Finn, a Munich, Germany-based car subscription platform, raised $110m in Equity and $720m in Debt financing.
The Series B round, which valued the company at more than $500m, was led by Korelya Capital along with Keen Venture Partners, Climb Ventures, Greentrail Capital and Waterfall Asset Management. Existing investors such as White Star Capital, HV Capital, Heartcore Capital, UVC Partners, and Picus Capital also participated. The financing comes on the heels of up to $200m in asset-backed security (ABS) funding the company raised for U.S. market expansion from Waterfall Asset Management in March 2022. With its $520m EU ABS raised from Credit Suisse and Waterfall Asset Management in December 2021, this new financing brings total capital raised to $830m within the past six months.
