Trinity Capital, an international alternative asset manager, committed £25 million in growth capital to Motorway, an online used-car marketplace in the UK.
“Motorway is redefining the way cars are sold in the UK by putting simplicity, speed and value at the core of each transaction. We’re excited to support their team during this phase of rapid growth,” Craig Fox, managing director – Europe at Trinity Capital, said.
This capital infusion will support Motorway as it continues to expand its marketplace and dealer partnerships across the UK.
“This partnership with Trinity Capital will enable us to continue to invest in product innovation and customer experience, whilst scaling efficiently and reaching sustainable profitability,” Liz Kistruck, chief financial officer of Motorway, said.
Cafferty, an independent debt advisory services firm, served as the sole advisor to Motorway on the transaction.
