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Announced

Completed

Korelya Capital led a $110m Series B funding round in FINN.

Financials

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Transaction Value£87m
Consideration TypeCash
Capital Owned-
Capital Bid For22%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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car subscription

Germany

Acquisition

Friendly

Completed

Cross Border

Private

Minority

Venture Capital

Private Equity

subscription services for product alerts

Auto Services

Synopsis

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Korelya Capital, a venture capital firm, led a $110m Series B funding round in FINN, a car subscription platform, with participation from Keen Venture Partners, Climb Ventures, Greentrail Capital, Waterfall Asset Management, White Star Capital, HV Capital, Heartcore Capital, UVC Partners, and Picus Capital. "We are honored to welcome such experienced investors on board. With this fundraising, we can bring our all-inclusive car subscriptions to the mass-market. What motivates us further, is that our flexible and easy to book car subscriptions serve as a catalyst for electric vehicles. One-third of our fleet is already fully electric, and the share is quickly growing. With the new investment, we bring not only car subscriptions, but also electric vehicles to a large audience," Max-Josef Meier, FINN CEO and Co-Founder.

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