Newbury-based Relish, a provider of enterprise app development services, closed a $25 million Series B funding from Base10 Partners with participation from Volition Capital.
"Relish is fast becoming the leading unified platform for businesses to drive compliance automation," Jason Kong, a Partner at Base10 Partners, said in a statement. "In getting to know their strong leadership team and hearing extremely positive feedback from an enviable set of customers, we were thrilled to partner with Relish and lead their Series B. We are looking forward to supporting their future as an automation platform that integrates seamlessly with enterprise systems like SAP, Coupa, and Workday, something that Real Economy businesses need but have struggled to find in this market until now."
Relish has grown to more 200 global customers amid an increased market demand for micro applications, AI assistants, and other solutions that drive efficiency, optimization, and fraud protection for enterprise procurement and accounts payable processes.
"We are thrilled to increase our investment in Relish," said Roger Hurwitz, Managing Partner at Volition Capital. "Ryan and team are innovating around large gaps of functionality in mission-critical segments of enterprise software, such as procurement, to increase automation and ensure compliance in a fragmented ecosystem. Relish is experiencing rapid adoption with both customers and partners, and the business is now well-positioned to extend its reach and optimize many more inefficient processes throughout an organization."
