Cheqroom is a next-generation Enterprise Asset Management platform that helps organizations track, book, and manage high-value assets. Founded in 2013 and headquartered in Ghent, Belgium, Cheqroom has grown to become a leading provider of equipment management software, serving over 1,000 organizations worldwide and managing more than $5 billion worth of assets
Cheqroom was founded by Vincent Theeten in 2013. The company initially focused on serving the video production industry but has since expanded to cater to various sectors, including education, IT management, and enterprise teams. Cheqroom has experienced significant growth, with annual revenue increases of over 50% in recent years.
In March 2022, Cheqroom raised $15 million in a Series A funding round led by American investor Level Equity. This was a significant increase from their previous external funding of just $300,000 acquired in a seed round in 2014. As of March 2022, Cheqroom's enterprise valuation was estimated to be between $60-90 million
Cheqroom's core product is its asset management software, which offers features such as:
Asset tracking and inventory management
Reservations and check-outs
Mobile app for on-the-go management
Barcode and QR code scanning
Maintenance scheduling and tracking
Customizable workflows and reporting
User permissions and role management
Integration capabilities with other software
The platform is designed to be highly customizable and scalable, catering to the needs of both small teams and large enterprises
Cheqroom regularly updates its platform with new features. Recent additions include:
PDF creation and sharing within the app
Protection against data loss in detailed views
Advanced scan mode for faster asset information allocation
Cheqroom emphasizes innovation, customer satisfaction, and sustainability. The company's vision is to make circular asset management accessible to everyone, promoting efficient use of resources and extending asset lifespans. Cheqroom also values transparency and user feedback, as evidenced by their introduction of a feedback portal for product development input.
Cheqroom serves a diverse range of clients, including:
Educational institutions (universities and schools)
Media production companies
IT departments
Government agencies
