Alkeon Capital led a $250m Series D funding round in Tekion.

Alkeon Capital, a privately owned registered investment adviser, led a $250m Series D funding round in Tekion, a developer of a cloud-built platform intended to connect digital experiences to automotive retail. Additional investors include Durable Capital, Hyundai Motor, Advent International, Index Ventures and FM Capital. "We’re impressed by Tekion’s talented team of innovators who have transformed the automotive retail market with a game-changing platform dedicated to delivering the best dealer and retail experiences. Tekion is disrupting the industry with its cutting-edge cloud-based platform, and we believe in the company’s capacity for value creation and exponential long-term growth through scalability,” Henry Ellenbogen, Durable Chief Investment Officer.