Motorway’s $190 Million Series C Round

In UK Orrick Herrington & Sutcliffe LLP, advised on the matter.

Orrick Herrington & Sutcliffe LLP advised BMW i Ventures, Inc. with a team including Shawn Atkinson (Picture – Corporate M&A).

Motorway, the UK’s fastest growing used car marketplace, has achieved unicorn status with a valuation of over $1bn following a $190m Series C funding round. 

The round is led by Index Ventures, backers of Deliveroo, Etsy and Dropbox, and ICONIQ Growth, a leading Silicon Valley technology investment firm and partners of Collibra, Miro and Wolt. Existing investors Latitude, Unbound and BMW i Ventures also participated in the round. 

The Orrick team advising BMW included Shawn Atkinson (Picture), Thomas Schmid and Stephen Tallon.

Involved fees earner: Shawn Atkinson – Orrick Herrington & Sutcliffe LLP; Thomas Schmid – Orrick Herrington & Sutcliffe LLP; Stephen Tallon – Orrick Herrington & Sutcliffe LLP;

Law Firms: Orrick Herrington & Sutcliffe LLP;

Clients: BMW i Ventures, Inc.;

Author: Giulia Di Palma