RELEX Solutions has raised a €500m funding round by tapping into investors’ appetite for supply chain tech companies, especially ones enabling corporates to boost their sustainability capabilities.
The Finnish tech venture automates supply chain management and slashes inefficiencies. It will use the new cash injection to recruit developers and experts to its technical team. Growth equity investor Blackstone Growth led the raise, which valued RELEX Solutions at €5bn. The company has previously raised over €200m in funding.
The news comes as venture capitalists have invested almost $7bn into the supply chain technology sector since 2018, according to data from analytics firm GlobalData. Of that, $2.46bn was raised by the sector in the past two years. That figure is bigger than the 24 deals worth a total of $180m raised in 2013. However, that’s still down from the peak of 2019 when 240 deals injected $2.99bn into the sector.
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