Cheqroom is a Belgium-based enterprise asset management platform founded in 2013. The company specializes in helping organizations track, analyze, and organize high-value equipment throughout its lifecycle. Cheqroom's mission is to empower teams by providing a collaborative platform that enhances asset utilization and control. Serving over 1,000 organizations across various industries, Cheqroom has become a significant player in the asset management sector.
Key Strategic Focus
Cheqroom's strategic focus centers on delivering a next-generation enterprise asset management platform that emphasizes full workforce participation. The platform is designed to connect, organize, track, and optimize the use of physical assets through proprietary planning and asset control algorithms. By enabling seamless collaboration, Cheqroom aims to reduce asset loss, improve operational efficiency, and extend asset lifecycles.
Financials and Funding
Since its inception, Cheqroom has secured funding to support its growth and development. In March 2022, the company completed a Series A funding round, raising $15.5 million. This investment was led by Level Equity Management, with participation from Business Angels Network Vlaanderen and Lean Fund. The capital is intended to enhance product offerings, expand market reach, and further develop the platform's capabilities.
Technological Platform and Innovation
Cheqroom's platform stands out due to its proprietary planning and asset control algorithms, which facilitate efficient asset tracking and management. The software offers features such as equipment reservations, maintenance scheduling, and real-time asset tracking, all accessible via mobile applications. This technological approach enables organizations to reduce asset loss by 25%, save three hours per week per employee, decrease project delays by 10%, reduce unplanned downtime by 40%, and extend asset lifecycles by 35%.
Leadership Team
Cheqroom was founded by Henk Schepens and Vincent Theeten. As of 2023, the company employs 48 individuals dedicated to advancing its mission in the asset management industry.
Competitor Profile
The enterprise asset management market is competitive, with several notable players offering similar solutions:
- EZO: Provides asset tracking and management software with features like compliance management, multi-channel management, and job management.
- Fracttal One: Offers cloud-based maintenance management software that assists with work order management, asset tracking, and inventory management.
- Limble: A modern, mobile, and easy-to-use CMMS software package designed to streamline maintenance operations.
- Samsara: Provides a single platform to manage fleets, equipment, and sites, utilizing IoT data to develop actionable insights and improve operations.
- Brightly Asset Essentials: Offers cloud-based centralized and digitized facility asset data management tools that assist with maintenance of digital and physical assets.
Strategic Collaborations and Partnerships
Cheqroom has established partnerships with various organizations to enhance its platform's capabilities and market reach. Notably, the company has collaborated with Bloomberg L.P., transforming cumbersome spreadsheets into seamless workflows, boosting data accuracy, and reducing equipment loss.
Operational Insights
Cheqroom's platform is designed to cater to a wide range of industries, including broadcast, entertainment, production, education, worship, device manufacturing, corporate, government, health and life sciences, and industrial sectors. By offering a collaborative and user-friendly interface, Cheqroom differentiates itself from competitors by emphasizing full workforce participation in asset management.
Strategic Opportunities and Future Directions
Looking ahead, Cheqroom aims to leverage its recent funding to enhance product offerings, expand into new markets, and further develop its technological capabilities. By focusing on innovation and customer-centric solutions, the company is well-positioned to address the evolving needs of organizations seeking efficient asset management solutions.
Contact Information
For more information about Cheqroom and its services, visit their official website at cheqroom.com.
