by Diamond Sponsors Wintrust, Accenture, SMS Assist, and Walgreens, along with Gold Sponsors Comcast Business and Exelon, and other organizations.