Hyundai Motor Company backed car dealership software provider Tekion in a $250m series D round which gave it a valuation of $3.5bn.
Tekion, a US-based provider of sales software for car dealerships, collected $250m in series D financing yesterday from investors including carmaker Hyundai Motor Company at a valuation of $3.5bn.
The round was co-led by Alkeon Capital and Durable Capital with backing from Advent International, Index Ventures and FM Capital as well as several undisclosed car dealer groups across the US.
Founded in 2016, Tekion offers a cloud-native automotive retail platform, Automotive Retail Cloud (ARC), which digitises the management of car…
