Tekion is transforming automotive retail with an AI-driven, cloud-native dealership management system designed to unify sales, service, operations, customer engagement, and analytics. The platform empowers auto dealers with personalized upsell and cross-sell tools, F&I management, intelligent inventory search, digital retailing workflows, and real-time insights. Through seamless integrations and a modern e-commerce experience, Tekion enables dealerships to operate with speed, transparency, and customer-centric efficiency.
What Is Tekion and What Does It Do?
Tekion, founded in 2016 by Jay Vijayan and Guru Sankararaman, is a Pleasanton-based (United States) AI and cloud-driven dealership management and retail platform for auto dealers.
Tekion employs around 640 people and offers digital sales, compliance management, customer engagement tools, advanced accounting, F&I automation, and personalized e-commerce journeys. Tekion’s modern, modular architecture enables dealers to streamline workflows, improve profitability, and deliver enhanced retail experiences across all channels.
How Much Funding Has Tekion Raised?
1. PE Round
- Amount Raised: $200M
- Date: July 2024
- Lead Investors: Dragoneer Investment Group
- Motivation: To expand global operations, enhance AI-driven retail features, and strengthen enterprise partnerships.
2. Series D
- Amount Raised: $250M
- Date: October 2021
- Lead Investors: Alkeon Capital Management, Durable Capital Partners, Hyundai Motor Company, Index Ventures, Advent International, FM Capital
- Motivation: To scale digital automotive retail offerings and accelerate product development.
3. Series C
- Amount Raised: $150M
- Date: October 2020
- Lead Investors: Advent International, Index Ventures, Exor, Airbus Ventures, General Motors, BMW i Ventures, Joe Serra, FM Capital, Renault–Nissan–Mitsubishi Alliance
- Motivation: To expand market reach and strengthen Tekion’s cloud-native automotive retail platform.
Total Funding Raised: $600 Million
Current Valuation: $4 Billion (as of July 2024)
Latest Funding Date: July 2024
Key Investors
1. Dragoneer Investment Group
- Details: A global investment firm known for backing high-growth technology companies.
- Investment Focus Areas: Enterprise SaaS, cloud, and consumer tech.
- Notable Investments: Airbnb, Snowflake, Uber, Tekion.
2. Advent International
- Details: One of the largest and most experienced global private equity firms.
- Investment Focus Areas: Technology, industrials, and financial services.
- Notable Investments: Vantiv, TransUnion, Tekion.
3. Alkeon Capital Management
- Details: A New York–based global investment firm focused on long-term technology growth.
- Investment Focus Areas: Cloud software, analytics, enterprise automation.
- Notable Investments: Stripe, Databricks, Tekion.
4. Index Ventures
- Details: A global VC firm investing in transformative technology businesses.
- Investment Focus Areas: SaaS, mobility tech, and marketplaces.
- Notable Investments: Roblox, Figma, Tekion.
Where Is Tekion’s Headquarters?
Tekion is headquartered in Pleasanton, California, a strategic location near Silicon Valley’s technology ecosystem. This proximity gives the company access to top engineering talent, enterprise partnerships, and automotive innovation networks essential for scaling its AI-first dealership platform.
What’s Next for Tekion?
Tekion plans to accelerate global expansion, deepen automotive OEM integrations, and strengthen its AI-driven retail engine. With increasing demand for digital automotive experiences, Tekion aims to bring complete operational transparency, personalization, and automation to dealerships worldwide. The company also intends to scale its omnichannel retail journey, enabling seamless online-to-offline customer experiences.
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