🏆 Deal of the Month · May 2022
FINN raised USD 110 million in its Series B round in May 2022, at a post-money valuation of USD 390 million. The round was backed by a broad syndicate of ten investors spanning Europe and North America, with no single lead investor publicly designated. The capital was earmarked to accelerate FINN's expansion across the United States and Europe.
FINN — key deal facts
| Company | FINN |
| Founded | 2019 |
| Headquarters | Munich, Germany |
| Amount raised | USD 110M |
| Valuation | USD 390M |
| Round | Series B |
| Investors | Climb Ventures (https://climbventures.com/) Greentrail Capital (https://www.greentrailcap.com/) Heartcore Capital (https://www.heartcore.com/) HV Capital (https://www.hvcapital.com/) Keen Venture Partners (https://www.keenventurepartners.com/) Korelya Capital (https://www.korelyacapital.com/) Picus Capital (https://www.picuscap.com/) UVC Partners (https://www.uvcpartners.com/) Waterfall Asset Management (https://www.waterfallam.com/) White Star Capital (https://whitestarcapital.com/) |
| Sectors | Automotive |
Who invested in FINN?
The Series B drew participation from Climb Ventures, Greentrail Capital, Heartcore Capital, HV Capital, Keen Venture Partners, Korelya Capital, Picus Capital, UVC Partners, Waterfall Asset Management, and White Star Capital. The investor mix is notable for its breadth, combining dedicated mobility and climate-focused funds with generalist growth investors and an asset management firm, reflecting both the strategic and financial appeal of the subscription model. Waterfall Asset Management's involvement also signals structured capital appetite for the vehicle fleet financing that underpins FINN's model.
What does FINN do?
FINN is a brand-independent car subscription platform founded in 2019 and headquartered in Munich, Germany. The company offers all-inclusive monthly subscriptions covering vehicles from more than 25 brands — including Audi, BMW, and Tesla — with insurance, maintenance, and roadside assistance bundled into a single monthly fee. Customers can order digitally in minutes with no down payment, receive doorstep delivery, and swap vehicles every six to twelve months. FINN has grown to serve more than 20,000 drivers and positions itself as a market leader in the European automotive subscription segment.
FINN valuation & multiples
No existing multiples analysis was provided for this deal. Automotive subscription platforms are typically benchmarked against EV/Sales and EV/EBITDA multiples for marketplace and mobility-as-a-service comparables; readers can explore current automotive sector transaction multiples on the relevant Venionaire DealMatrix sector multiples pages.
Explore the benchmarks: Series B.
Frequently asked questions
How much did FINN raise in its Series B?
FINN raised USD 110 million in its Series B round in May 2022.
What is FINN's valuation?
FINN was valued at USD 390 million at the time of its Series B closing.
Who invested in FINN?
The Series B investors were Climb Ventures, Greentrail Capital, Heartcore Capital, HV Capital, Keen Venture Partners, Korelya Capital, Picus Capital, UVC Partners, Waterfall Asset Management, and White Star Capital.
When was FINN founded and where is it based?
FINN was founded in 2019 and is headquartered in Munich, Germany.
Source: original announcement — read the full report.