German startup FINN hits €1B valuation in seven years by building on the belief Europeans would stop buying cars — TFN

FINN, Germany’s top car subscription platform, has raised €140 million in Series D funding. This includes nearly €100 million in equity and €40 million in debt, bringing its valuation to over €1 billion.

Based in Munich, the company now has more than 50,000 active subscriptions and an annual recurring revenue of over €300 million, all within seven years of starting up.

This funding round shows that investors are more confident that European consumers are shifting from car ownership to flexible, all-inclusive monthly subscriptions.

Maximilian Wühr, Nikolai Schröder, Andreas Stryz, Max Beyer, Hans-Peter Ringer, and Max-Josef Meier founded FINN in Munich in 2019, believing that Europeans would move away from car ownership. Today, investors valued the company at more than €1 billion.

FINN completed a €140 million Series D round, with almost €100 million in equity led by Portage and more than €40 million in debt from BC Partners Credit and Runway Growth Capital.