Advent International: Tekion $150M Series C lead (auto retail cloud)

Tekion (Pleasanton, CA) builds cloud automotive retail software (Automotive Retail Cloud). It is PE-backed via Advent InternationalDealroom has a profile for this one. Try Dealroom →.

Advent investments (verified): Advent led the $150M Series C at a $1B+ valuation (Business Wire 21 Oct 2020; co-investors Index, Exor, Airbus Ventures, FM Capital, BMW i Ventures / auto strategics). Advent also participated in the later $250M Series D (Oct 2021). Dragoneer led a separate $200M growth round in Jul 2024 at a $4B valuation already on file.

Dealroom: Oct 2020 Advent round retagged GROWTH EQUITY NON VC + official BW source. PE ownership already present. Amounts/valuations already matched PRs where stored. Narrative profile note 59842 left (no Advent PE cover).

Source: Business Wire Advent $150M Series C.