Relex Solutions raises €20M in a minority investment made by Summit Partners.

RELEX Solutions, provider of in-memory-based supply chain software, has accepted a €20 million minority investment from global growth equity firm Summit Partners.

The investment will support the technology company’s continued international expansion and a key push into the North American market later this year. RELEX’s founders, Mikko Kärkkäinen, Johanna Småros and Michael Falck, will continue in their senior management roles and remain majority owners of the company.

RELEX’s game-changing technology helps retailers, wholesalers and manufacturers automate and optimize their supply chains, cut spoilage, reduce inventory and boost on-shelf availability. Leveraging the power of in-memory computing, the system delivers large volumes of data over 100 times faster than traditional alternatives, giving its predictive demand forecasting and actionable analytics even more immediacy and impact. With easy implementation and demonstrated rapid return on investment, RELEX has already won over many of Europe’s largest retailers.

U.S. and Europe-based Summit Partners has extensive experience supporting the international growth of disruptive enterprise software companies. This is Summit’s first investment in a Finnish company and the first equity investment RELEX has accepted. RELEX has expanded organically since 2005 and now operates in 17 countries across Europe and Africa.