Relex Solutions, a Helsinki, Finland-based provider of unified retail planning solutions, received a $200m minority investment from TCV.
The company will use the funding to continue to accelerate growth.
Co-founded by Mikko Kärkkäinen, Johanna Småros and Michael Falck, who will stay in their senior management roles and remain significant shareholders continuing to set the strategy and direction for the company, Relex 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 serves brands across the globe including Coop Denmark, Franprix, MediaMarkt, Morrisons, PartyCity, Rossmann and WHSmith.
Existing investor Summit Partners will retain an equity stake in the business and will continue to hold a seat on the board of directors.
The company has offices across North America and Europe.