We are pleased to share the news that RELEX Solutions, a provider of unified retail planning solutions, has completed a €500M funding round led by funds managed by Blackstone Growth (BXG). Following the funding round, RELEX Solutions will hire hundreds of developers and experts to grow its technical team that already stands at over 400 people strong.
Summit Partners first invested in RELEX in 2015 as the company’s first institutional investor, partnering with founders Mikko Kärkkäinen, Johanna Småros and Michael Falck to support their vision to offer a more integrated, automated approach to managing retail supply chains – and their passion for solving retailers’ most complex challenges. Since then, we’ve been proud to work alongside the RELEX team during a period of significant growth and international expansion, as the company has continued to build and innovate its data-driven supply chain solutions that today serve more than 350 retailers and brands worldwide.
Today, RELEX Solutions employs over 1,300 people globally. The AI-driven, cloud-based RELEX Living Retail Platform helps retailers and brands reduce waste, costs, and manual work by automating and optimizing their demand planning, merchandising, supply chain, and workforce planning. In times of rapidly changing, fragmented consumer demand, new sales and fulfillment channels, and supply chain disruption, RELEX Solutions helps retailers and brands move fast and find new ways to meet consumer needs while improving operational efficiency and controlling costs.
We believe RELEX is at the forefront of leading digital transformation in the supply chain, and we are proud to continue to serve as their partner in growth.