Tekion Corp. secured $150 million in a series C funding round led by Advent International Corp.

Index Ventures, Exor NV, Airbus Ventures, FM Capital LLC, and Serra Automotive Inc. President Joe Serra also participated in the round. Other key investors included General Motors Co., BMW iVentures and Alliance Ventures.

Tekion is a cloud-based technology company behind Automotive Retail Cloud, a software-as-a-service retail operating platform.

Jon McNeill and Eric Wei of Advent will join Tekion's board.