Private investment firm Ardian acquired a minority stake in MKD, a Spain-based online platform that offers maintenance supervision and repair services for the fleet management sector.
The amount of the deal was not disclosed.
Founded in 2014 by current CEO José Piñera, MKD provides an online platform for fleet managers to outsource maintenance and repair services.
With more than €20m in sales and over 400,000 repairs made in Spain, the company has further extended its offer to individuals with the launch of Reparatuchoche.com.
Clients include top-tier companies from the car rental industry, including Europcar, Alphabet, Arval, Generali, Allianz and new players in mobility management.
MKD intends to use the funds to speed up development via external opportunities and new technological services.