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Announced

TCV invested $200m in RELEX Solutions.

Synopsis

Technology Crossover Ventures invested $200m in RELEX Solutions, a leading provider of unified retail planning solutions. RELEX will use the funding to continue to fuel its successful growth. RELEX’s existing investor Summit Partners will retain an equity stake in the business and will continue to hold a seat on the RELEX board of directors. “The development of retail and supply chain planning has been held back by siloed organizations 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,” Mikko Kärkkäinen, RELEX’s CEO.

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