🏆 Deal of the Week · CW 21/2022
FINN raised USD 110M in a Series B round at a valuation of USD 390M. The round drew participation from ten investors spanning Europe and North America, including HV Capital, Heartcore Capital, and Waterfall Asset Management. The deal was recognised as Venionaire DealMatrix Deal of the Week for KW 21/2022.
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 was backed by 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 combining specialist automotive and mobility-focused venture funds with transatlantic growth-equity firms and an asset manager with structured-credit expertise. That breadth reflects the dual nature of the raise, which comprised both equity and a significant debt facility to fund vehicle fleet expansion.
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 across more than 25 vehicle brands, including Audi, BMW, and Tesla, with insurance, maintenance, and doorstep delivery bundled into a single monthly fee. FINN's model is designed to remove the long-term commitment and hidden costs associated with traditional car ownership or leasing. The company has grown rapidly since founding and positions itself as a market leader in the European automotive subscription category, with stated ambitions to expand in the United States.
FINN valuation & multiples
No existing multiples analysis was provided for this deal. Once revenue and EBITDA data become available, FINN can be benchmarked against prevailing EV/Sales and EV/EBITDA ranges for automotive mobility and subscription-services comparables. For current sector benchmark ranges, visit the Venionaire DealMatrix automotive sector multiples pages.
Explore the benchmarks: Series B.
Frequently asked questions
How much did FINN raise in its Series B?
FINN raised USD 110M in its Series B round, announced in 2022 (KW 21).
What is FINN's valuation?
FINN was valued at USD 390M at the time of its Series B round.
Who invested in FINN?
The Series B was backed by 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.