Funding round
RELEX Solutions Growth
Reported as "Growth Equity"
RELEX Solutions, which works in supply chain planning software development in Helsinki, raised $568M in a Growth round announced on 17 Feb 2022, led by Blackstone, at a $5.68B post-money valuation. 1 firm took part.
$568M
Amount raised
500,000,000 EUR converted
$5.68B
Post-money valuation
1
Investors
1 lead
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced RELEX Solutions at $5.68B after the new money. The $568M bought investors about 10% of the company. It is RELEX Solutions' first venture round on record, 17 years after it was founded in 2005. No later venture round is on record for RELEX Solutions.
RELEX Solutions' funding rounds
This is the only venture round on record for RELEX Solutions.
- Growth this round 17 Feb 2022, led by Blackstone $568M$5.68B post-money
Investors
Who put money in
Blackstone led the round.
Lead investor
- Blackstone backs 83 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
427 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 9.5 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Securonix Tech Companies | 15 Feb 2022 | $1.00B | not disclosed | Vista Equity Partners |
| Tech Companies | 1 Feb 2022 | $350M | not disclosed | K1 Investment Management |
| Branch Tech Companies | 10 Feb 2022 | $300M | $4.00B | New Enterprise Associates |
| Chargebee Tech Companies | 1 Feb 2022 | $250M | $3.50B | Tiger Global and Peak XV Partners |
| Cart.com Tech Companies | 3 Feb 2022 | $240M | not disclosed | Legacy Knight Capital Partners |
| Tech Companies | 14 Feb 2022 | $200M | not disclosed | Spectrum Equity and 22C Capital |
| Tech Companies | 22 Feb 2022 | $150M | not disclosed | Tiger Global |
| Tech Companies | 15 Feb 2022 | $100M | $2.00B | Blackstone |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did RELEX Solutions raise in its Growth round?
RELEX Solutions raised $568M in its Growth round, announced in Feb 2022.
Who led RELEX Solutions' Growth round?
Blackstone led it.
What was RELEX Solutions' valuation at the Growth round?
$5.68B post-money.
How does it compare with other Growth rounds in Tech Companies?
427 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 9.5 times the median.