About RELEX
RELEX is a Retail company based in Helsinki (Finland) founded in 2005 by Johanna Smaros, Michael Falck, and Mikko Karkkainen. Unified platform for retail and supply chain planning is offered. It operates in the Retail and Technology sectors. RELEX has raised $816.41 million across 10 funding rounds from investors including Blackstone, European Union and TCV. The company has 2,302 employees. RELEX has completed 4 acquisitions, including Forecast Solutions, Galleria RTS and Optimity Software. RELEX was last valued at $5.68 billion in February 2022. Its chief executive, as recorded, is Mikko Karkkainen. Its website relexsolutions.com draws about 222 thousand monthly visits. Its focus areas include In Store Retail Tech, Suite, Enterprise Applications and Enterprise Resource Planning.
Company details
Founded in 2005 and headquartered in Helsinki, Finland, RELEX operates in the retail and supply chain sector. A unified platform is provided for demand, manufacturing, and distribution planning. Collaboration across the supply chain is facilitated, including inventory and replenishment management. Tools for retail operations, space and assortment planning, as well as pricing and promotions, are also included in the offerings.
- Headquarters Helsinki, Finland
- Employees 2,302
- Founders Johanna Smaros, Michael Falck, Mikko Karkkainen
- Stage Unicorn
- SectorsRetailTechnology
- Website category Business and Consumer Services · Business Services
- Email••••••••
- Phone•••• ••••
- Website relexsolutions.com
- Social LinkedIn X Facebook Instagram YouTube
- Annual Revenue$247.75 M (USD)as on Dec 31, 2023
- Net Profit-$24.42 M (USD)as on Dec 31, 2023
- EBITDA-$28 M (USD)as on Dec 31, 2023
- Total Equity Funding$816.41M (USD)
in 10 rounds
- InvestorsBlackstone
& 5 more
- Employee Count2,302
- Investments & AcquisitionsForecast Solutions
& 3 more
Apps and channels of RELEX
its YouTube channel RELEX Solutions has 797 subscribers and 30 videos.
Videos from RELEX
The most watched videos on RELEX's YouTube channel, RELEX Solutions (797 subscribers). Click a video to play it here.
More on RELEX Solutions.
Funding Insights of RELEX
RELEX has successfully raised a total of $816.41M across 10 strategic funding rounds. 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 $816.41M
- Total Rounds 10
- First Round $56,535
(Feb 2015)
- Investors Count 6
All 10 funding rounds of RELEX 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 |
|---|---|---|---|---|---|
| Dec 2024 | Series D | – | – | ||
| Feb 2022 | $568.42M | Series D | $5.68B | Blackstone | – |
| May 2019 | $56,002 | Grant | – | – | |
| Feb 2019 | $225.63M | Series C | $450M | TCV | – |
| Jun 2018 | $1.59M | Grant | – | – | |
| Sep 2017 | Series B | – | Summit Partners | – | |
| Jul 2016 | $1.52M | Grant | – | – | |
| Sep 2015 | $22.36M | Series B | – | Summit Partners | – |
| May 2015 | $54,939 | Grant | – | – | |
| Feb 2015 | $56,535 | Grant | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2022 | $5.68B | •••••••• |
| Feb 2019 | $450M | •••••••• |
Last known valuation $5.68B (Feb 2022). 6 investors in total: 6 institutional.
Investors in RELEX
RELEX has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Blackstone, European Union and TCV.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified investment management is provided across multiple asset classes. | 1985 | blackstone.com | New York, United States | |
Venture capital is invested in global technology companies by TCV. | tcv.com | Menlo Park, United States | ||
Government agency and accelerator focusing on innovative startups and SMEs | eicfund.eu | Brussels, Belgium | ||
Summit Partners is recognized as a growth equity investment firm. | summitpartners.com | Boston, United States | ||
| j12ventures.com | ||||
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for RELEX
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of RELEX
670 people are tracked at RELEX (170 in leadership, 3 in board & advisors, 497 in team); the tracked headcount is 2,302.
| Name | Role | Group |
|---|---|---|
Johanna Smaros | Co-Founder | Leadership |
Michael Falck | Co-Founder & President | Leadership |
Mikko Karkkainen | Co-Founder & CEO | 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 |
650 more people are available in the full profile.
Complete people profiles for RELEX
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
- Board tenure
- Professional contacts
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Investments & Acquisitions by RELEX
RELEX has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Forecast Solutions, Galleria RTS and Optimity Software.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Supply chain optimization softwares | optimitysoftware.com | Sydney, Australia | 2008 | Jan 2024 | •••• | |
AI-based promotion performance analysis is offered for offline retailers. | formulate.app | Stockholm, Sweden | 2015 | May 2022 | •••• | |
Supply chain management software solutions are provided for retail businesses. | forecast-solutions.com | Cornella De Llobregat, Spain | 2013 | Jan 2018 | •••• | |
Retail category, demand, store optimization | galleria-rts.com | Chicago, United States | 1989 | Jun 2016 | •••• |
Complete acquisition details for RELEX
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of RELEX
9 dated milestones of RELEX across 19 years, from founding to its latest funding, stage changes and deals.
- Founded RELEX is founded.
- Funding First funding round of $57K.
- Acquisition Acquires Galleria RTS.
- Acquisition Acquires Forecast Solutions.
- Milestone Reaches Minicorn status.
- Milestone Reaches Unicorn status.
- Acquisition Acquires RELEX Solutions.
- Acquisition Acquires Optimity Software.
- Funding Latest funding round, Series D,.
Web traffic of RELEX
The website of RELEX (relexsolutions.com) receives about 222.4K visits a month and ranks #124,523 among all websites worldwide, #3,257 in Business Services.
- Monthly visits222.4K
▼ 17.6% vs previous month
- Unique visitors69.9K
per month
- Global rank#124,523
among all websites
- Category rank#3,257
Business and Consumer Services · Business Services
- Bounce rate29%
- Pages per visit6.8
- Average visit6 min 40 sec
- DevicesDesktop 52% · Mobile 48%
Websites whose visitors overlap most with RELEX. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
sdcexec.com | sdcexec.com | 100% | #656,790 | – | |
| scdigest.com | 84% | #1,948,877 | View details | ||
| kinaxis.com | 78% | 120.3K | #329,554 | View details | |
| netstock.com | 77% | 67.9K | #569,387 | View details | |
| vusion.com | 76% | 53.2K | #672,168 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 28 similar websites and full traffic analytics for RELEX
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- 28 similar websites
- Audience overlap
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Related news about Relex
Complete news archive for RELEX
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- Brand-specific news history
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Frequently Asked Questions about RELEX
RELEX was founded in 2005 and raised its 1st funding round 10 years after it was founded.
RELEX is headquartered in Helsinki, Finland. It is registered at Helsinki, Uusimaa, Finland.
Mikko Karkkainen is the CEO of RELEX, as recorded in our data. They have also founded this company.
RELEX is a funded company, having raised a total of $816.41M across 10 funding rounds to date. The company's 1st funding round was a Grant of $56.54K, raised on Feb 2015.
RELEX has 2,302 employees.
Annual revenue of RELEX is $247.75M as on Dec 31, 2023.
Founded in 2005 and headquartered in Helsinki, Finland, RELEX operates in the retail and supply chain sector. A unified platform is provided for demand, manufacturing, and distribution planning. Collaboration across the supply chain is facilitated, including inventory and replenishment management. Tools for retail operations, space and assortment planning, as well as pricing and promotions, are also included in the offerings.
RELEX has made 4 acquisitions, including Forecast Solutions, Galleria RTS, and Optimity Software.
RELEX has 6 investors. Key investors include Blackstone, European Union, TCV, EIC Fund, and Summit Partners.
The valuation of RELEX is $5.68B as of Feb 2022.
The website of RELEX receives about 222 thousand visits a month and ranks #124,523 among all websites worldwide.