Funding round
Tekion Seed
Tekion, which works in automotive retail platform development in Pleasanton, raised $3.1M in a Seed round announced on 1 Mar 2016, led by Storm Ventures. 2 firms took part. It is Tekion's first venture round on record.
$3.1M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Tekion did not disclose a valuation in this round. It is Tekion's first venture round on record, in the year it was founded (2016). It is under 1% of the $603M Tekion has raised in the venture rounds on record. Tekion raised again 55 months later: a Series C round of $150M in Oct 2020, at $1.00B post-money.
Tekion's funding rounds
Tekion has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Storm Ventures led the round with 1 other firm.
Lead investor
- backs 68 venture-backed companies new investor
Also in the round
- backs 6 venture-backed companies new investor
Comparable rounds
How it compares
391 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.6M, and this round was 1.9 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 14 Mar 2016 | $4.5M | not disclosed | True Ventures and Resolute Ventures |
| Tech Companies | 15 Mar 2016 | $4.0M | not disclosed | Dawn Capital |
| Tech Companies | 15 Mar 2016 | $2.5M | not disclosed | University Ventures and New Markets Venture Partners |
| Tech Companies | 21 Mar 2016 | $2.3M | not disclosed | ff Venture Capital and Uncork Capital |
| Tech Companies | 1 Mar 2016 | $2.2M | not disclosed | Otium |
| Tech Companies | 1 Mar 2016 | $2.0M | not disclosed | not named |
| Tech Companies | 16 Mar 2016 | $2.0M | not disclosed | not named |
| Tech Companies | 31 Mar 2016 | $2.0M | not disclosed | OurCrowd and Eshbol Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Tekion raise in its Seed round?
Tekion raised $3.1M in its Seed round, announced in Mar 2016.
Who led Tekion's Seed round?
Storm Ventures led it, with BluePointe Ventures.
What was Tekion's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
391 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.6M, and this round was 1.9 times the median.
Did Tekion raise again after this round?
Yes: a Series C round in Oct 2020 of $150M at $1.00B post-money.