Accel Partners, Horizons Ventures and SV Angel have divested their stakes in UK-based augmented reality software developer Blue Vision Labs via a trade sale to US-based ride-hailing business Lyft.
Navigation and travel app was bought by Parity.com subsidiary Daegu for around €16.65m in 2020
French VC first invested in the dating app in 2015 via its first Partech Entrepreneur fund
Hg and the company's management team reinvest in the transaction as minority shareholders
Montagu Private Equity acquires companies with enterprise values of €200m-1bn