FOR IMMEDIATE RELEASE
SILICON VALLEY—April 9, 2024—O’Melveny suggested Relocity, a number one relocation software program and tech-enabled providers supplier, on its strategic progress funding from Crest Rock Companions, a Denver-based personal fairness agency investing in software program, know-how, providers, and manufacturing companies.
The transaction was introduced on April 8.
Based in 2016 and headquartered in Los Angeles, CA, Relocity offers relocation software program options and tech-enabled vacation spot providers to enhance the cell worker expertise.
The O’Melveny staff advising Relocity was led by Silicon Valley M&A accomplice David Makarechian, head of the agency’s Rising Applied sciences Group, companions Robert Fisher and Ashwin Gokhale, counsel Christian Coyne, and associates Amit Itai and Christina Meng.
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Contact:
Brandon Jacobsen
O’Melveny & Myers LLP
+1 213 430 8024
bjacobsen@omm.com
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Relocity issued the following announcement:
Relocity to speed up enterprise progress with funding from Crest Rock Companions
LOS ANGELES, April 8, 2024 – Relocity (“Relocity” or the “Firm”), a number one relocation software program and tech-enabled providers supplier, at present introduced a strategic progress funding from Crest Rock Companions (“Crest Rock”), a Denver-based personal fairness agency investing in software program, know-how, providers, and manufacturing companies. Crest Rock’s funding marks a pivotal step ahead in Relocity’s progress trajectory. Relocity’s founder and govt staff invested alongside Crest Rock and can proceed to advance the Firm’s mission of reimagining the worldwide mobility expertise.
With this funding, Relocity will speed up product improvement on its revolutionary answer portfolio to enhance and streamline the worker relocation course of globally, leveraging Crest Rock’s experience and operational assets. The Firm intends to broaden its geographic attain whereas persevering with to evolve its modern platform with extra options, integrations, analytics, and AI-driven capabilities to scale its digital transformation options for the worldwide mobility business. Relocity’s strong accomplice community of relocation administration corporations (“RMC”) and know-how companions will proceed to work in tandem to enhance the company relocation expertise for cell staff globally.
Based in 2016 and headquartered in Los Angeles, CA, Relocity offers relocation software program options and tech-enabled vacation spot providers to enhance the cell worker expertise. Relocity’s workforce mobility platform and app-based options redefine how transferees handle their strikes, whereas additionally offering invaluable knowledge and insights to company mobility leaders and their RMC companions. By way of its strong portfolio of transferee-centric relocation options, Relocity helps and streamlines all kinds of company relocations and mobility methods – from absolutely managed strikes to lump sum strikes. Relocity’s technical experience and personalised transfer experiences have created a loyal following of company shoppers and RMC companions that proceed to broaden over time.
Relocity makes a speciality of connecting cell expertise to new communities via personalised experiences pushed by intuitive cell know-how, native consultants, and versatile service choices. By way of Relocity Concierge, the Firm’s tailor-made, white-glove providers enabled with best-in-class know-how, Relocity is a number one international vacation spot providers supplier in 40+ markets for Fortune 500 corporations. Relocity Information, a next-gen know-how answer that enhances Obligation of Look after interns and lump sum transferees, gives AI-backed, personalised relocation experiences through a self-guided native cell app, that includes digital neighborhood excursions, interactive maps, and entry to Relocity’s market with provider reductions. The Firm’s newest answer, Relocity One, the business’s first mobility tremendous app, permits staff, company mobility leaders, and RMC companions to streamline international mobility packages and provider networks in a single customizable platform. Along with offering a single supply of fact for cell staff, Relocity One unlocks productiveness and price financial savings for each company shoppers and their RMC companions.
“We’re thrilled to accomplice with Crest Rock Companions as we embark on this thrilling section of progress,” mentioned Klaus Siegmann, founder & CEO at Relocity. “Crest Rock’s funding not solely validates our imaginative and prescient and technique but in addition empowers us to execute on our formidable targets and solidify our place as a frontrunner within the international mobility business for cell worker experiences. As company mobility packages proceed to evolve on this new working paradigm, we’ve by no means been extra excited to be supporting and enabling our company and RMC companions via this business evolution.”
Crest Rock’s funding in Relocity underscores Crest Rock’s dedication to partnering with high-potential corporations and fueling their growth and success. “Relocity’s main mobility platform, mixed with its relentless dedication to its prospects, has allowed the Firm to ship distinctive software program and providers to company transferees around the globe” commented Jeff Carnes, co-founder and Associate at Crest Rock. “Within the midst of a transformative section within the relocation business, no different firm offers the extent of professionalism and revolutionary options to its prospects and RMC companions that Relocity does. We’re excited to accomplice with Klaus and the broader staff at Relocity to assist their mission of constructing the way forward for international mobility.”
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About Relocity:
Based in 2016 and headquartered in Los Angeles, CA, Relocity is reimagining the worldwide mobility expertise. We allow enterprises to draw, retain, and interact expertise globally via our distinctive mix of mobility software program options and high-touch vacation spot providers. Our personalised digital transferee expertise accommodates all cell expertise and is enabled via our AI-driven native cell app and workforce mobility platform. Our core values drive us to deal with our prospects, innovation, integrity, and excellence. Relocity serves 1000’s of cities throughout the USA, Europe, Asia, and Australia. Study extra at www.relocity.com.
About Crest Rock Companions:
Crest Rock Companions is a Denver-based personal fairness agency targeted on the decrease center market. Based in 2019, the agency seeks funding alternatives the place it could leverage its principals’ intensive working and investing expertise to assist corporations execute their strategic progress initiatives. By way of the staff’s completion of over 60 acquisitions, divestitures, mergers, and integrations, Crest Rock has developed a differentiated funding course of and partnership strategy, working with administration, founders, and different shareholders to determine alignment and obtain mutual aims. Crest Rock targets management investments throughout a number of business verticals, together with software program, know-how, IT providers, tech-enabled enterprise providers, manufacturing, and industrial providers. For extra details about Crest Rock, please go to www.crestrockpartners.com.
Media Contacts:
Relocity Advertising and marketing Communications
1-855-RELOCITY
advertising and marketing@relocity.com
Michelle Eidson
Principal, Head of Enterprise Growth
Michelle.Eidson@crestrockpartners.com
