Founders of RELEX Solutions establish a €100M charity foundation to battle climate change and reduce inequality
The new foundation will donate millions of euros to battle climate change, foster biodiversity and to reduce inequality in its first years of operation.
HELSINKI, Finland (December 8th, 2022) - Michael Falck, Mikko Kärkkäinen, and Johanna Småros, the three co-founders of Finnish tech unicorn RELEX Solutions, together with one of RELEX's first employees, Marko Nikula, announced a new charity foundation going by the name RELEX Foundation for a Better Future. The new foundation has received a cash injection of €10M and almost €100M worth of RELEX Solutions’ stocks from the founders.
“It’s important for us to reinvest RELEX Solutions’ success into causes that accelerate positive impact in the world. RELEX Foundation is on a mission to help build societies where people want to live their lives. We support and advance initiatives that preserve the environment, mitigate climate change, and drive more equal societies,” says RELEX Foundation's chairman of the board, Marko Nikula.
The foundation will fund organizations and initiatives battling some of the world’s biggest problems – climate change, biodiversity loss and inequality.
The foundation aims to have a significant impact as it provides funds to different stakeholders, including charitable and non-profit organizations, foundations, and research organizations. Regular impact assessments will be conducted to measure the success of the initiatives' strategic goals. The foundation will act as an independent organization. Besides its name, RELEX Foundation is independent from RELEX Solutions.
RELEX Solutions is a fast-growing tech unicorn that, in 2022, announced raising a record amount of funding in Finland - €500M - for its AI-driven, cloud-based supply chain and retail planning platform.
“RELEX Solutions and its success has enabled us to establish this foundation. We wanted to keep RELEX in the foundation's name to honor the work of our previous, current, and future RELEX Solutions employees,” says RELEX Solutions’ CEO and co-founder Mikko Kärkkäinen.
For additional information:
Petra Ranta
External Communications and PR Specialist, RELEX Solutions
petra.ranta@relexsolutions.com
+358406484675
About RELEX Foundation for a Better Future
Founded in 2022, the RELEX Foundation for a Better Future will fund organizations that are taking action towards a better future. Between 2023–2025, the foundation’s strategic emphasis will be mitigating climate change and biodiversity loss and reducing inequality.
The foundation aims to have a significant impact as it provides funds to different stakeholders, including charitable and non-profit organizations, foundations, and research organizations. Regular impact assessments will be conducted to measure the success of the initiatives' strategic goals.
Go to www.relexfoundation.org for more information
About RELEX Solutions
RELEX Solutions helps retailers and consumer brands drive profitable growth across all sales and distribution channels by maximizing customer satisfaction and minimizing operative costs. Our market-leading, unified supply chain and retail planning platform helps retailers and consumer goods companies align and optimize demand, merchandise, supply chain, and operations planning across the end-to-end value chain. We drive record-high product availability, increased sales and margin, improved sustainability, and the best return on investment in inventory, space, workforce, and capacity. Leading brands like Dollar Tree and Family Dollar, Stokke, Rite Aid, Sprouts Farmers Market, AutoZone, and PetSmart trust RELEX to optimize their supply chain and retail planning.
Go to www.relexsolutions.com for more information.
