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New Deal


Announced

Completed

Index Ventures and ICONIQ led a $190m Series C round in Motorway.

Financials

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Transaction Value£142m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Private

Cross Border

Minority

Private Equity

Acquisition

Single Bidder

Auto Services

cars

United Kingdom

Completed

Venture Capital

car marketplace

Synopsis

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Index Ventures and ICONIQ led a $190m Series C round in Motorway, the UK’s fastest growing used car marketplace, with participation from Latitude, Unbound and BMW i Ventures. "In 2017, we set out to reinvent how people sell their cars, transforming a broken offline process by introducing a superior online experience. Our team has dedicated themselves to this mission through unprecedented times – enabling us to turn a traditionally lose-lose market into a win-win for our customers and dealer partners," Tom Leathes, Motorway CEO.

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