Venture capital firm Inveready has sold its minority stake in Madrid-based car-sharing startup Respiro to Spanish automobiles manufacturer Seat for an undisclosed amount.
Funding will be used to scale the company's platform for the US and Asia markets
Fund targets companies operating in a wide range of sectors and deploys tickets in the $50-500m range
Predecessor vehicle PEC III closed on $389m in October 2017 and is now fully deployed
Arlington expects to put fresh capital into the business and grow it through acquisitions