Fenwick Represents Tekion in its $200 Million Growth Capital Investment from Dragoneer Investment Group

Fenwick represented Tekion, a cloud-native platform serving the entire automotive retail ecosystem, in its $200 million growth equity capital investment from Dragoneer Investment Group, a growth-oriented investment firm. This financing round sets Tekion’s valuation at over $4 billion. Tekion plans to invest the capital to expand its product offerings for dealer partners and original equipment manufacturers (OEMs), accelerate implementation timelines, and in its world-class customer support as it continues to redefine automotive retail for dealers and consumers in a rapidly digitizing ecosystem.

More information can be obtained from Tekion’s announcement.

The Fenwick transaction team included corporate partner David Bell and associates James Li, Shweta Kumar, Teresa Anselmo-Thai and Bowen Xue.