- Companies
- Motorway
Motorway Valuation, Funding & Investors
Motorway is valued at $1B as of November 2021.
Last Motorway valuation
$1B
Series C · Nov 2021
Last Motorway funding round
$190M
Series C · Nov 2021
Cumulative funding Motorway raised
$275M
across 5 funding rounds
Key investors in Motorway
Marchmont Ventures
Index Ventures
LocalGlobe
BMW i Ventures
Unbound
Latitude Investment Management
About Motorway
Motorway is a UK online car-selling platform founded in 2017 that connects private sellers to verified dealers. Users upload vehicle details via app for instant valuations and sales within days, with over 1 million monthly visitors. London-headquartered, it processes hundreds of daily transactions nationwide using AI matching and logistics.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2C & B2B
Revenue model
Commission
Valuation
$1B (Nov 2021)
Motorway Valuation
Motorway is currently valued at $1B, based on its Series C in November 2021.
The $190M round was led by ICONIQ Capital and Index Ventures, with participation from Latitude Investment Management, BMW i Ventures and Unbound.
Motorway valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2021 | Series C | $1B |
Motorway Funding History
Motorway has raised a total of $275M across 5 funding rounds.
Motorway's first fundraising round was a $600K angel round in May 2017. The most recent completed round was a $190M Series C in November 2021.
Motorway funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2021 | Series C | ICONIQ Capital (lead); Index Ventures (lead); Latitude Investment Management; BMW i Ventures; Unbound | $190M | $1B | Motorway is a UK-based online platform for buying and selling used cars, connecting private sellers directly with a network of professional car dealers through an auction system. Launched in 2017, it streamlines the process with instant valuations, free inspections, and quick payouts, aiming to disrupt the traditional used car market. By late 2021, it had sold over 100,000 cars since inception, with monthly sales exceeding 8,000 vehicles—one new sale every five minutes—and a dealer network of 4,000 professionals. On November 29, 2021, Motorway announced a $190 million Series C funding round co-led by Index Ventures and ICONIQ Growth, with participation from existing investors Latitude Investment Management, Unbound, and BMW i Ventures. This followed a $67.7 million Series B in June 2021, bringing total funding to around $276 million. The round valued Motorway at over $1 billion, achieving unicorn status. Funds were earmarked to accelerate growth, expand engineering teams, and enhance market leadership in the UK used car sector. Motorway reported explosive growth, with 300% year-over-year sales uplift in Q3 2021 to $411 million from $105 million the prior year, positioning it on a run-rate for over $2 billion in completed sales (GMV) in the next 12 months. Despite capturing less than 1% of UK used car sales, its rapid scaling amid pandemic-driven digital shifts highlighted its potential. |
| Jun 2021 | Series B | Index Ventures (lead); Unbound (lead); Marchmont Ventures; Latitude Investment Management; BMW i Ventures; Founder Collective | $66M | - | - |
| Jun 2019 | Series A | Marchmont Ventures (lead); LocalGlobe | $14M | - | Motorway is a UK-based used car marketplace connecting consumer sellers to professional car buyers through its price comparison website. Launched in July 2017, the platform had delivered over £130m in completed car sales and grown to a team of 40 by June 2019. It announced £11m in Series A funding on June 25, 2019, led by Marchmont Ventures with participation from existing backer LocalGlobe. |
| May 2018 | Seed | LocalGlobe (lead); Marchmont Ventures (lead); Alexander Chesterman | $4M | - | Motorway raised £2.75 million in seed funding on June 5, 2018, led by LocalGlobe and Marchmont Ventures, with participation from Alexander Chesterman. The company, launched in July 2017, operates an online platform connecting private car sellers with buyers, earning commissions on completed sales. At the time, Motorway reported over 25,000 customer sales enquiries per month. |
| May 2017 | Angel | Christian Woolfenden (lead); Duncan Jennings (lead); Marc Hazan (lead) | $600K | - | - |
Who has invested in Motorway?
12 investors have backed Motorway across its funding rounds, including Marchmont Ventures, Index Ventures, LocalGlobe, BMW i Ventures, Unbound and Latitude Investment Management.
Lead investors include ICONIQ Capital, Index Ventures, Unbound, Marchmont Ventures, LocalGlobe and 3 other investors.
Motorway Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | May 2018 | ||
| 2 | Lead | Jun 2021 | ||
| 2 | Lead | May 2018 | ||
| 2 | Participant | Jun 2021 | ||
| 2 | Participant | Jun 2021 | ||
| 2 | Lead | Jun 2021 | ||
| 1 | Lead | Nov 2021 | ||
| 1 | Lead | May 2017 | ||
| 1 | Lead | May 2017 | ||
| 1 | Participant | May 2018 | ||
This data is available for Pro users. Sign up to see all 12 Motorway investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Motorway
Motorway has acquired 1 company to date.
Last acquisition by Motorway was on July 13th 2018. Motorway acquired Get It Gone for undisclosed valuation.
Latest Acquisitions by Motorway
| Description | - |
| HQ Country | |
| HQ City | - |
| Deal Date | 13 Jul 2018 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Motorway acquisitions and their M&A valuation multiples. Start Free Trial | |
Motorway Competitors
Motorway competitors include listed companies like CarTrade Tech, Autotrader Group and carsales.com, and private ones like NoBroker, OfferUp and Zhuanzhuan.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $81M | $33M | $1.5B | 15.6x | ||
| Publicly listed | $838M | $558M | $5.2B | 6.4x | ||
| Publicly listed | $892M | $475M | $6.5B | 8.2x | ||
| Private | $65M | - | $1B | 15.4x | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - |
Motorway Public Comps
Motorway is still privately-owned, but its public comps include SMZDM.com, QuinStreet, Grupa Pracuj, Ibotta, LegalZoom, Nextdoor, Upwork, Baltic Classifieds Group, Yelp and ATRenew.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $192M | $19M | 4.9x | 4.7x | 47.8x | 42.1x | |||
| $1.3B | $61M | 0.7x | 0.7x | 15.8x | 7.9x | |||
| $214M | $95M | 4.6x | 4.4x | 10.3x | 9.7x | |||
| $342M | $7M | 2.5x | 2.4x | 114.9x | 15.3x | |||
| $756M | $74M | 1.2x | 1.1x | 12.1x | 4.8x | |||
| $258M | ($69M) | 2.4x | 2.2x | (8.8x) | 27.8x | |||
| $788M | $180M | 1.0x | 1.1x | 4.6x | 3.6x | |||
| $102M | $79M | 11.2x | 10.9x | 14.5x | 14.1x | |||
This data is available for Pro users. Sign up to see all Motorway competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Motorway
| When was Motorway founded? | Motorway was founded in 2017. |
| Where is Motorway headquartered? | Motorway is headquartered in London, United Kingdom. |
| Is Motorway publicly listed? | No, Motorway is a private, VC-backed company. |
| What is Motorway's valuation? | Motorway was last valued at $1B in its Series C in November 2021. |
| How much funding has Motorway raised? | Motorway has raised $275M across 5 funding rounds. |
| What was Motorway's last funding round? | Motorway's last funding round was a $190M Series C in November 2021, led by ICONIQ Capital and Index Ventures. |
| Who are Motorway's investors? | Motorway's investors include Marchmont Ventures, Index Ventures, LocalGlobe, Latitude Investment Management, BMW i Ventures, Unbound, ICONIQ Capital, Duncan Jennings, Marc Hazan, Alexander Chesterman and 2 others. |
| Which companies are comparable to Motorway? | Companies comparable to Motorway include CarTrade Tech, Autotrader Group, carsales.com, NoBroker, OfferUp and Zhuanzhuan. |
| How many companies has Motorway acquired? | Motorway has acquired 1 company, including Get It Gone. |
See companies similar to Motorway
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




