Relex Solutions raises €500 million in Blackstone led round, now at €5 billion valuation
Summary
Supply chain automation and optimisation platform Relex Solutions has secured €500 million in a new funding round led by New York-based Blackstone Growth. The new funding will allow the company to embark upon an aggressive recruitment campaign that aims to add hundreds more developers to its existing 400+ member team. The service can optimise demand forecasting and automate the replenishment processes with pinpoint accuracy., ultimately maximising supply chain visibilities. The firm saw its customer base blossoming to over 350 top brands including Dollar Tree, M&S Food, Flink, Morrisons, PetSmart, Sephora, and Rossmann. "Our customers value technology that enables them to respond quickly to external disruptions and drive rapid innovations in sales and fulfillment channels, product offering, and store formats without missing a beat in their supply chain, merchandising, and operational planning,” said CEO and co-founder Mikko Kärkkäinen.
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