Finn Raises $110M In Equity and $720M In Debt Financing

▤ Summary

Finn, a Munich, Germany-based car subscription platform, raised $110m in Equity and $720m in Debt financing. 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. The company intends to use the funds to advance its core technology, accelerate hiring across its global teams, and expand in the U.S. and Europe. The company also facilitates the transition to drive electric vehicles, and compensates the CO2 for every mile driven for all its cars. It is currently active in New Jersey, Pennsylvania, Massachusetts and Connecticut and will offer its car subscriptions in California and Florida later this year.

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