About RELEX
RELEX is a company based in Helsinki (Finland) founded in 2005 by Johanna Smaros, Michael Falck, and Mikko Karkkainen.. RELEX has raised $816.41 million across 10 funding rounds from investors including Blackstone, European Union and TCV. RELEX has completed 4 acquisitions, including Forecast Solutions, Galleria RTS and Optimity Software. RELEX operates in a competitive market with competitors including Wasoko, Bizom, CallidusCloud, TradeGecko and Jushuitan, among others.
- Headquarter Helsinki, Finland
- Founders Johanna Smaros, Michael Falck, Mikko Karkkainen
- Stage Unicorn
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$816.41 M (USD)
in 10 rounds
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Latest Funding Round
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Investors
Blackstone
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
Forecast Solutions
& 3 more
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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
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 Total Funding
- Total Rounds 10
- Last Round Last Round
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First Round
First Round
(01 Feb 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series D - RELEX | Valuation |
investors |
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| Feb, 2022 | Amount | Series D - RELEX | Valuation | Blackstone |
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| May, 2019 | Amount | Grant - RELEX | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
investors |
Investors in RELEX
RELEX has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Blackstone, European Union and TCV. 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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Diversified investment management is provided across multiple asset classes.
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Founded Year | Domain | Location | |
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Venture capital is invested in global technology companies by TCV.
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Founded Year | Domain | Location | |
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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location |
| Investor | Description | 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI-based promotion performance analysis is offered for offline retailers.
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2015 | ||||
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Supply chain management software solutions are provided for retail businesses.
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2013 | ||||
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Supply chain optimization softwares
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - RELEX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
investors |
Relex Comparisons
Competitors of RELEX
RELEX 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 Wasoko, Bizom, CallidusCloud, TradeGecko and Jushuitan, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online B2B marketplace offering groceries for enterprises
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| domain | founded_year | HQ Location |
Retail intelligence platform is developed for brands and B2B retailers.
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| domain | founded_year | HQ Location |
Cloud-based solutions for sales, marketing, and pipeline management are provided.
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| domain | founded_year | HQ Location |
Provider of cloud-based suite solutions for wholesalers
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| domain | founded_year | HQ Location |
SaaS-based ERP solutions are provided for e-commerce operations management.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Relex
Frequently Asked Questions about RELEX
When was RELEX founded?
RELEX was founded in 2005 and raised its 1st funding round 10 years after it was founded.
Where is RELEX located?
RELEX is headquartered in Helsinki, Finland.
Who is the current CEO of RELEX?
Mikko Karkkainen is the current CEO of RELEX. They have also founded this company.
Is RELEX a funded 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 $56K, raised on Feb 01, 2015.
What does RELEX do?
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.
Who are the top competitors of RELEX?
RELEX's top competitors include Bizom, Wasoko and CallidusCloud.
How many acquisitions has RELEX made?
RELEX has made 4 acquisitions, including Forecast Solutions, Galleria RTS, and Optimity Software.
Who are RELEX's investors?
RELEX has 5 investors. Key investors include Blackstone, European Union, TCV, EIC Fund, and Summit Partners.
What is RELEX's valuation?
The valuation of RELEX is $5.68B as of Feb 2022.
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