Funding round
FINN Series C
FINN, which works in vehicle subscription and delivery services in Munich, raised $110M in a Series C round announced on 11 Jan 2024, led by Planet First Partners, at a $600M post-money valuation. 6 firms took part, 6 of them already investors. It is FINN's second venture round on record; the one before was a Series B in May 2022.
$110M
Amount raised
100,000,000 EUR converted
$600M
Post-money valuation
6
Investors
1 lead
1.2x
Step-up from the Series B
$500M in May 2022
18%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced FINN at $600M after the new money, 1.2 times the $500M of its Series B (May 2022). The $110M bought investors about 18% of the company. It came 20 months after FINN's Series B. It is 29% of the $380M FINN has raised in the venture rounds on record. FINN raised again 29 months later: a Series D round of $160M in Jun 2026, at $1.14B post-money.
FINN's funding rounds
FINN has 3 venture rounds on record and 2 other deals. This one is highlighted.
- Series B 25 May 2022, led by Korelya Capital $110M$500M post-money
- Debt not a venture round 5 Jul 2023 $27M
- Series C this round 11 Jan 2024, led by Planet First Partners $110M$600M post-money
- Debt not a venture round 10 Feb 2025 $1.03B
- Series D 24 Jun 2026, led by Portage Ventures $160M$1.14B post-money
Investors
Who put money in
Planet First Partners led the round with 5 other firms. Planet First Partners, HV Capital, Korelya Capital and UVC Partners and 2 more had backed FINN before.
Lead investor
- backs 10 venture-backed companies existing investor
Also in the round
- HV Capital backs 124 venture-backed companies existing investor
- backs 25 venture-backed companies existing investor
- backs 49 venture-backed companies existing investor
- White Star Capital existing investor
- backs 108 venture-backed companies existing investor
Joined the board: Nathan Medlock (Planet First Partners).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Car Rental, then Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Waymo Car Rental | 1 Oct 2024 | $5.60B | $45.00B | Alphabet and Andreessen Horowitz |
| Batteries | 23 Jan 2024 | $95M | $450M | Teachers’ Venture Growth |
| Biotechnology | 23 Jan 2024 | $75M | not disclosed | Mirae Asset Capital Life Science |
| Beverages & Refreshments | 2 Jan 2024 | $67M | not disclosed | BTG Pactual |
| Industrial Machinery & Supplies | 1 Jan 2024 | $60M | $286M | LG Electronics |
| Insurance - Agents, Carriers & Brokers | 19 Jan 2024 | $60M | not disclosed | Venrock |
| Medical Laboratories | 23 Jan 2024 | $55M | not disclosed | Venture Investors Health Fund and State of Wisconsin Investment Board |
| Biotechnology | 18 Jan 2024 | $48M | not disclosed | ArrowMark Partners and Winslow Capital Management |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did FINN raise in its Series C round?
FINN raised $110M in its Series C round, announced in Jan 2024.
Who led FINN's Series C round?
Planet First Partners led it, with HV Capital, Korelya Capital, UVC Partners, White Star Capital and Picus Capital.
What was FINN's valuation at the Series C round?
$600M post-money.
Did FINN raise again after this round?
Yes: a Series D round in Jun 2026 of $160M at $1.14B post-money.