The used vehicle marketplace was valued at over $1bn in a series C round featuring BMW i Ventures to hike its overall funding to over $276m.
Motorway, the UK-headquartered operator of an online marketplace for used vehicles, secured $190m in series C funding today from investors including automotive manufacturer BMW’s corporate venturing unit, BMW i Ventures.
Venture capital firm Index Ventures co-led the round with Iconiq Growth, a growth equity affiliate of multi-family office Iconiq Capital, while VC fund Latitude and VC firm Unbound also took part, at a valuation exceeding $1bn.
Founded in 2017, Motorway runs an e-commerce platform enabling users to sell their vehicles…
