How Much Did FINN Raise? Funding & Key Investors

What Is FINN?

Founded in 2019, FINN is a Munich-based startup revolutionizing the automotive industry with its innovative car subscription service. The company was established by Andreas Stryz, Hans-Peter Ringer, Max-Josef Meier, Maximilian Wühr, and Nikolai Schröder.

FINN offers a flexible and all-inclusive monthly car subscription platform, providing an alternative to traditional car ownership. Their service includes insurance, taxes, maintenance, and a wide range of car models to choose from.

With a team of 251-500 employees, FINN is dedicated to making mobility fun and sustainable, catering to both individual and business customers across Germany.

How Much Funding Has FINN Raised?

1. Pre-Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: July 2019
   • Lead Investors: Picus Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To establish the initial operations and develop the platform.
2. Seed Round
   • Amount Raised: €8.8M
   • Date: December 2019
   • Lead Investors: HV Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the team and scale the platform.
3. Series A
   • Amount Raised: €20M
   • Date: December 2020
   • Lead Investors: White Star Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance the service offerings and enter new markets.
4. Debt Financing
   • Amount Raised: €500M
   • Date: December 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support fleet expansion and operational growth.
5. Debt Financing
   • Amount Raised: $200M
   • Date: March 2022
   • Lead Investors: Waterfall Asset Management
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further expand the fleet and enhance service capabilities.
6. Series B
   • Amount Raised: $110M
   • Date: May 2022
   • Lead Investors: Korelya Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate growth and expand into new regions.
7. Debt Financing
   • Amount Raised: €25M
   • Date: July 2023
   • Lead Investors: Avellinia Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the expansion of the electric vehicle fleet.
8. Series C
   • Amount Raised: $110M
   • Date: January 2024
   • Lead Investors: Planet First Partners
   • Valuation at Round: $600M
   • Motivation Behind the Round: To accelerate the growth of the electric car fleet and increase the share of low-emission vehicles.
9. Debt Financing
   • Amount Raised: €1B
   • Date: February 2025
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further scale operations and expand the fleet.

Total Amount Raised: $1.55B. Current Valuation: $600M.

Key Investors

• Planet First Partners
  • Details: Planet First Partners is a growth equity investment platform focused on sustainable investments. They aim to support companies that contribute to sustainability goals.
  • Investment Focus Areas: Sustainability, electric mobility, innovative solutions.
  • Notable Investments: Not publicly disclosed.
• HV Capital
  • Details: HV Capital is a venture capital firm that has been investing in internet and technology companies for over 20 years. They support startups from the early stage to growth phase.
  • Investment Focus Areas: Technology, internet, digital economy.
  • Notable Investments: Zalando, FlixBus, Delivery Hero.
• Korelya Capital
  • Details: Korelya Capital is a European growth capital firm backed by South Korean internet giant Naver. They focus on supporting European tech companies.
  • Investment Focus Areas: Technology, digital media, e-commerce.
  • Notable Investments: Devialet, Ledger, Vestiaire Collective.
• White Star Capital
  • Details: White Star Capital is a global venture capital firm that invests in technology companies. They have a presence in North America, Europe, and Asia.
  • Investment Focus Areas: Fintech, digital health, enterprise software.
  • Notable Investments: Freshly, Butternut Box, Clark.
• Picus Capital
  • Details: Picus Capital is an early-stage technology investment firm. They focus on long-term partnerships with founders to build sustainable businesses.
  • Investment Focus Areas: Fintech, proptech, digital health.
  • Notable Investments: Personio, Lilium, Forto.

What's Next for FINN?

FINN is poised to capitalize on the burgeoning electric vehicle market, with plans to double the share of low-emission vehicles in its fleet by 2028. The recent €100 million Series C funding round, led by Planet First Partners, underscores the significant opportunity to expand its electric car fleet and enhance its market presence, particularly in the U.S. The company’s innovative car subscription model, which includes insurance, financing, and maintenance, positions it well to attract both individual and business customers seeking flexible and sustainable mobility solutions.

Future fundraising efforts are likely as FINN continues to scale its operations and meet the growing demand for electric vehicles. The involvement of prominent investors like HV Capital and Korelya Capital suggests strong potential for additional rounds to support further expansion. However, challenges such as managing technological advancements, ensuring a steady supply of electric vehicles, and navigating competitive pressures from traditional car ownership models and other subscription services will require strategic planning and execution.

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