Motorway's used car auction platform raises $67.7 million in Series B funding led by Index Ventures.

Motorway, may be a UK startup that permits professional car dealers to bid in an auction for privately-owned cars purchasable . The startup has had rapid success by removing tons of friction within the process. It’s now raised £48m / $67.7m during a Series B round led by Index Ventures, along side new investors BMW i Ventures and Unbound. Existing investors Latitude and Marchmont Ventures also participated. The funding are going to be wont to extend its platform and grow the present 160-strong team.

Michael Brown, the new seat of the incredible campaigning bunch NVCA, shares his plan

Michael Brown, a longtime general partner with Battery Ventures, was just elected to the role of chairman of the National risk capital Association three years after joining its board of directors. Earlier in the week , we trapped with Brown to ask about his new, year-long role with the 48-year-old trade group — and what issues he sees as top of mind immediately for the various American VCs he's now representing.