FINN raises $110 million

Car subscription platform FINN has secured $110 million in equity to expand in the U.S. and Europe. The funding, at a $500M+ valuation, was provided by Korelya Capital along with Keen Venture Partners, Climb Ventures, Greentrail Capital, White Star Capital, HV Capital, Heartcore Capital, UVC Partners, Picus Capital, and Waterfall Asset Management.

Founded in 2019, the Munich-based startup entered the U.S. late last year and it currently operates in New Jersey, Pennsylvania, Massachusetts and Connecticut. The subscription includes “comprehensive insurance and maintenance.”

The startup wants to reach 30,000 subscriptions by the end of the year.