Tekion secures $200 million from Dragoneer Investment Group to expand product offering for dealer partners and OEMs
Tekion secures $200 million from Dragoneer Investment Group to expand product offering for dealer partners and OEMs
07/16/24, 5:07 PM
Location
pleasantonMoney raised
$200 million
Industry
software
Investors
Dragoneer Investment Group
Tekion announced securing $200 million in growth equity capital from Dragoneer Investment Group, setting its valuation above $4 billion. The funding will be used to expand product offering for dealer partners and OEMs, accelerate implementation timelines, and deliver world-class customer support.
Company Info
Location
pleasanton, california, united states
Additional Info
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.