Advent leads $150 Mn Series C in Tekion at $1b+ valuation
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Tekion, a cloud technology company and provider of SaaS retail operating platform, Automotive Retail Cloud (ARC), announced its Series C financing round of USD 150 million at over a USD one billion valuation. The funding round was led by private equity investor Advent International, with participation from Index Ventures, Exor, Airbus Ventures and FM Capital, a Tekion statement said.