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Cloud-Native Retail Platform Tekion Raises $150 Million Series C

PRIVATEOct 29, 2020

Amount Raised

$150 Million

Round Type

Series C

Software

Description

Airbus Ventures is proud to announce a key advance in its continuing partnership with Tekion - the first and fastest cloud-native automotive retail platform. Just last week, Tekion, founded by former Tesla Inc. Chief Information Officer Jay Vijayan, reported completion of its $150 million Series C financing round with an over $1 billion valuation. Participants included Advent International, as well as Airbus Ventures, Index Ventures, FM Capital, and Exor, providing fresh capital for significantly scaling the company

Quick answer

Tekion raised $150 Million in a Series C round, dated October 29, 2020.

How much did Tekion raise?
Tekion raised $150 Million in a Series C round on October 29, 2020.
What does Tekion do?
Positively disrupting an industry that has not seen disruption in over 50 years, Tekion has challenged the paradigm with the first and fastest cloud-native automotive platform that includes the revolutionary Automotive..
Who are the decision-makers at Tekion?
Fundz holds 1 contact at Tekion. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Software around the same time

Companies in the same sectors as Tekion that raised within 45 days of this round, from Fundz verified event records.

  • QMerit, Inc. raised $4M (Seed) on December 11, 2020.
  • FiEE, Inc. raised $25M on December 11, 2020.
  • Grove Collaborative raised $122M on December 10, 2020.
  • CallRail, Inc. raised $56M (Funding Round) on December 10, 2020.
  • Vouched raised $3M (Seed) on December 10, 2020.
  • HiBob raised $70M (Series B) on December 10, 2020.

Who to call at Tekion, and when

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Company Information

Company

Tekion

About

Positively disrupting an industry that has not seen disruption in over 50 years, Tekion has challenged the paradigm with the first and fastest cloud-native automotive platform that includes the revolutionary Automotive Retail Cloud (ARC) for retailers, Automotive Enterprise Cloud (AEC) for manufacturers and other large automotive enterprises, and Automotive Partner Cloud (APC) for technology and industry partners. Tekion connects the entire spectrum of the automotive retail ecosystem through one seamless platform. The transformative platform uses cutting-edge technology, big data, machine learning, and AI to seamlessly bring together OEMs, retailers/dealers, and consumers. With its highly configurable integration and greater customer engagement capabilities, Tekion is enabling the best automotive retail experiences ever.

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Tekion raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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