“We are excited to partner with DoorDash to automate and optimise forecasting and replenishment for their DashMart locations,” says Carlos Victoria, SVP Sales Americas at RELEX.
“We look forward to working with DoorDash to continue driving accuracy and efficiency in their supply chain operations.”
Funding round
Earlier this year, RELEX Solutions announced a €500 million funding round led by funds managed by Blackstone Growth (BXG), Blackstone’s growth equity investing business.
This put its valuation at €5 billion
The company, which previously raised over €200 million, said it would hire hundreds of developers and experts to grow its technical team.
Headquartered in Helsinki, Finland, RELEX Solutions employs over 1,300 people globally and has offices in the US, UK, Germany, Italy, Spain, Portugal, France, Sweden, Norway, Denmark, Poland, Singapore, Australia, and Hong Kong.
Clients include Dollar Tree, M&S Food, Franprix, Morrisons, PetSmart, Sephora, and Rossmann.
“Retail and supply chain planning used to be dominated by incumbents and their legacy technologies, but our growth into a market leader shows that the industry is ready for a change,” said Mikko Kärkkäinen, Group CEO and Co-founder, RELEX Solutions.
“We are proud to welcome Blackstone, with their unparalleled experience in the field, on our journey as we redouble our commitment to both technological innovation and our vision for truly unified planning.”
Kärkkäinen added: “Consumers are changing their behaviour and preferences at an unprecedented pace.”
“With the power of smart automation and algorithms, we want to help our customers adapt their offering to their customers’ changing needs – what we call living retail.”
“Our customers value technology that enables them to respond quickly to external disruptions and drive rapid innovations in sales and fulfilment channels, product offering, and store formats without missing a beat in their supply chain, merchandising, and operational planning.”
