Relex Solutions secured €500 million in a new funding round led by New York-based Blackstone Growth.

Relex Solutions, a Helsinki, Finland-based provider of unified retail planning solutions, announced completing a €500 million ($569M) capital equity round.

The money was raised from investors led by New York-based Blackstone Growth.

Relex, founded in 2005 by CEO Mikko Kärkkäinen, Johanna Småros and Michael Falck, provides an end-to-end retail planning solution enabling companies to improve their competitiveness through accurate forecasting and replenishment, localized assortments, profitable use of space and optimized workforce planning. The company works with 350 top brands including Dollar Tree, M&S Food, Flink, Morrisons, PetSmart, Sephora, and Rossmann.

Prior to this round, relex completed a $200 million financial commitment to the company in a combination of fresh capital and secondary deals made by TCV with existing investor Summit Partners. Summit acquired shares in the company in 2017.