RELEX Solutions Valuation, Funding & Investors

RELEX Solutions is valued at $5.8B as of February 2022.

Last RELEX Solutions valuation

$5.8B

Undisclosed stage · Feb 2022

Last RELEX Solutions funding round

$561M

Undisclosed stage · Feb 2022

Cumulative funding RELEX Solutions raised

$795M

across 4 funding rounds

Key investors in RELEX Solutions

RELEX Solutions Overview

About RELEX Solutions

RELEX Solutions is a Helsinki-headquartered provider of AI-powered supply chain and retail planning software. Its unified platform optimizes demand forecasting, replenishment, and assortment for grocers like Morrisons, Coop Denmark, and Rossmann across 20 countries. With offices in North America and Europe, RELEX serves 300-plus retailers managing billions in annual sales.


Founded

2005

HQ

FinlandHelsinki

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$5.8B (Feb 2022)

RELEX Solutions Valuation

RELEX Solutions is currently valued at $5.8B, based on its undisclosed-stage round in February 2022.

The $561M round was led by Blackstone.

RELEX Solutions' valuation has grown 13x from $450M at its undisclosed-stage round in February 2019 to $5.8B in February 2022, across 2 priced rounds.

RELEX Solutions valuation by funding round

RELEX Solutions valuation by funding round
DateStageValuation
Feb 2022Undisclosed stage$5.8B
Feb 2019Undisclosed stage$450M

RELEX Solutions Funding History

RELEX Solutions has raised a total of $795M across 4 funding rounds.

RELEX Solutions' first fundraising round was a $22M undisclosed-stage round in September 2015. The most recent completed round was a $561M undisclosed-stage round in February 2022.

RELEX Solutions funding rounds

RELEX Solutions funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2022Undisclosed stageBlackstone (lead)$561M$5.8BRELEX Solutions, headquartered in Helsinki, Finland, provides unified retail planning solutions with data-driven software that automates and optimizes supply chain, merchandising, and operational decisions for retailers and consumer packaged goods companies. The platform employs AI for demand forecasting, replenishment automation, and supply chain visibility to reduce food waste, meet consumer demand accurately, and handle disruptions. Clients include major retailers like Dollar Tree, M&S Food, Franprix, Morrisons, PetSmart, Sephora, and Rossmann, with offices across Europe, the US, Asia, and Australia. On February 17, 2022, RELEX announced a €500M funding round led by Blackstone Growth, marking the largest funding round ever for a Finnish growth company and bringing total funding raised to over €700M. The round valued the company at €5Bn post-money (approximately $5.6Bn USD equivalent at the time). Blackstone highlighted RELEX's market-leading position, measurable ROI, strong customer feedback, and growth trajectory in retail and supply chain planning. Proceeds from the investment are earmarked for hiring hundreds of developers and experts to expand the technical team, which already exceeded 400 people. In 2021, RELEX grew its customer base to over 350 clients and nearly doubled its software revenue bookings, demonstrating robust traction amid shifts to 'living retail' driven by rapid changes in consumer behavior. The funding positions RELEX to innovate further, challenge legacy technologies in retail planning, and broaden its product offerings. Blackstone's expertise in the sector and global network are expected to support RELEX in cementing market leadership and scaling internationally.
Feb 2019Undisclosed stageTCV (lead)$200M$450MRELEX Solutions is a Finland-based provider of unified retail planning solutions, including AI-driven demand forecasting, inventory replenishment, space planning, and workforce management, primarily serving retailers and consumer goods companies with cloud-based software to optimize supply chains. The company announced a $200 million minority investment from TCV on February 6, 2019, marking its fourth funding round and the first deal from TCV's $3 billion Fund X. This investment lifted RELEX's valuation to $450 million, as reported in contemporaneous coverage, with TCV describing it as a growth-stage stake in a company poised to dominate global retail planning markets. Existing investor Summit Partners retained a board seat and equity stake. The funding was intended to accelerate RELEX's expansion, particularly in the U.S. market where growth was fastest, enhance product connectivity for customer supply chains, and develop additional services like labor optimization alongside demand forecasting and pricing. RELEX had previously raised $20-30 million from Summit Partners, maintaining capital efficiency. Customers at the time included major names like Albertson's, Circle K, Delhaize America, Dr. Pepper/Snapple, and others across Europe and the U.S., benefiting from reduced inventory waste, improved availability, and efficient operations. TCV partner John Doran highlighted RELEX's modern cloud software, data processing capabilities, high customer satisfaction, and ROI delivery as key strengths. Subsequent developments included further investments from Blackstone and TCV in 2022 and an increased investment in 2024, with later reports noting 35-37% YoY revenue growth in H1 2024, but these post-date the queried round.
Sep 2017Series ASummit Partners (lead)$12M-RELEX Solutions raised EUR 10 million in a Series Unknown round in September 2017 led by Summit Partners to support technological advancements and market expansion. This followed Summit Partners' initial EUR 20 million minority investment in 2015, which funded international expansion including entry into the North American market. RELEX provides unified retail planning solutions covering forecasting, replenishment, space, assortment, and workforce optimization. The 2017 follow-on investment recognized RELEX's growth, building on prior revenue tripling between 2015 and 2017 while adding over 90 new customers worldwide including Rossmann, WHSmith, Morrisons, Coop Denmark, and AO.com. RELEX founders Mikko Kärkkäinen, Johanna Småros, and Michael Falck retained majority ownership and senior leadership roles. Summit Partners facilitated customer introductions across Europe and North America.
Sep 2015Undisclosed stageSummit Partners (lead)$22M-RELEX Solutions, a Finland-based provider of unified retail planning solutions including forecasting, replenishment, space and assortment, and workforce optimization, received its first institutional equity investment of €20 million from Summit Partners in September 2015. This minority investment supported the company's international expansion, particularly a push into the North American market, while founders Mikko Kärkkäinen, Johanna Småros, and Michael Falck retained majority ownership and senior management roles. Prior to the investment, RELEX had grown organically since 2005, operating in 17 countries across Europe and Africa with around 100 customers and 160 employees. Summit Partners, a global growth equity firm, led the round as RELEX's initial backer, later participating in a 2017 follow-on investment. The partnership helped accelerate global growth, including establishing a North American office, customer introductions, transition to a SaaS model, and acquisitions like Galleria-RTS in 2016. By late 2017, RELEX had nearly tripled revenues over two years post-2015 investment, added over 90 new customers including Rossmann, WHSmith, Morrisons, Coop Denmark, and AO.com, and entered the U.S. market. Subsequent growth was significant: revenues increased 22x from 2015 to 2023, customers grew to over 500 from 100, offices to 21 from 8, and employees to over 2000 from 160+. Later rounds included TCV's $200 million minority investment in 2019 and Blackstone/TCV increases in 2022, marking Summit's exit after nearly a decade.

Who has invested in RELEX Solutions?

3 investors have backed RELEX Solutions across its funding rounds, including Summit Partners, Blackstone and TCV.

Lead investors include Blackstone, TCV and Summit Partners.


RELEX Solutions Investors

Investors in RELEX Solutions by funding rounds participated
InvestorHQRoundsRoleFirst check
Summit PartnersUnited StatesBoston, MA2LeadSep 2015

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Acquisitions by RELEX Solutions

RELEX Solutions has acquired 6 companies to date.

Last acquisition by RELEX Solutions was on December 18th 2025. RELEX Solutions acquired Ida for undisclosed valuation.


Latest Acquisitions by RELEX Solutions

Ida
Optimity
Formulate
Zenopt Oy
Description
Ida is a Tokyo-based platform reducing food waste in grocery distribution. The AI-driven service matches supermarkets with buyers for surplus fresh goods including fruits, vegetables, meat, poultry, and fish. Ida collaborates with chains like Aeon and Ito-Yokado to maximize orders and minimize discards through real-time inventory matching.
Optimity is an Australia-founded supply chain planning software provider established in 2008 with offices in Sydney, Stockholm, and Singapore. The platform includes modules for demand forecasting, inventory optimization, production scheduling, and network design. Optimity serves food and beverage, manufacturing, and distribution industries across complex supply chains.
Formulate is a cloud-based analytics platform transforming POS data into merchandising insights for retailers using machine learning. Retail DecisionCloud processes sales from systems like Square and Lightspeed, benchmarking against 10,000 stores for assortment optimization. The company serves independent grocers and chains in North America, identifying trends in categories like beverages and snacks. Formulate's AI forecasts demand with 95% accuracy, launched in 2020 from Toronto.
Zenopt Oy is a Helsinki-based workforce management software provider optimizing employee shifts with AI-driven forecasting. The platform analyzes demand data from retail, healthcare, and hospitality to minimize overstaffing while maintaining service levels. Features include drag-and-drop scheduling, real-time dashboards, and mobile apps for Finnish enterprises. Founded in 2016, Zenopt serves over 200 clients across Scandinavia with integrations to ERP systems like SAP.
HQ CountryFranceAustraliaSwedenFinland
HQ City
Paris
Sydney
Stockholm
Helsinki
Deal Date18 Dec 20253 Jan 202412 May 202227 Jun 2019
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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RELEX Solutions Competitors

RELEX Solutions competitors include listed companies like GigaCloud Technology and Infomart, and private ones like Olist, Route, Apkudo and Workato.

Public and private companies comparable to RELEX Solutions
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GigaCloud TechnologyUnited StatesUnited StatesPublicly listed$1.3B$158M$1.9B1.4x
OlistBrazilCuritibaPrivate--$1.5B-
RouteUnited StatesSalt Lake City, UTPrivate--$1.4B-
InfomartJapanJapanPublicly listed$121M$31M$1.2B8.6x
ApkudoUnited StatesBaltimore, MDPrivate--$300M-
WorkatoUnited StatesSan Francisco, CAPrivate$30M-$5.7B190.0x

RELEX Solutions Public Comps

RELEX Solutions is still privately-owned, but its public comps include Ingram Micro, Descartes Systems Group, HopeRun, Wuchan Zhongda Group Co, Kinaxis, SPS Commerce, Xiamen Xiangyu Co, GigaCloud Technology, Infomart and GuoChuang Software.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Ingram Micro$53B$1.1B0.2x0.2x8.7x6.6x
Descartes Systems Group$729M$305M8.8x8.1x21.1x17.7x
HopeRun$594M$42M7.1x6.4x100.0x-
Wuchan Zhongda Group Co$89B$1.5B0.1x0.1x8.5x7.3x
Kinaxis$548M$102M5.9x5.3x31.7x20.3x
SPS Commerce$752M$182M3.6x3.5x15.0x10.6x
Xiamen Xiangyu Co$61B$523M0.1x0.1x13.8x10.4x
GigaCloud Technology$1.3B$158M1.6x1.4x12.8x10.6x

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Common questions about RELEX Solutions

When was RELEX Solutions founded?RELEX Solutions was founded in 2005.
Where is RELEX Solutions headquartered?RELEX Solutions is headquartered in Helsinki, Finland.
Is RELEX Solutions publicly listed?No, RELEX Solutions is a private, VC-backed company.
What is RELEX Solutions' valuation?RELEX Solutions was last valued at $5.8B in its undisclosed-stage round in February 2022.
How much funding has RELEX Solutions raised?RELEX Solutions has raised $795M across 4 funding rounds.
What was RELEX Solutions' last funding round?RELEX Solutions' last funding round was a $561M undisclosed-stage round in February 2022, led by Blackstone.
Who are RELEX Solutions' investors?RELEX Solutions' investors include Summit Partners, Blackstone and TCV.
Which companies are comparable to RELEX Solutions?Companies comparable to RELEX Solutions include GigaCloud Technology, Olist, Route, Infomart, Apkudo and Workato.
How many companies has RELEX Solutions acquired?RELEX Solutions has acquired 6 companies, including Ida, Optimity, Formulate, Zenopt Oy and Forecast Solutions.

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