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…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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