What is Tekion?
Tekion offers a comprehensive cloud-based software solution designed to digitally automate and streamline operations for automotive dealerships. Headquartered in San Ramon, California, the company's platform provides businesses with the tools necessary to manage their entire dealership ecosystem, from sales and service to inventory and customer relations, in a digitally integrated manner. This focus on end-to-end digital transformation positions Tekion as a key innovator in the automotive retail technology space.
How much funding has Tekion raised?
Tekion has raised a total of $645M across 5 funding rounds:
Series A
$10M
Series B
$35M
Series C
$150M
Series D
$250M
Private Equity
$200M
Series A (2017): $10M with participation from Index Ventures
Series B (2018): $35M led by Exor, Storm Ventures, AME Ventures, Alliance Ventures, Index Ventures, and Airbus Ventures
Series C (2020): $150M supported by Index Ventures LLP, Airbus Ventures, EXOR N.V, FM Capital LLC, and Advent
Series D (2021): $250M featuring Durable Capital and Alkeon Capital Management
Private Equity (2024): $200M backed by Dragoneer Investment Group
Key Investors in Tekion
Index Ventures
Index Ventures is a global venture capital firm that invests in technology companies. They are known for backing companies across various stages of growth, from seed to later-stage, with a focus on disruptive innovation.
Airbus Ventures
Airbus Ventures operates in service of deeptech entrepreneurs by investing in those enhancing the planet's best futures. The company focuses on unlocking the hypersonic economy and harnessing the power of the Solar System for the future of Earth. Their intended clients are deeptech entrepreneurs looking for growth capital and support in innovative technologies. Airbus Ventures aims to foster advancements that contribute to sustainable and transformative solutions.
Advent International
Advent International is a leading global private equity firm specializing in buyouts, growth equity, and strategic restructuring across sectors including technology. They partner with management teams to drive long-term value creation through their extensive global network and sub-sector expertise.
What's next for Tekion?
The recent major strategic investment in Tekion signals a strong confidence in its growth trajectory and market position. This influx of capital, particularly in the form of private equity, suggests a focus on scaling operations, expanding market reach, and potentially further developing its innovative software solutions. Tekion is poised to continue its expansion, leveraging this strategic backing to enhance its offerings and solidify its leadership in the digital automotive retail landscape.
See full Tekion company page
