FINN raises $109 million

Car subscription provider FINN has raised $109 million Series C funding led by Planet First Partners, with participation from HV Capital, Korelya Capital, UVC Partners, White Star Capital and Picus Capital. The round increases FINN’s valuation to more than $600 million.

The Munich-based company, which also operates in the US, will use the capital to accelerate growth in the electric car sector, with the goal to more than double the share of low-emission vehicles in its fleet from 40% to over 80% by 2028.

Last year, FINN was able to further grow in its markets and hit the milestone of €160 million in ARR with over 25k active subscriptions.

FINN’s offering includes insurance, financing, registration, taxes and maintenance.