German car subscription platform Finn has secured nearly €100 million in new financing alongside additional funding agreements worth more than €40 million, lifting the company’s valuation above €1 billion.
The funding will support the next phase of Finn’s growth, including investments in its vehicle fleet, technology platform and operational infrastructure.
Funding Supports Expansion
The financing round was led by venture capital firm Portage, while BC Partners Credit and Runway Growth Capital provided more than €40 million in additional capital.
SevenVentures, the investment arm of ProSiebenSat.1, also participated through a media-for-equity agreement.
Existing investors, including UVC Partners, Planet First Partners, Korelya Capital, White Star Capital, HV Capital and Picus Capital, also continued their support in the latest round.
According to the company, the financing increases Finn’s valuation to more than €1 billion, giving it unicorn status for the first time.
Focus on Fleet Growth
Finn said the new capital will be used to expand its vehicle fleet while continuing to develop its digital platform and operational capabilities.
Earlier this year, the company announced plans to add approximately 11,500 vehicles, nearly doubling the size of its fleet compared with the previous year.
The company also said more than 70% of its fleet now consists of electrified vehicles, including battery-electric vehicles and hybrid models, alongside conventional internal combustion engine vehicles.
Finn currently manages more than 50,000 active vehicle subscriptions.
Subscription-Based Mobility Model
Founded in Munich in 2019, Finn offers fully digital vehicle subscriptions covering insurance, registration, maintenance and taxes within a single monthly payment.
Its portfolio includes more than 25 automotive brands, including BMW, Mercedes-Benz, Cupra, Opel, Hyundai, MG and BYD.
According to the company, it currently generates annual recurring revenue exceeding €300 million.
European Growth Ambitions
Finn said the latest financing will support continued growth in Germany while laying the foundation for broader expansion across Europe.
The company aims to further develop its subscription platform as demand grows for flexible vehicle ownership models, particularly among consumers seeking alternatives to traditional vehicle purchasing or leasing.
The latest investment reflects continued investor interest in subscription-based mobility services as automakers and technology companies expand offerings in electric and connected vehicle markets.
