Tekion has raised $600 million across multiple funding rounds, including a $200 million PE round in July 2024, following its $250 million Series D in 2021 and $150 million Series C in 2020, which first pushed the company to a $1B valuation. Its valuation rose to $3.5B after Series D and further to $4B as of July 2024. Backed by Dragoneer Investment Group, Alkeon Capital Management, Advent International, and Index Ventures, Tekion continues scaling its AI- and cloud-powered automotive retail management platform.