6 years ago

Motorway Raises £11 Million to Expand its Used Car Marketplace

  • Motorway, a UK-based online marketplace for used cars, has secured £11 million in Series A funding led by Marchmont Ventures and with participation from existing investor LocalGlobe

  • The funding will be used to expand the company's team, software platform, network of car buyers, and marketing efforts throughout the UK

  • Motorway aims to simplify the car selling process by providing instant price comparison and transparency, offering a better experience for both sellers and buyers.

      • ProblemTechnology

      "Selling used cars in the UK is a complex and often frustrating process that lacks transparency and can result in sellers not getting the best price."

      Solution

      "Motorway is a next-generation online marketplace that connects used car sellers directly with multiple car buying services and dealerships, providing instant price comparisons, buyer reviews, and a streamlined selling process, ensuring sellers get the best deal quickly and easily."

      Covered on