RELEX Solutions, a Helsinki, Finland-based provider of unified retail planning solutions, announced the successful closure of €500 million in a funding round led by funds managed by Blackstone Growth (BXG), Blackstone’s growth equity investing business.
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.
Company: RELEX Oy.
Funding Month: February 2022
Lead Investors: Blackstone Growth (BXG)
Company Website: https://www.relexsolutions.com/
Software Category: Retail planning solutions
About the Company: RELEX Solutions is a profitable hypergrowth company employing over 1,300 people globally. RELEX Solutions’ data-driven software automates and optimizes supply chain, merchandising, and operational decisions for retailers and consumer packaged goods companies. 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. In 2021, RELEX grew its customer base to over 350 clients and almost doubled its software revenue bookings. Headquartered in Helsinki, Finland, the company has offices in the US, UK, Germany, Italy, Spain, Portugal, France, Sweden, Norway, Denmark, Poland, Singapore, Australia, and Hong Kong. Some of RELEX’s clients include Dollar Tree, M&S Food, Franprix, Morrisons, PetSmart, Sephora, and Rossmann.