Relay, Inc.
Relay Commerce operates & acquires exceptional ecommerce SaaS companies. We buy businesses that are ready to scale and pair them with our world-class operating team to accelerate growth.
2 additional officers and directors, 1 additional investor
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- $36Mannounced
Announced a $36M round on 30 Sep 2026.
A company that just raised has fresh capital, a new board and new vendors to choose.
FactPress release wires (PR Newswire, GlobeNewswire)For Investors, lenders, service providersFinancing history → - 4 investorsnamed
4 investors on record; International Paper led a round.
The investors already on the cap table shape who leads the next round.
- 4 directorsboard
4 directors on record from Form D filings and board-seat attributions.
The board is who decides on the next round and on a sale.
Facts
- Year of incorporation
- unknown
- Revenue range (Form D)
- Decline to Disclosesec.gov
- Rounds on record
- 3
- Disclosed raised
- $86.0Msum of rounds with a disclosed amount only
- Named investors
- 4
Financing history
- Sep 30, 2026Funding round · $36.0M (disclosed)International Paper (lead)Harmonic Growth Partners, LLC (participant)Fact Press release · “Relay Raises $36 Million in New Funding from Industry Leaders to Drive Frontline Safety, Productivity, and Operational Intelligence”
- May 19, 2026Funding round · $50.0M (disclosed)Fact Press release · “Relay Secures $50 Million in Financing to Build the Small Business Financial Command Center”
- May 22, 2024Form D equity offering · $42.1M (form d sold) · 16 investorsFact Form D · “Relay, Inc. filed Form D: $42,060,525 sold of $42,060,525, Other Technology”
Who would invest
How comparable investors are foundComparable investors backed two or more of the companies this company’s own investors also back. Broader fit co-invested two or more times with them and dated a new company in the last 12 months. Each reason is a fact on record: a shared company, a co-investment count, a dated deal, a stage or round size it has joined. A shared sector alone never puts a firm here. Nothing is a prediction that a firm will invest.Already invested
4 investors on record- Alleycorp Advisers, LLC portfolio listing Fact alleycorp.com
- Harmonic Growth Partners, LLC round, participant Fact prnewswire.com
- International Paper round, lead Fact prnewswire.com
Strong comparable investors
0 firmsFirms that backed two or more of the companies this company's own investors also back.
No firm backed two or more of the companies this company's investors back, so there is no comparable investor on record yet.
Broader fit
2 firmsFirms that co-invest repeatedly with this company's investors and dated a new company in the last 12 months.
- Sequoia Capital
- Co-invested 5 times with 1 of this company's investors
- Has joined rounds of $15M to $50M (2 on record)
- Invests in Hardware and deep tech and Software
- 13 new companies dated in the last 12 months, latest Sep 11, 2026
- Led 25% of 12 rounds whose lead is known
- Union Square Ventures
- Co-invested 4 times with 1 of this company's investors
- Has joined rounds of $15M to $50M (13 on record)
- Invests in Hardware and deep tech and Software
- 6 new companies dated in the last 12 months, latest Sep 29, 2026
- Led 33% of 6 rounds whose lead is known
Ownership and outcomes
How these are wordedA company a buyout or growth firm lists on its own site is “listed in the portfolio of”, never “acquired by”. A date prints only when a deal record gives one; otherwise the row says when DFX first saw it.Listed on 2 firm portfolio pages; none states an outcome (acquired, public, exited or active). DFX does not assume the company is active.
Evidence: 2 listingseach firm's own card, as read
- Status not stated on Alleycorp Advisers, LLC · the firm's card prints no outcome · read Sep 30, 2026 alleycorp.com“BlackSky”
1 more listing counted above; the firms are named with a plan.
Credit relationships
How a loan is matchedA BDC reports its loans by borrower name. A position shows here only when the match passed a precision gate (a hand-labelled sample was 29 of 30 correct); the tier and confidence are printed on each row. Amounts are the lender’s reported position, never a round.People
- Chris Chuang CEO and Co-Founder prnewswire.com
- Christopher Chuang Executive Officer/Director sec.gov
- JIM Mulcahy Executive Officer sec.gov
- John Murdock Director Fact
- David Morken Director Fact
Show all 6 officers and directors
- Chris Chuang CEO and Co-Founder prnewswire.com
- Christopher Chuang Executive Officer/Director sec.gov
- JIM Mulcahy Executive Officer sec.gov
- John Murdock Director Fact
- David Morken Director Fact
- Brian Bailey Director Fact
Timeline
- seen on or beforeOct 1, 2026Relay, Inc. no longer listed on Service Provider Capital's portfolio pageRemoved from portfolio page Inference Firm website
- Sep 30, 2026Relay announced Funding round of $36,000,000, led by International PaperRound announced Fact Press release
- May 19, 2026Relay announced Funding round of $50,000,000Round announced Fact Press release
- May 5, 2026Relay, Inc. filed Form D: $42,060,525 sold of $42,060,525, Other TechnologyForm D filed Fact Form D
Evidence
Every observation on this company
- Description: Sep 12, 2026 Fact Company website
- Entity type: Corporation May 5, 2026 Fact Form D
- Form D industry group: Other Technology May 5, 2026 Fact Form D
- Amendment: false May 5, 2026 Fact Form D
- Revenue range (Form D): Decline to Disclose May 5, 2026 Fact Form D
- Incorporated: overFiveYears May 5, 2026 Fact Form D
- Jurisdiction: Delaware May 5, 2026 Fact Form D
- Amount sold (Form D): $42.1M May 5, 2026 Fact Form D
- Offering amount (Form D): $42.1M May 5, 2026 Fact Form D
- Exemptions: 06b May 5, 2026 Fact Form D
- First sale: 2024-05-22 May 5, 2026 Fact Form D
- Investors (Form D): 16 May 5, 2026 Fact Form D
- Minimum investment (Form D): 0 May 5, 2026 Fact Form D
- Securities offered: equity May 5, 2026 Fact Form D
- Office address: May 5, 2026 Fact Form D
- Listed on portfolio page: Sep 30, 2026 Fact
- Listed on portfolio page: Alleycorp Advisers, LLC Sep 30, 2026 Fact Firm website
- Listed on portfolio page: Alleycorp Advisers, LLC Sep 16, 2026 Fact Firm website
- Listed on portfolio page: Sep 16, 2026 Fact
- Listed on portfolio page: Alleycorp Advisers, LLC Sep 15, 2026 Fact Firm website
- Listed on portfolio page: Sep 12, 2026 Fact
- Round announced: Funding round $36,000,000 Sep 30, 2026 Fact Press release
- Round announced: Funding round $50,000,000 May 19, 2026 Fact Press release
- Site title: Sep 12, 2026 Fact Company website
Record history
- Listing repointed2026-10-01source on record
- Listing repointed2026-10-01source on record
- Identifier moved2026-10-01
+9 more changes on this record's ledger
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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.