French GP Pragma Capital has rebranded to Sparring Capital and is aiming to raise a fourth fund with a higher target than its current vehicle.
Companies with strong export focuses and internationalisation strategies are attracting investment from institutional fund managers
Atomico also takes part in the financing alongside startup accelerator Y Combinator
GP secures a majority stake in the Stoke-on-Trent-headquartered fleet management company
London-based developer will use the capital to open a new office in San Francisco