# Checkroom NV

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/checkroom

- Industry: Software
- Headquarters: Ghent, Belgium
- Website: www.cheqroom.com
- Total disclosed funding: $8.2M
- Latest round: Series A (Mar 14, 2022)
- Investors on record: 3

## About

Checkroom NV develops enterprise asset management software to streamline asset tracking and optimize resource allocation for teams managing high-value items. Their platform enhances visibility and efficiency in asset management across various sectors.Founded in 2013, Checkroom NV is headquartered in Ghent, Belgium. The company specializes in providing asset management solutions tailored for organizations that handle high-value equipment. Vincent Theeten serves as both the founder and CEO. In March 2022, Checkroom NV raised USD 15 mn in Series A funding led by Level Equity, marking a significant milestone for the company. This funding brought the total amount raised to USD 15 mn across two deals since inception.Cheqroom offers a comprehensive enterprise asset management software solution designed specifically for teams that manage high-value assets across various projects and locations. The platform's core functionalities include equipment tracking, conflict-free booking systems, and real-time location tracking, providing users with visibility into asset availability and usage. Key features also encompass an intuitive interface for managing reservations and checkouts, access permissions for administrators, and automated maintenance tracking. Cheqroom caters to a diverse clientele, including creative studios, corporate IT departments, educational institutions, and event management teams, serving customers across North America, Europe, and Asia.Cheqroom generates revenue through a subscription-based model tailored for its enterprise asset management software. Clients engage with Cheqroom via direct-to-business transactions linked to their specific needs and asset inventory size. Revenue is derived from tiered pricing plans that accommodate varying service levels and access to premium features. With a robust client base of over 1,000 organizations managing a cumulative value of over USD 5 bn in assets, the company reported an EBITDA of USD -4,029,528.90 for the most recent year, 2022.In March 2022, Checkroom NV raised USD 15 mn in Series A funding, which will be utilized to enhance its product offerings. The company has plans to expand its operations into the U.S. market while also opening an innovation hub in Spain, aimed at fostering product development and market reach.

## Funding rounds

- Series A, Mar 14, 2022, $7.9M — Level Equity
- Seed, Sep 8, 2014, $0.3M — BAN Vlaanderen, Lean Fund

## Investors

- BAN Vlaanderen — Seed
- Lean Fund (https://capitalatlas.ai/funds/lean-fund) — Seed
- Level Equity (https://capitalatlas.ai/funds/level-equity) — Series A