Advent led a $150m Series C round in Tekion.

Advent led a $150m Series C round in Tekion, a cloud technology company and provider of SaaS retail operating platform, with participation from Index Ventures, Exor, Airbus Ventures and FM Capital. "Today’s consumers receive outstanding personalized retail experiences from companies like Amazon, Apple, Google, and Disney. Why shouldn’t they expect the same in their vehicle acquisition and service needs? We believe Tekion will be the trailblazer for enabling the modernization of the entire consumer journey and providing the best experiences and operational efficiencies, period. It’s time to even the playing field for the automotive retail industry," Jay Vijayan, Tekion CEO.