Summit Partners Makes €20M Investment in RELEX Solutions
September 16, 2015
RELEX Solutions, a provider of supply chain software, has secured its first equity investment, receiving €20 million from Summit Partners. The funds will support continued international expansion, including a planned push into the North American market later this year. Founded in 2005, the company offers technology that helps retailers, wholesalers and manufacturers automate and optimize their supply chains, cut spoilage, reduce inventory and boost on-shelf availability. As part of the deal, Summit Partners' Han Sikkens has joined the RELEX Board of Directors.