About RELEX Solutions
RELEX Solutions is a Retail company based in Stockholm (Sweden) founded in 2015 by Andreas Willgert and Arvid Stenback, and was acquired by RELEX in May 2022. AI-based promotion performance analysis is offered for offline retailers. It operates on a SaaS (Software-as-a-Service) and Managed Services model in Retail and Technology sectors. RELEX Solutions has raised $5.46 million across 3 funding rounds from investors including RELEX, Industrifonden and henQ vc. Its chief executive, as recorded, is Andreas Willgert. RELEX Solutions offers products and services including Promotion Planning Software, Demand Planning, and Price Optimization. Its focus areas include Software, Retail Software, Supply Chain and Planning Solutions.
Company details
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.
Products & Services of RELEX Solutions
RELEX Solutions offers a comprehensive portfolio of products and services, including Promotion Planning Software, Demand Planning, and Price Optimization.
Software for optimizing retail promotion campaigns effectively.
Tool for forecasting demand in retail operations.
Solution for setting optimal pricing in retail.
Apps and channels of RELEX Solutions
its YouTube channel RELEX Solutions has 795 subscribers and 30 videos.
Videos from RELEX Solutions
The most watched videos on RELEX Solutions's YouTube channel, RELEX Solutions (795 subscribers). Click a video to play it here.
More on RELEX Solutions.
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 $5.46M
- Total Rounds 3
- Last Round Seed — $4.07M
- First Round $1.39M
(Aug 2018)
- Investors Count 4
All 3 funding rounds of RELEX Solutions with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2020 | $4.07M | Seed | – | henQ | |
| Oct 2019 | $55,601 | Grant | – | – | |
| Aug 2018 | $1.39M | Seed | – | Industrifonden | – |
5 investors in total: 5 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in deep-tech, life sciences, and transformative tech are managed. | industrifonden.com | Stockholm, Sweden | ||
Venture capital funding is provided to B2B software startups. | henq.vc | |||
| j12ventures.com | ||||
Government agency and accelerator focusing on innovative startups and SMEs | eicfund.eu | Brussels, Belgium | ||
Unified platform for retail and supply chain planning is offered. | 2005 | relexsolutions.com | Helsinki, Finland |
Investor details for RELEX Solutions
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- Complete investor list
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People of RELEX Solutions
668 people are tracked at RELEX Solutions (167 in leadership, 4 in board & advisors, 497 in team).
| Name | Role | Group |
|---|---|---|
Andreas Willgert | Co-Founder & CEO | Leadership |
Arvid Stenback | Co-Founder | Leadership |
Erik Kinch | Director Of Customer Success Scandinavia | Leadership |
Mikko Kärkkäinen | Co-Founder & Group CEO | Leadership |
Johanna Småros | Co-Founder & Chief Sustainability Officer | Leadership |
Tuomo Pesonen | COO | Leadership |
Rolf Donslund | VP Global Strategic Alliances | Leadership |
Susan Boyme | Vice President Strategic Accounts | Leadership |
Carlos Lopez | Vice President of Global Strategic Alliances | Leadership |
Jukka Uskonen | VP CPG Sales | Leadership |
Michael Hoffmann | Senior Vice President Sales - Geschäftsleitung DACH | Leadership |
Rich Kurhajetz | Sr. Director Value Engineering, Innovation And Technology | Team Lead | Field Strategy | Leadership |
Veronica Khurram | Head Of Controlling | Leadership |
Elina Hanén | Vice President, Financial Control & Operations | Leadership |
Janne Ojala | Head Of WFO Business Operations | Leadership |
David Marcos | Sr Director Alliances - NA & Latam | Leadership |
Sebastian Bahri | Partner Success Manager | Leadership |
Mark Mahara | Director Strategic Alliances EMEA | Leadership |
Marko Niiranen | Engineering Director | Leadership |
Andreas Klahr | Director Of Engineering | Leadership |
648 more people are available in the full profile.
Complete people profiles for RELEX Solutions
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of RELEX Solutions
4 dated milestones of RELEX Solutions across 7 years, from founding to its latest funding, stage changes and deals.
- Founded RELEX Solutions is founded.
- Funding First funding round of $1.4M.
- Funding Latest funding round, Seed, of $4.1M.
- Exit Acquired by RELEX.
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Related news about Relex Solutions
Complete news archive for RELEX Solutions
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Frequently Asked Questions about RELEX Solutions
RELEX Solutions was founded in 2015 and raised its 1st funding round 3 years after it was founded.
RELEX Solutions is headquartered in Stockholm, Sweden.
Andreas Willgert is the CEO of RELEX Solutions, as recorded in our data. They have also founded this 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 2018.
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.
RELEX Solutions offers Promotion Planning Software, Demand Planning, and Price Optimization.
RELEX Solutions has 5 investors. Key investors include RELEX, Industrifonden, henQ vc, J12, and EIC Fund.
RELEX Solutions operates through Relex Solutions.
Yes. RELEX Solutions was acquired by RELEX in May 2022.