Tekion raises $250M

Automotive retail cloud company Tekion has raised a Series D financing round of $250 million.

The investment was led by Alkeon Capital, and co-led by Durable Capital. Hyundai, Advent, Index Ventures, and FM Capital also participated in the funding.

The latest investment pegs Tekion at a valuation of $3.5 billion, according to the company.

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