About RELEX Solutions
RELEX Solutions is a company based in Stockholm (Sweden) founded in 2015 by Andreas Willgert and Arvid Stenback was acquired by RELEX in May 2022. It operates as a SaaS (Software-as-a-Service), and Managed Services. RELEX Solutions has raised $5.46 million across 3 funding rounds from investors including RELEX, Industrifonden and henQ vc. RELEX Solutions offers products and services including Promotion Planning Software, Demand Planning, and Price Optimization. RELEX Solutions operates in a competitive market with competitors including PandaDoc, Upside, Conga, Wiser and Crisp, among others.
- Headquarter Stockholm, Sweden
- Founders Andreas Willgert, Arvid Stenback
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Sectors
RetailTechnology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Relex Solutions
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Products & Services of RELEX Solutions
RELEX Solutions offers a comprehensive portfolio of products and services, including Promotion Planning Software, Demand Planning, and Price Optimization. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for optimizing retail promotion campaigns effectively.
Tool for forecasting demand in retail operations.
Solution for setting optimal pricing in retail.
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Software Development Team
133 people
Senior Team
89 people
Leadership Team
78 people
Sales and Marketing
73 people
Product Management Team
30 people
Head Team
23 people
Data Analysis and Operations Team
22 people
Business Team
21 people
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Funding Insights of RELEX Solutions
RELEX Solutions has successfully raised a total of $5.46M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $4.07 million completed in January 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $4.1M
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First Round
First Round
(23 Aug 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2020 | Amount | Seed - RELEX Solutions | Valuation | henQ | |
| Oct, 2019 | Amount | Grant - RELEX Solutions | Valuation |
investors |
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| Aug, 2018 | Amount | Seed - RELEX Solutions | Valuation | Industrifonden |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in RELEX Solutions
RELEX Solutions has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include RELEX, Industrifonden and henQ vc. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in deep-tech, life sciences, and transformative tech are managed.
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Venture capital funding is provided to B2B software startups.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by RELEX Solutions
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - RELEX Solutions
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Relex Solutions Comparisons
Competitors of RELEX Solutions
RELEX Solutions operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PandaDoc, Upside, Conga, Wiser and Crisp, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Document workflows are automated and managed for sales teams.
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Promotion management and cashback solutions are provided to retailers.
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Contract lifecycle management is facilitated via a cloud-based platform.
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Price intelligence and optimization software is provided for e-commerce retailers.
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Business analytics software is provided for CPG retailers and suppliers.
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eCommerce analytics platform is provided for online sellers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Relex Solutions
Frequently Asked Questions about RELEX Solutions
When was RELEX Solutions founded?
RELEX Solutions was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is RELEX Solutions located?
RELEX Solutions is headquartered in Stockholm, Sweden.
Who is the current CEO of RELEX Solutions?
Andreas Willgert is the current CEO of RELEX Solutions. They have also founded this company.
Is RELEX Solutions a funded company?
RELEX Solutions is a funded company, having raised a total of $5.46M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.39M, raised on Aug 23, 2018.
What does RELEX Solutions do?
Retail and supply chain planning solutions are offered by RELEX Solutions. Focus is placed on promotion planning, demand forecasting, and price optimization. Various industries including grocery, electronics, and consumer goods are served. Tools for inventory management, assortment planning, and integrated business planning are developed. AI-driven technologies are utilized to enhance forecast accuracy and operational efficiency. Collaboration across supply chains is facilitated to minimize stock issues. Comprehensive platforms for strategic and operational planning are maintained.
Who are the top competitors of RELEX Solutions?
What products or services does RELEX Solutions offer?
RELEX Solutions offers Promotion Planning Software, Demand Planning, and Price Optimization.
Who are RELEX Solutions's investors?
RELEX Solutions has 5 investors. Key investors include RELEX, Industrifonden, henQ vc, J12, and EIC Fund.
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