1. News
February 7, 2019

Retail planning solutions firm Relex secures $200m funding from TVC

US-based retail planning solutions firm Relex Solutions has secured $200m in funding from growth equity firm TVC in line with expansion plans. 

US-based retail planning solutions firm Relex Solutions has secured $200m in funding from growth equity firm TVC in line with expansion plans.

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Relex offers end-to-end retail planning solutions to major retailers such as Coop Denmark, Franprix, MediaMarkt, Morrisons, PartyCity, Rossmann and WHSmith.

The company will use the investment to grow the business, as well as enhance retail planning.

The company’s solution allows retailers to enhance business by supporting them for accurate forecasting and replenishment, localised assortments, profitable use of space and optimised workforce planning.

“Our vision is to change how the field works by driving a more responsive unified planning process.”

Relex Solutions CEO Mikko Kärkkäinen said: “The development of retail and supply chain planning has been held back by siloed organisations and limitations in how technologies integrate.

“Our vision is to change how the field works by driving a more responsive unified planning process.

“We are already off to a good start – now we will increase our speed by accelerating our product development ambitions, hiring more tech talent and investing further into the development of our organization as well as further expanding our retail-specific machine learning and AI capabilities that complement our core data processing platform.”

In addition, the company’s founders Kärkkäinen, Johanna Småros and Michael Falck will continue in their senior management roles and will focus on executing the company’s strategies.

Summit Partners, an existing investor in Relex, will continue to hold an equity stake in the business as well as a seat on the company’s board of directors.

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What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.